Pre-Market Analysis Report – 17th June 2025
Prepared by: Senior Research Analyst | Equity Strategy Desk
Global Cues: Risk Appetite Returns on Wall Street Lead
The U.S. markets closed higher on Monday, buoyed by easing inflation expectations and optimism surrounding upcoming Fed rate cuts. The Dow Jones Industrial Average gained 0.49%, while the Nasdaq Composite rose 0.83%, supported by gains in tech majors like Nvidia, Microsoft, and Tesla.
US 10-year bond yield softened slightly to 4.22%, indicating mild risk-on sentiment.
Dollar Index (DXY) stayed stable around 104.80, reflecting muted volatility.
Crude Oil (Brent) hovered near $84.10/bbl, with geopolitical tensions in the Middle East and summer demand projections providing support.
Asian Markets: Cautious Optimism Ahead of Central Bank Meets
Nikkei 225 traded mildly higher (+0.2%) as Japan’s exporters gained from a weak yen.
Hang Seng opened flat amid regulatory concerns in China, though tech stocks showed signs of bottoming out.
SGX Nifty was trading near 23,500, indicating a mildly positive start for Indian markets.
Domestic Setup: Nifty & Sensex Eye New Highs; Bulls in Control
On 14th June (Friday), Indian benchmarks hit new lifetime highs:
Nifty 50 closed at 23,465.60 (+0.51%)
Sensex closed at 77,209.90 (+0.44%)
Bank Nifty showed strong catch-up rally, ending at 51,212.35 (+1.01%)
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FIIs continued their net buying spree, with inflows of ₹2,587 crore on Friday, while DIIs sold ₹1,006 crore.
This reflects renewed global faith in Indian macros post-election clarity and expectations of continuity in policy.
Key Drivers to Watch Today (17th June 2025)
| Factor | Impact | Details |
|---|---|---|
| Monsoon Progress | ⬆️ Positive | IMD reports above-normal rainfall in Central India; agri sentiment improves |
| US Fed Commentary | ⬆️ Positive | Dovish tones from officials ahead of next FOMC; rate cut expected in Sept |
| Crude Oil Prices | ⬇️ Neutral to Negative | Brent at $84+ may put pressure on OMCs and inflation outlook |
| Rupee Movement | ⬆️ Stable | INR at 83.45 vs USD; RBI seen intervening to curb volatility |
| Corporate Announcements | ⬆️ Stock Specific | Mid-tier IT, auto ancillaries, and FMCG stocks in focus as earnings season nears |
Sectoral Outlook – 17th June 2025
| Sector | View | Commentary |
|---|---|---|
| Banking | ✅ Positive | NPA cycle remains benign; credit growth at 14% YoY |
| FMCG | ⚠️ Cautiously Optimistic | Monsoon progress supportive; input cost inflation to be tracked |
| IT Services | 🔁 Mixed | Recovery in U.S. client budgets; Tier-2 IT stocks more attractive |
| Auto | ✅ Positive | Festive pre-bookings robust; EV & CV segments strong |
| Capital Goods | ✅ Bullish | Government infra push post-election; Siemens, L&T in spotlight |
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Stock-Specific Buzz – Stocks to Watch Today
| Stock | Action/Trigger | Sentiment |
|---|---|---|
| L&T | Order inflow from MEA worth ₹2,500 Cr | ✅ Positive |
| IRCTC | Rail travel surge reports, AI project tie-up | ✅ Positive |
| Zomato / Swiggy | Govt e-commerce regulation review | ⚠️ Cautious |
| ONGC & OIL | Crude near $84 – margin expansion | ✅ Bullish |
| Tata Motors | June EV sales expected to double YoY | ✅ Positive |
Technical Setup – Nifty, Bank Nifty & Key Levels
Nifty 50 Technicals:
Resistance: 23,550 – 23,700
Support: 23,250 – 23,100
RSI: 74 (Overbought, but momentum intact)
Pattern: Flag formation breakout on daily charts; next leg targets 23,800+
Bank Nifty Outlook:
Resistance: 51,500
Support: 50,800
Fresh buying seen in ICICI Bank, Axis, and HDFC Bank
PSU Banks continue to outperform – BoB and Canara Bank look strong
IPO Corner & Fund Flow Watch
Akme Fintrade IPO opens today; SME NBFC backed by marquee investors
Grey Market Premium (GMP) seen around ₹50 over issue price
Expect strong retail participation due to NBFC tailwinds
FII Activity (June MTD):
Net Buy: ₹11,500 Cr
Trend: Continuous buying in large caps, especially financials and defensives
Today’s Strategy:
✅ Positional Traders:
Focus on defensive large caps (ITC, HUL, HDFC Life)
Add select PSU banks on dips
⚠️ Short-Term Traders:
Monitor profit booking near Nifty 23,600 zone
Avoid leveraged trades in small caps with weak volumes
📈 Swing Picks:
ABB India, NHPC, Hindustan Aeronautics, Polycab – showing strong accumulation with volume breakout
Conclusion:
Markets are currently in momentum-led bullish phase, underpinned by political stability, monsoon optimism, and healthy institutional flows. Nifty may consolidate near all-time highs with stock-specific action dominating the session. Traders should maintain strict stop-loss discipline as overbought conditions persist, while investors can accumulate quality names during dips.
Pre-Market Analysis: Nifty Outlook, Global Trends, Sector Insights (16 June 2025)