Tata Motors Dips, Sterlite Soars, HDFC Bank Gains on Optimism
Written by - Fisdom Research
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June 16, 2025
2 minutes
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Market Snapshot
Indian benchmark indices opened the week higher, ending a two-day losing streak with Nifty closing at 24,950, supported by broad-based buying despite mixed global cues and Middle East tensions.
Broader markets recovered from intraday lows, with the BSE Midcap index up 0.9% and the Smallcap index gaining 0.4%.
All sectoral indices closed in the green, with banking, FMCG, capital goods, consumer durables, IT, metal, realty, and oil & gas rising between 0.5% and 1%.
Wholesale inflation eased to a 14-month low of 0.39% in May, down from 0.85% in April, marking the third consecutive monthly decline.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL IT & TELECOM
1.7
NIFTY METAL
1.1
NIFTY IT
1.6
NIFTY FINANCIAL SERVICES EX-BANK
1.0
NIFTY REALTY
1.3
NIFTY PRIVATE BANK
0.9
NIFTY OIL & GAS
1.1
NIFTY MIDSMALL FINANCIAL SERVICES
0.9
Top News
Tata Motors: Shares fell up to 5% after JLR warned of near-zero free cash flow in FY26 due to macro risks, despite sticking to investment plans and aiming for 5–7% EBIT margins.
Sterlite Tech: Stock surged 20% after announcing AI-focused data centre expansion and next-gen connectivity solutions, citing strong growth projections for the $517 billion global market by 2030.
HDFC Bank: Shares rose over 1% as Jefferies reiterated its bullish view, driven by optimism around HDB Financial’s potential IPO and expectations of credit growth in FY26.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
2.5
TATAMOTORS
-3.8
HDFCLIFE
2.3
DRREDDY
-0.9
SBILIFE
2.3
SUNPHARMA
-0.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,700
25,200
Bank Nifty
55,500
56,500
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Market Snapshot
