23 June 2025 was a historic day for the Indian markets as a string of corporate events, geopolitical tensions, and RBI reforms ruled the headlines. Here is a detailed wrap-up seizing every key move that impacted the market.
Global & Macro Update
- Crude prices went up to $81.40 a barrel, with the U.S. military attacking Iran’s Fordow, Natanz, and Isfahan nuclear facilities. It is a significant geopolitical event that can push energy import costs.
- The US Dollar Index was at 99.00, and USD/INR at approximately ₹86.73.
- The U.S. 10-Year bond yield remained unchanged at 4.39%, while India VIX closed at approximately 14.41, indicating moderate volatility.
- Gold and Silver were at ₹99,100 and ₹1,06,600 respectively.
- Base metals saw copper and zinc in bullish trend.
FII & DII Activity
- Foreign Institutional Investors (FIIs) were net buyers with ₹7,941 crore, a sign of renewed optimism.
- Domestic Institutional Investors (DIIs) sold equities worth ₹3,050 crore, reducing gains.
Regulatory & Banking Highlights
- RBI eased Priority Sector Lending (PSL) guidelines, lowering the special component to 20% from 35%, to Small Finance Banks such as Equitas, Jana, Ujjivan, ESAF, and Suryoday.
- HDFC Bank to conduct Annual General Meeting (AGM) on August 8, 2025.
- IndusInd Bank opened 5 of its premium “Pioneer” brands.
- BSE and NSE announced re-jig in Nifty 50, replacing IndusInd Bank and Hero MotoCorp with BSE and IndiGo.
IPO & Fundraising Buzz
- Tata Capital filed its ₹17,200 crore DRHP with SEBI – largest pending NBFC segment IPO.
- Fund-raising to be discussed by CEAT on June 25, 2025.
- Rights issue to finance expansion to be put up for consideration by EXICOM.
- NTPC greenlit bond sale of ₹18,000 crore.
- GAIL raised the cost of its natural gas pipeline project to ₹8,255.37 crore, with the deadline being extended to September 30, 2025.
Infrastructure & Capital Goods
- NBCC received an order for ₹227 crore from Meerut Development Authority.
- Hilton Metal Forgings finished capacity certification by RITES of Vande Bharat forged wheels.
- HG Infra received an LOI from PFC for an interstate transmission system.
Pharma, Healthcare & Diagnostics
- Dr. Reddy’s got USFDA approval for Carbidopa and Levodopa drugs.
- Granules India issued a Form 483 by the USFDA for Hyderabad API plant, mentioning inspectional differences.
- Amazon India introduced home diagnostic tests, with 800+ tests and sample collection at 60 minutes head-on to compete with Lal PathLabs, Thyrocare, and Metropolis Healthcare.
Hotels, Real Estate & Lifestyle
- Lemon Tree Hotels entered into a management deal of a Carnation brand hotel in Uttar Pradesh.
- Signature Global acquired 4.15 lakh shares of Indeed Fincap.
- Rediko Khaitan introduced new Magic Moments Vodka flavors: Thandai and Alphonso Mango among youth and local flavors in Rajasthan, Uttarakhand, Assam, MP, and Goa.
⚡ Energy & Green Push
- Adani Green ordered a 5 MW Off-Grid Green Hydrogen Pilot Plant and traded 21.2 lakh ARDOUR shares for warrants at ₹1,470.75.
- Waaree Renewables received an order of ₹247 crore, which placed its EPC order book at ₹1,480 crore.
- ONGC Videsh (OVL) fund raising with support of a $412 million corporate guaranty by IFCL.
Technology & Digital News
- TCS grew with 2 new car delivery locations in Germany and 1 engineering facility in Romania.
- Datamatix bought 20% holding in Dextara Digital for ₹33 crore.
- IDEAFORJ Tech won a ₹137 crore UAV order.
- Coforge partnered with Duke University’s Fuqua Business School to speed up Generative AI learning.
Industrial & Manufacturing
- Vidhi Specialty received land allocation by GIDC for its new factory.
- Servo Tech picked up 27% stake in Rhine Solar, consolidating its green energy segment.
Corporate Listings & M&A
- Aditya Birla Fashion & Retail listed after demerger at ₹167.75 (BSE) and ₹167 (NSE).
- Adani Ports to offload 49% stake in Veracity to Riddhi Infocom through Adani Logistics JV.
- RCF’s Talcher JV raised ₹233 crore unsecured loan to support project finance.
Sectoral Overview
Profit booking was witnessed in IT, Auto, FMCG, Banking, and Pharma stocks.
Upside strength continued in Defense, Capital Goods, and Metals—on account of orders and institutional buying.
Investors’ Key Takeaways
- RBI’s PSL relaxation makes small finance banks more appealing.
- Crude rally can affect inflation and auto margins.
- Near-term IPOs such as Tata Capital indicate deep institutional demand.
- Amazon’s entry into healthcare is a disruptor to watch out for.
- Geopolitical tensions have the potential to pump fresh volatility in energy and currency markets.
Last Word
Markets are moving into a nuanced phase – supported by capital inflows and sectoral overhauls, but tested by global geopolitical tailwinds. There will be a need for investors to remain cautious around defense, renewables, pharma, and PSL-driven banking stocks.
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