POST-MARKET SUMMARY 18th June 2025
On June 18, in yet another volatile session, benchmark indices ended lower for the second consecutive day as investors remained cautious ahead of the US Federal Reserve's announcement later tonight, coupled with ongoing tensions in the Middle East. The day started flat, with the Nifty initially edging higher, but the momentum couldn’t be sustained, primarily due to pressure from heavyweight stocks.
Most sectoral indices ended in the red, with Nifty Media, IT and Metal facing significant losses of 1.27%, 0.83% and 0.72%, respectively. However, there were some pockets of positive movement, as Nifty Consumer Durables gained 0.79%, while Nifty Bank, Private Bank and Auto rose by 0.21%, 0.39% and 0.37%, respectively.
NIFTY: The index opened 65 points lower at 24,788 and made a high of 24,947 before closing at 24,812. Nifty has formed a small bullish candle with a long upper shadow on the daily chart. Its immediate resistance level is now placed at 24,850 while its immediate support is at 24,750.
BANK NIFTY: The index opened 170 points lower at 55,544 and closed at 55,828. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 56,000 while immediate support is around 55,600.
Stocks in Spotlight
▪ Avenue Supermarts: Stock surged over 4% after the company announced the opening of a new store in Agra, marking its first major expansion in Uttar Pradesh since Ghaziabad.
▪ Hindustan Zinc: Stock plunged nearly 7% following Vedanta's sale of a 1.71% stake in the company, valued at Rs 3,323 crore, via block deals.
▪ Delhivery: Stock rose almost 2% after the company sought approval from the Competition Commission of India for its Rs 1,407 crore acquisition of a stake in Ecom Express.
Global News
▪ Asian and European markets showed mixed performance on Wednesday, as investors awaited the U.S. Federal Reserve's monetary policy decision, while ongoing tensions in the Middle East kept sentiment cautious.
▪ Oil prices stabilized on Wednesday, following a 4% surge in the previous session, as markets assessed the potential for supply disruptions due to the Iran-Israel conflict and the possibility of direct U.S. involvement.
▪ Gold prices dipped slightly on Wednesday, with investors refraining from making significant moves ahead of the Federal Reserve's policy announcement, while closely monitoring developments in the Israel-Iran conflict.
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