CLOSING BELL — REVIEW & PREVIEW @ 4PM Thursday, June 18th 2025

Nifty ends lower in a choppy and volatile trade as sentiments dampened amidst escalating Middle East conflicts.

We suspect, Nifty bears are likely to be everywhere on fears that the US could strike Iran.

NIFTY (-19, 24793)

Sensex (-83, 81362)

Bank Nifty (-251, 55577)

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# TODAY’S MARKET RE-CAP:

1) Nifty ends lower for 3rd straight day. Caution/Pessimism continued to be the buzzword.

2) Bank Nifty too received drubbing and most importantly, ended on a jittery note, down 0.45%.

3) The market breadth (14:36) was in Favor of bears, indicating bearish sentiments and return of risk.

4) The Nifty Mid-cap (-1.79%) and Nifty Small-cap (-2.18%) indices dropped joining the conga-line of falling sectorial indices.

3) The Iran-Israel conflict has entered its seventh day.

4) Trump approves Iran attack plan but has not made final decision. (BBC report)

5) Iran's Supreme Leader Ayatollah Ali Khamenei has rejected Trump's demand for unconditional surrender.

6) Oil prices have risen towards $75.50 a barrel and is seen keeping investors guessing about a potential escalation that could disrupt energy flows and vital trade routes.

A key concern is potential disruption to the Strait of Hormuz, a critical chokepoint through which about 18–19 million barrels per day, or roughly 20% of global oil trade.

7) Gold prices are trading firm near $3,375 per ounce, supported by its safe-haven appeal amid persistent geopolitical tensions.

8) Meanwhile, US equity markets will remain closed on Thursday on account of Juneteenth Day.

9) Overnight, Fed held interest rates for fourth time despite tariff turmoil

As widely expected, lower interest rates did not come for President Donald Trump, who’s been slamming Federal Reserve Chairman Jerome Powell for deep rate cut.

Trump maintains that lower interest rates are crucial to keep the U.S. economy from sliding into recession, or worse, stagflation.

# Long Story Short: Bears in control. Aggressive downside risk on Nifty is seen at its 200-DMA at 24078 mark.

Caution shall continue to be the buzzword.

# TECHNICAL OVERVIEW:

A peculiar bearish candle is being witnessed on the daily charts of benchmark Nifty, indicating bears are here to stay.

Technically, Nifty bulls are likely to be at bay as long as 25222 mark is a hurdle.

The biggest support for Friday’s trade is seen at 24473 (low as on June 13th) and then downside risk seen at seen at 23935 mark (low as on May 9th).

# SECTOR GAINERS:
NIFTY AUTO (+0.52%)

# SECTORS LOSERS:
NIFTY PSUBANKS (-2.04%)
NIFTY MEDIA (-1.91%)
NIFTY REALTY (-1.60%)

# Adv-Dec 21—29
# INDIA VIX 14.25 (-0.21%)
# NIFTY PCR (26th June) 0.92
# USD/INR Futures (June) (86.76)

# BULLS OF THE DAY:
TATACONSUM (+2.14%)
EICHERMOT (+1.71%)
M&M (+1.58%)
WIPRO (+1.30%)
DRREDDY (+1.27%)

# BEARS OF THE DAY:
ADANIPORTS (-2.52%)
BAJFINANCE (-2.29%)
SHRIRAMFIN (-2.08%)
TECHM (-1.91%)
ADANIENT (-1.83%) (Source NSSEINDIA.com)

STOCKS ON THE MOVE:

1) Tata Elxsi plunged 3.6% after the company announced that it has signed a memorandum of understanding (MoU) with Infineon Technologies to jointly develop application-ready EV solutions tailored to the Indian market.

2) Marksans Pharma fell 0.87% despite announcing that its wholly owned subsidiary Relonchem has received marketing authorization for the product Oxybutynin hydrochloride Oral Solution from UK Medicines & Healthcare Products Regulatory Agency (UKMHRA).

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