The markets opened mixed today, with Nifty starting at 24,977.85, up 0.13% from its previous close of 24,946.50, and Bank Nifty opening slightly higher at 55,975, reflecting a 0.05% gain from 55,944. Yesterday’s Sensex closed at 81,796 and opened slightly higher today at 81,869, indicating a modest gap-up opening.
As of the latest update on June 16 at 5:15:59 PM ET, the U.S. stock markets showed positive momentum across major indices:
- Dow Index is trading at 42,515.09, up by 317.30 points or 0.75%.
- S&P 500 Index stands at 6,033.11, reflecting a gain of 56.14 points or 0.94%.
- NASDAQ Index is leading the surge with a significant rise of 294.39 points, bringing it to 19,701.21, an increase of 1.52%.
These numbers indicate a strong market open with all major indices in the green, suggesting investor optimism and robust trading activity to start the session.
Stocks to Watch
- Vishal Mega Mart: Promoter entity Samayat Services is expected to offload shares worth up to ₹9,896 crore through block deals, significantly increasing the deal size from the earlier ₹5,057 crore. The floor price for the sale has been set at ₹110 per share.
- Zee Entertainment: The company aims to raise ₹2,237.44 crore through investments from promoter group entities. This move will boost the promoter’s shareholding to 18.4%.
- NTPC: The board of NTPC will convene on Saturday, June 21, 2025, to discuss the proposal for issuing bonds or non-convertible debentures (NCDs) worth up to ₹18,000 crore.
- Tanla Platforms: The board has given the green light for a share buyback of up to 20 lakh shares, which is around 1.49% of the company’s total equity. The buyback price has been fixed at ₹875 per share.
- Asian Paints: On Monday, Reliance Industries Limited (RIL) sold 8.5 million shares of Asian Paints at ₹2,207 apiece via open market transactions. ICICI Prudential Mutual Fund purchased the same number of shares at the same price. This follows RIL’s previous sale of a 3.64% stake (35 million shares) in Asian Paints on Thursday.
Stock Recommendations
- Shree Cements: ICICI Securities has issued a ‘Buy’ rating with a target price of ₹35,330. The brokerage notes that the company is focusing on value rather than volume, expecting only moderate growth in output but targeting improved EBITDA per tonne.
- Tata Steel: JM Financial has also given a ‘Buy’ recommendation for Tata Steel, with a price target of ₹180.
- NTPC: Axis Direct recommends to buy shares of NTPC currently trading at 333.70, they have set a target price of Rs. 365.00 which is over 10% of upside move.
Global events
- Prime Minister Narendra Modi landed at the Calgary International Airport in Canada on Tuesday to attend the G7 Summit that is taking place at the nearby Kananaskis village in Alberta.
- Iran launched a fresh wave of missile and drone attacks on Israel as the conflict entered its fifth consecutive day today, fuelling fears of a drawn-out conflict that could engulf the Middle East.
- French President Emmanuel Macron said on Monday that U.S. President Donald Trump had made an offer for a ceasefire between Israel and Iran.
Commodities Update
- Gold: Currently trading at ₹10,037 per gram.
- Silver: Down by ₹0.10, now at ₹109.80 per gram.
- Crude Oil: Prices have risen by 1.33%, reaching ₹73.40 compared to the previous close of ₹72.44.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
About: Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its SEBI-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
