Indian stock market is expected to open on a muted note today, June 17, 2025, tracking mixed global cues. GIFT Nifty futures were trading around 24,976, indicating a flat start for the bourses.

Market Performance on June 16, 2025

On Monday, June 16, the Indian stock market closed sharply higher, with both the Sensex and Nifty 50 making significant gains. The Nifty 50 closed above the 24,900 level, while the Sensex surged 677.55 points, or 0.84%, to close at 81,796.15. The Nifty 50 settled 227.90 points, or 0.92%, higher at 24,946.50. This recovery followed two consecutive sessions of decline, driven by escalating tensions between Israel and Iran. Strong performances in IT and financial stocks supported the broader market recovery.

Global Market Cues

Global markets showed some stabilization following concerns about tensions in the Middle East, with oil prices falling. Investors are also awaiting the Federal Reserve's policy outcome on Wednesday for further guidance on interest rates. European markets closed higher, reflecting stable global investor sentiment. U.S. futures are also trading in the green, suggesting a healthy global risk appetite that could further support the Indian markets at the open.

Factors Influencing the Market

Several factors are expected to influence the Indian stock market today:

• Global Cues: Monitoring global market trends, including U.S. futures and Asian market performance, will be crucial.
• FII and DII Activity: On June 16, foreign institutional investors (FIIs) were net sellers, offloading stocks worth ₹2,287.69 crore, while domestic institutional investors (DIIs) bought shares worth ₹5,607.64 crore. Continued support from DIIs could offset FII selling pressure.
• Corporate Actions: Key corporate actions and developments are expected to drive investor focus.
• Geopolitical Tensions: Geopolitical developments in the Middle East are likely to influence near-term market sentiment.

Nifty 50 Outlook

The Nifty 50 witnessed a follow-through upmove on June 16, surpassing the hurdle of the recent opening downside gap area at 24,825 levels. The index is now placed in a broader high-low range of 24,500 - 25,100 levels and is currently moving up from the lower range towards the upper range area. The underlying trend of Nifty 50 continues to be positive, and after forming a short-term bottom reversal at 24,473 levels on Friday, it is expected to move towards the next hurdle of 25,100 - 25,200 levels in the next few sessions. Immediate support is placed at 24,800.

Key Levels to Watch

• Resistance: Nifty Open Interest (OI) data indicates that the 25,000 and 25,200 strike prices will act as key resistance zones. A market expert has said that 25,000 will act as a resistance.
• Support: Significant OI build-up is seen at the 24,900 and 24,800 strike prices, highlighting these as important support levels. 24,800 is considered immediate support for Nifty.

Stocks to Watch

Several stocks are expected to be in focus today due to corporate actions and other developments:

• Biocon: Launched a Qualified Institutional Placement (QIP) to raise ₹4,500 crore.
• Zee Entertainment: Approved a proposal to issue convertible warrants to promoter group entities, amounting to ₹2,237.4 crore.
• Vishal Mega Mart: Promoter entity planning to sell a 10% equity stake through block deals.
• Tanla Platforms: Approved a share buyback worth up to ₹175 crore.

Trading Strategy

Market analysts suggest a range-bound trade between 24,800 and 25,200 unless fresh triggers emerge. A market expert recommends buying with a strict stop loss at 24,800, with 24,800 being an important level, and maintaining stop loss at 24,400 for investors.

Overall, the Indian stock market is expected to be influenced by a mix of domestic and global factors. While positive domestic momentum and supportive global cues could provide some support, geopolitical tensions and FII selling pressure may keep the market range-bound. Investors should closely monitor key support and resistance levels and remain cautious.