Indian money markets were mainly rangebound on June 19, 2025, amidst global factors, crude volatility, and significant corporate events. Following is a comprehensive overview of the day’s leading market, sector, and global stories.
Global & Commodity Overview
- Crude Oil: WTI was around $76.44 per barrel, witnessing divergent global demand sentiment.
- Rupee: Mild depreciation witnessed, as USD/INR traded at 86.55.
- Gold & Silver: Precious metals recovered. Gold reached ₹99,200 and silver reached ₹1,08,200 per kg, evidencing safe-haven buying.
- Base Metals: Bearish sentiment dominated on LME owing to weak Chinese demand and economic uncertainty.
Domestic Policy & Trade Highlights
- Anti-Dumping Inquiry: The Directorate General of Trade Remedies (DGTR) has opened an anti-dumping investigation against European Union exports of ‘PNT Para Nitro Toluene’. The likely gainers are Aarti Industries and Deepak Nitrite, both of which are large domestic players.
- IRDAI Action: The insurance regulator is investigating five private insurers due to higher premium charges and rejected claims. Tightening of regulations would bring short-term volatility in insurance stocks.
HDB Financial & Kalpataru Projects IPO Watch
HDB Financial Services IPO (June 25–27):
- Issue Size: ₹12,500 crore (₹10,000 Cr OFS + ₹2,500 Cr Fresh Issue)
- Company Overview: Branch-based retail-focused NBFC with 1,772 branches in 1,162 cities.
- FY24 Performance: PAT ₹2,460.84 Cr | Revenue ₹14,171.12 Cr
- Model: Strong Phygital + BPO services unit.
Kalpataru Projects IPO (June 24–26):
- Price Band: ₹387–₹414 | Lot Size: 36 Shares
- Issue Size: ₹1,590 crore (100% fresh issue)
- Use of Funds: Repayment of debt & expansion
- Whereabouts: Mumbai, Panvel, Indore, Hyderabad, Jodhpur, Bengaluru.
Stock Market Action: Profit Booking Dominates
- Pressure Sectors: Midcap, Smallcap, Realty, IT, Banking, and Metals witnessed high profit booking.
- Auto Sector: Witnessed marginal accumulation in the background of EV hype and model launches.
Corporate & Market movers
- Siemens Energy: List strongly on BSE at ₹2,850 and NSE at ₹2,840. Will continue to be in T2T group for 10 days post listing.
- Hero MotoCorp: Rolls out VIDA VX2, an EV model with battery subscription plan.
- ESAF Bank: To offload ₹735 Cr loan book to ARC for ₹362.4 Cr.
- SBI: Sells Jio Payments Bank stake for ₹104 Cr.
- MedPlus: Its Karnataka, Telangana & Tamil Nadu licenses suspended.
- Zydus Life: USFDA finds 2 irregularities at its Ahmedabad facility.
- Inox Green: Promoters sell 30,000 shares.
- ABBOTT & MSD: Strategic partnership to co-promote diabetes products in India.
- Tata Elxsi & Infineon: MOU signed for EV solutions in India.
International Insights
- US Fed: Kept rates steady at 4.25–4.50%, but reaffirmed 2 additional rate cuts in the pipeline in FY25.
- US Indices: Dow Jones, S&P were weak; NASDAQ weakly positive.
- President Trump: Desires to evaluate Tariff impact on inflation, which is targeted at 3.1% while GDP growth forecast is a weak 1.4%.
Other Key Developments
- Garware Technicals: Opens Norway branch.
- VMM (Vishal Mega Mart): To be included in FTSE Global Midcap Index from June 20.
- MTAR: Signs 10-year ₹90 Cr deal with Weatherford, from FY27.
- Ashok Buildcon:
- Wins Maharashtra Intelligent Traffic Mgmt project.
- Becomes L1 bidder for $6.7M Guyana project.
- Choice International: Buys 50% stake in its arm for ₹62.5 Cr.
- Birla Tyres: Rebrands as Himadri Chemicals Consortium.
- LTI Mindtree: Launches AI-based BlueVerse business unit.
- ADA (Aeronautical Dev. Agency): Issues EOI for India’s 5th Gen Jet Fighter (AMCA).
- HCL Tech: Forms tie-up with Just Energy for AI-led transformation.
- Purvankara: Wins ₹272 Cr realty project from TRU Dwelling.
Conclusion
June 19, 2025, was full of macroeconomic cues, IPO frenzy, sector-specific turnover, and corporate one-upmanship. With rate decisions, trade investigations, and IPOs hanging fire, the market is set for selective re-allocation and high stock-specific turnover.
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