- NIFTY OUTLOOK: CMP 25104.25
- 11th June 2025
- Dear Friends,
- As discussed yesterday, market behaviour remained on expected lines. Nifty opened positive above 25170 but failed to sustain at higher levels, slipped to the day’s low, and finally settled at 25104.25.
- Two consecutive failed attempts by bulls to break out of the trading range suggest bears may take control if Nifty decisively breaks below 25045. A breakdown may drag it to 24985–24923. If supply pressure intensifies, it could test 24866.
- However, the flat closing indicates that near-term sentiment remains positive. A successful move above 25170 could lead to a rally towards 25229–25283, with a further upside potential to test 25343.
- Bank Nifty OUTLOOK:
- SPOT: 56629.10 PCR: 0.94 Max CE OI: 56000 Max PE OI: 56000
- On 10th June 2025, Bank Nifty closed at 56629.10, down 0.37% from the previous day’s close. The index moved 451.25 points during the session, making a high of 57015.40 and a low of 56564.15.
- Technical View on Daily Chart:
- Resistance is seen at 57300 and support at 56200.
- A breakout above 57300 may take the index to 57900, while a break below 56200 could drag it down to 55800.
- The Relative Strength Index (RSI) is at 66; below 30 is considered oversold, and above 70 is overbought.
- Bank Nifty Day SMA Analysis:
- Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
- No candlestick pattern was identified.
- Macros
- 1.Dollar index @ 99.035
- 2.Vix @ 16.87
- 3.Cruce @ 67.18
- 4.US 10 years bond yield @ 4.473
- Note: The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage points to 2.3%, citing higher tariffs and rising uncertainty as significant headwinds for almost all economies.
- In its Global Economic Prospects report, the bank cut growth projections for nearly 70% of economies — including the U.S., China, and Europe — compared to its previous estimates made six months ago, prior to U.S. President Donald Trump taking office.
- Although it stopped short of predicting a recession, the World Bank stated that global growth this year would be the weakest outside of a recession since 2008. By 2027, average global GDP growth is expected to slow to 2.5%, the lowest pace for any decade since the 1960s.
- On the contrary, while the global outlook dims, the bank cut India’s growth forecast by just 0.2%, and remains optimistic for FY26 and FY27, projecting growth of 6.5% and 6.7%, respectively, driven by strong services exports.
- India is in a sweet spot — the global slowdown, especially in emerging markets, could become an opportunity for Indian corporates. FII and hot money flows may increase.
- As per SEBI data, Indian institutions (mutual funds, insurance, PMS) now manage assets worth over Rs. 7,20,000 cr. SIP inflows have consistently crossed Rs. 26,000 cr per month for the last six months. Moreover, more capital has flowed into mid and small caps than large caps, indicating strong retail participation through SIPs, PMS, and other instruments.
- Advice: Don’t invest for small gains. Think long-term. Stay invested with a bigger vision.
- Contributed by
- Ashok bhandari : INH000019549
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- NCL INDUSTRIES : PROMOTER SOLD 0.03 % STAKES ON 10 th JUNE VIA OPEN MARKET
- @beatthestreet10
- W. S. INDUSTRIES : PROMOTER BOUGHT 0.03 % STAKES ON 4,5 th JUNE VIA OPEN MARKET
- @beatthestreet10
- W. S. INDUSTRIES : PROMOTER BOUGHT 0.03 % STAKES ON 4,5 th JUNE VIA OPEN MARKET
- @beatthestreet10
- Business outlook for domestic orders across defence remains strong: Antique’s outlook on India defence.
- AB CAPITAL; 2.34 cr shares (0.91% eq) worth ₹568 cr change hands at ₹242.65/sh in block deal window
- @beatthestreet10
- ETERNAL; 60.93 lk shares (0.06% eq) worth ₹156 cr change hands at ₹256/sh in block deal window
- @beatthestreet10
- PAYTM, MOBIKWIK:
- Govt may reintroduce merchant charges on high-value UPI payments, mainly credit card-linked.
- Likely to open new revenue streams for PAYTM and MOBIKWIK, though it may reduce high-value transaction volumes.
- Net impact: Mixed to positive as monetization gains offset potential usage drop.
- @beatthestreet10
- PAYTM, MOBIKWIK:
- Govt may permit MDR on UPI payments above ₹3,000, shifting criteria to transaction value.
- Small-ticket UPI stays MDR-free.
- Positive for PAYTM and MOBIKWIK as it opens a new revenue stream, though users and merchants may face higher costs on large payments.
- @beatthestreet10
- AUTO ; China is open to Indian auto component makers securing a licence to access rare earth materials ; NDTV REPORT
- @beatthestreet10
- ALLIED BLENDERS & DISTILLERS: CO. ACQUIRES UTO ASIA FOR EURO 1.225M ΤΟ GAIN WORLDWIDE RIGHTS OF ‘MANSION HOUSE’ & ‘SAVOY CLUB’ BRANDS
- DEFENCE STOCKS:
- India sets ₹3 lakh crore defence export target by 2029, boosting ‘Make in India’ momentum.
- Positive for listed defence firms like BEL, HAL, Bharat Dynamics, and MSMEs.
- Rising exports to 92 countries reflect global trust and strong growth potential for the sector.
- @beatthestreet10
- UNITED SPIRITS FALL 5 % AFTER MAHARASHTRA HIKES EXCISE FEES
- @beatthestreet10
- Allied Blenders acquires global rights to Mansion House brand
- – ABD acquires 100% stake in Singapore-based UTO Asia Pte. Ltd.
- – Deal value: €1.225 million (~₹11 crore)
- – Gains global rights to ‘Mansion House’ & ‘Savoy Club’ (excl. 9 Asian countries)
- – UTO Asia becomes a wholly-owned subsidiary of ABD
- MTNL:
- Govt to review MTNL revival plan as loan defaults exceed ₹8,300 crore.
- Cabinet Secretary to lead discussions focused on asset monetization and restructuring.
- Short-term relief expected; long-term goal is loss reduction.
- Net impact: Neutral-to-positive if revival strategy gains traction.
- @beatthestreet10
- GM BREWERIES; GM Breweries up nearly 14% after Maha introduces new category of Maharashtra Made Liquor (MML) for excise duty
- @beatthestreet10
- HAL:
- HAL’s Prachand and Dhruv helicopters cleared for flight after safety probe.
- Grounding lifted post-accident; investigation addressed key concerns.
- Resumption expected to restore delivery timelines and boost sentiment.
- Net impact: Positive for HAL on operational and investor confidence fronts.
- @beatthestreet10
- LIQUOR STOCKS:
- Elara Sec says Maharashtra’s record excise duty hike since 2011 may hurt volume offtake.
- Luxury segment likely to see downtrading as consumers shift from BIO, BII, luxury to upper prestige.
- Net impact: Negative for premium liquor brands with significant exposure to Maharashtra.
- @beatthestreet10
- UNITED SPIRITS:
- Elara Sec flags impact on USL as Maharashtra excise duty hike hits low prestige and luxury segments.
- Maharashtra contributes 22–23% of USL’s sales.
- A 20% drop in state revenue may dent overall revenue by 3–4% and profitability by 7–8%.
- Negative outlook.
- @beatthestreet10
- NCLT approves merger of Inox Wind Energy into Inox Wind Limited, consolidating wind energy businesses.
- @beatthestreet10
- NCLT approves merger of IWEL into IWL; liabilities reduce by ~Rs 2,050 cr, enhancing financial strength.
- @beatthestreet10
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June 11, 2025
June 11, 2025
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