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MobiKwik Slides on Lock-In Expiry, IT Stocks Dip Ahead of Fed Meet, M&M Gains on SML Isuzu Deal Approval
MobiKwik Slides on Lock-In Expiry, IT Stocks Dip Ahead of Fed Meet, M&M Gains on SML Isuzu Deal Approval
Written by - Fisdom Research
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June 18, 2025
2 minutes
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Market Snapshot
Benchmark indices ended lower for the second consecutive session on June 18, amid continued market volatility.
Investor sentiment remained cautious ahead of the US Federal Reserve’s policy announcement and ongoing geopolitical tensions in the Middle East.
On the sectoral front, most indices closed in the red.
IT, media, metal, oil & gas, and realty sectors declined between 0.5% to 1%.
However, select pockets like auto, private banks, and consumer durables managed to end in the green.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY CONSUMER DURABLES
0.8
NIFTY PSU BANK
-0.4
NIFTY PRIVATE BANK
0.4
NIFTY FMCG
-0.5
NIFTY AUTO
0.4
NIFTY REALTY
-0.5
NIFTY PHARMA
-0.2
NIFTY OIL & GAS
-0.5
Top News
MobiKwik Systems Ltd. fell up to 8% to Rs 247 as the six-month lock-in period for pre-IPO investors ended, with the stock now down nearly 64% from its post-listing high of Rs 698.
IT stocks like Coforge (-1.5%), TCS and Persistent (-1% each), and Infosys and Mphasis (-0.5% each) declined, dragging the Nifty IT index into the red amid profit booking ahead of the US Fed decision.
Mahindra & Mahindra gained after receiving CCI approval to acquire a 59% stake in SML Isuzu, while Delhivery also rose following CCI’s clearance for its investment in Ecom Express.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
4.7
TCS
-1.7
TITAN
2.2
ADANIPORTS
-1.6
TRENT
1.8
HINDUNILVR
-1.4
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,500
25,000
Bank Nifty
55,500
56,500
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