Global Markets in Pressure Mode, India Holds Strong – 18 June 2025 Market Wrap
Tuesday’s session was against the background of increased global tensions and a string of large corporate moves. Even as the Indian market digested global cues with guarded optimism, global markets fell due to increased geopolitical risks and poor U.S. retail sales.
Global Headwinds: Oil, Bonds, and Wall Street Falls
- Oil fluctuated between $76.80 per barrel, a display of geopolitical uncertainty.
- US Dollar Index was at 98.23, and INR was at 86.33 per USD.
- US 10-year bond yields edged higher to 4.43%, and VIX moved higher to 14.35, indicating increasing volatility.
- Gold and silver held steady at ₹99,500 and ₹1,09,600 levels respectively.
- Base metals turned bullish with supply-side issues.
Iran-Israel tensions mounted, after a statement by former U.S. President Donald Trump calling for Iran’s “complete surrender.” This talk, combined with a fall of 0.9% in U.S. retail sales, dampened U.S. indexes. The blue-chip technology leaders of Microsoft, Tesla, and Alphabet fell. The energy stocks of ENPHASE and First Solar fell 23.6% and 18.2%, respectively.
VERVE Therapeutics rose 73.8%, while JABIL edged higher on positive earnings.
Indian Markets: Mixed Pace with Heavy DII Purchasing
- FIIs were net buyers at ₹1,482 crore
- DIIs purchased a strong ₹8,207 crore
Indian equities held up despite weakness in the world. Sensex closed at 81,444, Nifty at 24,812, and Bank Nifty at 55,829. Sector-wise, Auto and Banking stocks witnessed new buying, whereas Pharma, Realty, Energy, IT, and PSE Metals witnessed profit booking.
Important Corporate & Policy Events
Deals & Developments
- Ugro Capital to acquire Profects Capital for ₹1,400 crore.
- Polycab enters into ₹6,447.54 crore agreement with BSNL for Bharat Net infrastructure in Karnataka, Goa, and Pondicherry.
- RailTel gets ₹43.9 crore LOI from Zoram Electronics.
- EMS Ltd is L1 bidder for ₹184 crore UP Jal Nigam project.
- Bharat Forge enters into MoU with Turgis Gaillard to supply high-altitude surveillance aircraft.
- D-Mart inaugurated new store at Ratan Mall, Agra, now having 421 stores.
- DCX Systems gets ₹28.59 crore export order.
- Vedanta disposes of 1.6% holding in Hindustan Zinc for ₹3,085 crore, announces ₹7 interim dividend.
- Hindustan Zinc to invest ₹12,000 crore for new zinc plant at Debari, Udaipur; weighing demerger of silver business.
- Tata Motors launches LPO 1622 buses in Qatar.
Policy & Regulatory News:
- IRDAI and Road Ministry recommend 18% hike in third-party motor premiums; Finance Ministry grants approval.
- PNB suspends India Asset Reconstruction, sells entire 20.90% stake for ₹34 crore.
- Alembic Pharma gets EIR from USFDA for Karakhadi facility.
- CCI clears Mahindra & Mahindra acquisition of SML Suzuki.
- Fastag update: Private non-commercial cars from August 15, 2025, may use annual Fastag pass for ₹3,000 (200 trips or 1 year).
- Siemens Energy will list on June 19, 2025.
⚙ Plant & Infra Updates
- Electrosteel Castings suspends Khardah and main plant production for 10–12 days for maintenance.
- NUVOCO Vista gets positive court disposal of Sonadhi Plant WRIT petition.
- VENTIVE Hospitality approval for Hinjewadi Infra, WELLCRAFT Infra, and RESTOCRAFT merger.
Regulatory & Caution:
- Neuland Labs issued admin warning owing to lapse in insider trading procedures.
- Procter & Gamble Health reports better income and profits but margin falls from 26.7% to 26%.
Sector Snapshot:
Important Takeaways
- Global concerns are dampening investor mood, but indigenous optimism is seen through robust DII inflows.
- Sparse big infra and defense orders are driving manufacturing and industrial mood.
- Sector rotation remains active, with traders selectively reducing profits while increasing auto and banks.
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