On Monday, June 30 — the last day of the first half of FY25 — the Nifty 50 and Sensex are likely to witness a dull start. But as the day progresses, window dressing could take centre stage.
Window dressing is a common practice where fund managers reshuffle their portfolios—to make their holdings appear more attractive in quarterly reports. Sometimes, this end-of-quarter activity can create short-term buying pressure, subtly propping up stock prices and enhancing the portfolio's perceived value.
As of 7:15 AM, the GIFT Nifty was trading near the 25,768 mark, down by 11 points from its previous close.
Asian markets are mostly trading positive on Monday, following a strong performance by U.S. equities last week, where all three major Wall Street indices ended with gains.
In the coming days, market sentiment will likely be influenced by several key factors such as updates on U.S. tariffs and trade negotiations, geopolitical developments in the Israel-Iran conflict, movements of foreign institutional investors, fluctuations in crude oil prices, and major global and domestic macroeconomic indicators.
The IPO market is buzzing with excitement as the primary market gears up for a packed week ahead. With seven fresh IPOs opening for subscription and nineteen listings lined up, investor interest is expected to remain high.
Crizac Ltd and Travel Food Services IPOs will open in the mainboard segment, while SME IPOs from Silky Overseas, Pushpa Jewellers, Cedaar Textile, Marc Loire, and Vandan Foods will also launch.
Listing activity is strong, with IPOs like Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, and others set to debut on exchanges from July 1 to July 4.
Notable listings expected this week include HDB Financial, Sambhv Steel Tubes, and Adcounty Media.
Regarding institutional flow, the FIIs in Indian equities turned net buyers in the last 2 trading sessions, and DIIs turned out as net sellers for the last 2 trading sessions.
On Friday, June 27, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹1,397.02 crore. Domestic Institutional Investors (DIIs), on the other hand, sold shares totalling ₹588.93 crore during the same session.
Indian stock markets closed on a positive note for the fourth straight session on Friday, with the Nifty 50 breaching the 25,600 mark. The Sensex climbed 303.03 points (0.36%) to finish at 84,058.90, while the Nifty 50 advanced by 88.80 points (0.35%) to settle at 25,637.80.
Asian stock markets saw a positive start to the week on Monday as investors focused on trade negotiation updates and key regional economic indicators. Japan’s Nikkei 225 climbed 1.68%, with the broader Topix rising by 0.96%. In South Korea, the Kospi edged up by 0.85%, while the Kosdaq remained flat.
Japan’s industrial production increased modestly in May, falling short of market expectations. Factory output rose by 0.5% compared to the previous month, significantly below the projected 3.5% gain. Looking ahead, manufacturers anticipate a 0.3% rise in production for June, followed by a 0.7% decline in July, based on seasonally adjusted estimates.
U.S. markets wrapped up Friday on a strong note, with the S&P 500 and Nasdaq ending at record highs. The Dow Jones Industrial Average climbed 432.43 points, or 1%, finishing at 43,819.27. The S&P 500 advanced 32.05 points to close at 6,173.07, up 0.52%, while the Nasdaq Composite added 105.55 points, also gaining 0.52%, to settle at 20,273.46. All three major indices registered gains for the week.
The Personal Consumption Expenditures (PCE) Price Index in the US rose by 0.1% in May, mirroring April’s increase. On a year-over-year basis, PCE inflation stood at 2.3% in May, slightly above the 2.2% recorded in April.
US Treasury Secretary Scott Bessent announced progress in trade discussions with China, particularly regarding rare earth elements and magnets. He also noted that the US is nearing completion of trade agreements with 18 key partners, aiming to finalise them by Labor Day, which falls on September 1.
In May, US consumer spending showed a surprise decline of 0.1%, following a 0.2% increase in April.
Crude oil prices declined as geopolitical tensions in the Middle East showed signs of easing and markets anticipated a possible increase in OPEC production next month. Brent crude slipped by 0.97% to settle at $67.11 per barrel, while US WTI crude saw a larger drop of 1.31%, closing at $64.66 per barrel.
Gold prices slid to their lowest level in over a month as improving US-China trade relations reduced the appeal of safe-haven assets. Spot gold dipped 0.3% to $3,264.64 an ounce, marking its weakest point since May 29.
Disclaimer: The article is for informational purposes only and not investment advice.
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