CLOSING BELL —— REVIEW & PREVIEW @4PM —— Monday, June 23rd 2025*

Nifty starts the week on the back foot after US hits Iran over the weekend.

NIFTY (-141, 24972)
Sensex (-511, 81897)
Bank Nifty (-194, 56059)

# THEME OF THE DAY:

1) Deepening Middle East conflict brings back the bear to Dalal Street.

2) But the positive takeaway was that Nifty bulls were seen regrouping at lower levels as WTI Oil turned lower towards $73.25 a barrel.

The Big question: Downside cushioned?

3) Stock markets across globe were seen awaiting Iran's next move after the U.S. bombed Iran's nuclear sites over the weekend.

4) The biggest concern for our stock markets: Iranian parliament recommends Strait of Hormuz closure.

5) Well, amidst this backdrop, WTI Oil prices could spike towards $100 a barrel, the Indian Rupee could simply plunge and the CPI inflation in India could simply spike.

6) Honestly speaking, Iran is unlikely to gain much from the closure of Strait of Hormuz closure than it is likely to benefit from keeping it open.

7) Our call of the day suggests and is hopeful that Iran will consider diplomacy.

8) Gold prices were seen trading subdued near the $3,366 per ounce, flirting with its one-week low, and most importantly, amidst hope of easing Middle East tensions.

9) Meanwhile, Fed Governor Christopher Waller, whose name is in the running to replace Fed Chair Jerome Powell, said rate cuts could come as soon as the central bank's July meeting.

# Long Story Short: It appears, choppy waters and rough sea is likely to be the new normal and make bulls seasick —— If Iran does not gets ready for diplomacy.

# TODAY’S MARKET RE-CAP:

1) India VIX inches up to 13.97 levels.

2) The market breadth (15:35 was in clearly in favor of bears, indicating the street still apprehensive with Middle-east conflicts.

7) The Nifty Mid-cap (+0.34%) and Nifty Small-cap (+0.69%) indices managed to end above the dotted lines.

8) Among sectoral indices, maximum pain was witnessed in Nifty IT (-1.52%) followed by Nifty Auto (-0.91%) and then Nifty FMCG (-0.77%).

# Long Story Short: Amidst volatility, Nifty was seen consolidating.

# TECHNICAL OVERVIEW:

# A small bearish candle is being witnessed on the daily charts of benchmark Nifty, indicating the tug-of-war between the bulls and the bears is likely to continue.

# Technically, Aggressive upside targets now seen at Nifty’s all-time-high at 26277.35 mark provided Nifty is able to move above its biggest hurdle at 25222 mark..

Meanwhile, the biggest support for Nifty will be at 24473 (low as on June 13th) and then downside risk seen at seen at 23935 mark (low as on May 9th). The biggest support for Tuesday’s trade is placed at 24821 mark.

# SECTOR GAINERS:
NIFTY MEDIA (+4.39%)
NIFTY CONSUMER DURABLES (+0.82%)
NIFTY METAL (+0.66%)

# SECTORS LOSERS
NIFTY IT (-1.48%)
NIFTY AUTO (-0.92%)
NIFTY FMCG (-0.74%)

# Adv-Dec 15—35
# INDIA VIX 14.04 (+2.71%)
# NIFTY PCR (26th June) 0.99
# USD/INR Futures (June) (86.79)

# BULLS OF THE DAY:
TRENT (+3.57%)
BEL (+3.22%)
HINDALCO (+1.98%)
TATACONSUM (+0.96%)
BAJFINANCE (+0.88%)

# BULLS OF THE DAY:
INFY (-2.35%)
HCLTECH (-2.30%)
L&T (-2.27%)
HEROMOTOCORP (-2.10%)
M&M (-1.52%)

STOCK ALERT:

1) Equitas Small Finance BANK(+4.73%), Ujjivan Small Finance Bank (+0.17%), ESAF (+3.80%) and other small finance bank shares surge as RBI eases priority sector lending norms.

The Reserve Bank of India tweaked lending norms by reducing its mandatory priority sector lending requirement, covering areas like agriculture and small enterprises by 15 percentage points.

2) ITD Cementation India declined 1.93% despite the company announcing that it has secured two major contracts cumulatively valued at approximately Rs 960 crore, excluding GST.

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