Global Market Cues

Global markets displayed a largely positive sentiment heading into Monday, June 30, 2025. US stock markets closed Friday, June 27, at or near all-time highs, with the S&P 500 rising 0.5% to 6,173.07, the Nasdaq composite gaining 0.5% to 20,273.46, and the Dow Jones Industrial Average increasing 1% to 43,819.27. This strong performance was attributed to easing geopolitical tensions, particularly the Israel-Iran ceasefire, and optimism surrounding progress in US-China trade talks and the resumption of US-Canada trade discussions. US financial futures were also pointing to a cautiously optimistic or modestly positive start for Monday.

In Europe, major indices closed higher on Friday. The CAC 40 gained 1.25%, the DAX rose 0.65%, the FTSE 100 was up 0.50%, and the STOXX 50 saw a 0.85% increase. This uplift was supported by lower-than-expected German inflation figures. Asian markets showed a mixed but generally positive trend in early Monday trade. Japan's Nikkei 225 climbed 0.8% to 40,487.39, while the Shanghai Composite advanced 0.6%. South Korea's Kospi also edged up between 0.63% and 0.85%. However, Hong Kong's Hang Seng saw a slight loss of 0.3%.

Crude oil futures traded lower on Monday morning as the Israel-Iran ceasefire continued to hold, easing concerns about supply disruptions.

GIFT Nifty and Domestic Cues

Early indications from GIFT Nifty futures suggested a mildly positive opening for the Indian market. GIFT Nifty was trading around 25,765 to 25,770 in the early hours, approximately 20-30 points higher than the Nifty futures' previous close. However, as the Indian market opened, this early positivity did not fully translate. The Sensex opened slightly lower at 84,027.33 compared to its previous close of 84,058.90, and the Nifty opened at 25,661.65 against its prior close of 25,637.80. By 9:50 AM, the Nifty had eased further to 25,572.80, down 65 points or 0.25%, and the Sensex dropped to 83,814.79, down 244.11 points or 0.29%. This indicates a subdued to slightly negative start for the Indian benchmarks, primarily due to profit-taking in financial and auto stocks, despite supportive global cues.

Domestic Institutional Investors (DIIs) have continued to show strong support for the market, with net inflows exceeding ₹69,765 crore in June so far, potentially providing a cushion against volatility. Foreign Institutional Investors (FIIs) have shown a mixed trend but remain net buyers for the month.

Key Stocks in Focus

Several stocks are expected to be in focus today due to recent developments:

• Torrent Pharmaceuticals: The company's board is scheduled to meet on July 2 to discuss fundraising through non-convertible debentures (NCDs) via private placement. The stock rose 2% after announcing plans to acquire a 46.4% stake in JB Chemicals.
• BHEL: The company has secured a significant ₹7,000 crore order for NTPC's Talcher thermal power project.
• HAL: The public sector undertaking has entered a contract for the supply of 34 additional Advanced Light Helicopters (ALHs) to the Indian Army.
• JB Chemicals: The stock dropped 6.8% following the news of Torrent Pharma's acquisition plan.
• Sigachi Industries: Shares slumped 11.5% after an explosion at its Hyderabad unit resulted in fatalities and injuries.
• Jyoti CNC Automation: Expected to attract attention after bagging new orders from aerospace and defence customers.
• Amber Enterprises Ltd, NLC Ltd., Suzlon Energy Ltd., and Tanla Platforms Ltd.: These companies are likely to be in focus following significant business-related news over the weekend.
• Karnataka Bank: Shares plummeted over 7% after the resignations of its MD & CEO and Executive Director.
• Raymond Realty: Shares of the real estate business, spun off from Raymond Ltd, are set to list on the stock exchanges tomorrow, July 1, 2025.

Key Events to Watch Today

Investors will be closely monitoring several key factors and events throughout the day:

• Geopolitical Developments: Ongoing updates on US tariffs and trade negotiations, as well as the Israel-Iran conflict.
• Fund Flows: The movements of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will be crucial for market direction.
• Crude Oil Prices: Fluctuations in global crude oil prices will continue to influence market sentiment.
• Macroeconomic Data: Market participants will watch for any new macroeconomic data, particularly from the US, including consumer spending, inflation (PCE figures), and consumer sentiment.
• IPO Activity: The IPO of Moving Media Entertainment Limited closes today.
• Index Rebalancing: The impact of recent index adjustments, effective from June 27, 2025, will continue to be observed.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update