India Stocks Outlook
Likely to remain in range Fri on lack of mkt direction
This story was originally published at 17:53 IST on 19 June 2025
Register to read our real-time news.Informist, Thursday, Jun. 19, 2025
By Akash Mandal
MUMBAI – The benchmark indices are likely to trade within a narrow range Friday amid lack of triggers for the market to react to, analysts said. In the absence of a strong positive or negative catalyst, which helps decide the market's direction, the indices are likely to remain sideways and consolidate, they said. Analysts noted that any dips may offer buying opportunities, while gains could be used to take profits. On Friday, the Nifty 50 is expected to move in a range of 24750-24900 points.
"There is an indecision in the market as the market direction is not clearly visible going forward," an analyst at a domestic brokerage said. While a positive trigger for the market in the near term could be a trade agreement with the US, negative triggers could be further escalation in the conflict between Israel and Iran and a rise in crude oil prices above the mark of $80 per barrel. Crude oil prices had softened a bit in early trade Thursday, but rose again as the August contract of Brent Crude oil futures traded 0.2% higher at $76.88 per barrel.
Thursday, the Nifty 50 ended marginally lower at 24793.25 points after a "dull" session where the index saw neither significant gains nor a decline ahead of the weekly expiry of the derivatives contract of the index. The BSE Sensex closed at 81361.87 points, down 82.79 points.
The Nifty Bank has come down in recent times, after having surged ahead of the Reserve Bank of India's 50-basis-point "jumbo" rate cut Jun. 6. The sectoral index has fallen in six of the past eight sessions, declining over 2%. The financial services sector has a weightage of nearly 33% on the Nifty 50, led majorly by heavyweight bank stocks. Thus, positive movement in bank stocks is essential to lift the indices higher.
The Nifty Bank may rise slightly Friday after underperforming for some time now, but the gains are likely to be capped by the lack of triggers and the uncertain situation in West Asia, analysts said. For Friday, they said the Nifty Bank may take support at 55500-55150 points and face resistance at 56100 points. The index ended 0.5% lower at 55577.45 points Thursday.
Information technology stocks will remain in focus amid lack of clarity on the direction ahead. While concerns of a slowdown in the US and higher inflation due to tariffs persist, some analysts said Indian IT companies already have robust order pipelines and the impact of tariffs would be less than initially thought. Thursday, the Nifty IT index closed nearly 1% lower at 38664.95 points. The index has now fallen for two straight sessions after gaining 7% over the previous 10 sessions. End
Edited by Subhojit Sarkar
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