In the week ended on Friday, 20 June 2025, the S&P BSE Sensex surged 1,289.57 points or 1.58% to settle at 82,408.17. The Nifty 50 index jumped 393.8 points or 1.59% to settle at 25,112.40. The BSE Mid-Cap index shed 0.44% to close at 45,480.26. The BSE Small-Cap declined 1.85% to end at 52,378.52.

Weekly Index Movement:

The Domestic equity benchmarks snapped a two-day losing streak and ended with solid gains on Monday. The S&P BSE Sensex gained 677.55 points or 0.84% to 81,796.15. The Nifty 50 index jumped 227.90 points or 0.92% to 24,946.50.

The Domestic equity benchmarks slipped into the red on Tuesday, dragged down by rising tensions between Israel and Iran. Investor sentiment remained subdued ahead of the U.S. Federal Reserve's policy decision. The S&P BSE Sensex declined 212.85 points or 0.26% to 81,583.30. The Nifty 50 index fell 93.10 points or 0.37% to 24,853.40.

The Equity benchmarks ended slightly lower on Wednesday, marking their second straight day of losses, as rising geopolitical tensions between Israel and Iran weighed on investor sentiment, supported by broad-based buying across sectors. The S&P BSE Sensex declined 138.64 points or 0.17% to 81,444.66. The Nifty 50 index fell 41.35 points or 0.17% to 24,812.05.

The Key equity benchmarks ended with marginal losses on Thursday, marking the third straight session of decline, as investor sentiment remained shaky due to escalating tensions between Israel and Iran, extending their rally for a second straight session. The S&P BSE Sensex shed 82.79 points or 0.10% to 81,361.87. The Nifty 50 index fell 18.80 points or 0.08% to 24,793.25.

The key equity indices ended with significant gains on Friday, snapping a three -day losing streak in a row, as market remained firm despite rising geopolitical tensions between Israel and Iran. The S&P BSE Sensex jumped 1,046.30 points or 1.29% to 82,408.17. The Nifty 50 index jumped 319.15 points or 1.29% to 25,112.40.

Economy:

India's wholesale price inflation (WPI) declined to a 14-month low of 0.39% in May 2025, down from 0.85% in April. This marks the lowest rate since March 2024, when it stood at 0.26%. The decline in WPI inflation was primarily driven by a sharp decrease in food prices.

Meanwhile, India’s trade deficit for May 2025 narrowed to $21.88 billion from a five-month high of $26.42 billion in April, Commerce Ministry said on June 16. Imports declined 1.7% year-on-year to $60.61 billion, while exports dipped 2.2% to $38.73 billion in the same period.

Stocks in Spotlight:

Nestle India shed 0.49%. The company announced that its board will meet on Thursday, 26 June 2025, to consider a bonus share issue.

Tamilnad Mercantile Bank fell 2.83%. The bank announced a 50 basis points (bps) reduction in its Repo Linked Lending Rate (RLLR), bringing it down from 9.00% to 8.50%, in line with the Reserve Bank of India’s latest repo rate cut.

Tata Consultancy Services (TCS) shed 0.36%. The company announced a long-term strategic partnership with Salling Group to drive sustainability, technological innovation, and improve organizational efficiency.

Tata Motors dropped 5.04%. The company’s UK-based unit, Jaguar Land Rover (JLR), issued a softer outlook for FY26, dampening investor sentiment. JLR now expects an EBIT margin of 5-7% for FY26, down from the 8.5% it clocked in FY25. Adding to the pressure, the company guided for free cash flow to be "close to zero" this year, compared to 1.5 billion pounds in FY25. The management is eyeing a rebound in free cash flow by FY27-28 and eventually aims to push EBIT margins back to 10%, though no specific timeline has been laid out.

Spicejet tanked 8.60%. The company’s standalone net profit surged 173% to Rs 324.87 crore in Q4 FY25 as against Rs 119 crore posted in Q4 FY24. However, revenue from operations fell 13.4% year on year to Rs 1,360.87 crore in the fourth quarter of FY25.

Godrej Properties rose 0.76%. The company announced that it has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. The project will have a developable potential of 2.5 million square feet with an estimated revenue potential of about Rs 3,100 crore.

Rane (Madras) added 2.17%. The company's board approved the sale of a significant land parcel in Tamil Nadu. The board has given the approval to sell approximately 3.48 acres out of a total 4.5-acre plot located in Velachery, Chennai, to Canopy Living LLP—a joint venture between real estate players Arihant Foundations & Housing and Prestige Estates Projects.

AAVAS Financiers fell 1.58%. The company’s board executive committee has approved raising up to Rs 200 crore through a private placement of non-convertible debentures (NCDs).

DLF rose 0.30%. The company said that its latest luxury offering DLF Privana North, valued at approximately Rs 11,000 crore, has been sold within a one week of its launch.

Alembic Pharmaceuticals fell 2.92%. The company said that it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its Active Pharmaceutical Ingredient (API)-III facility in Karakhadi, Gujarat.

Sun TV Network declined 2.16%. The company received legal notice from DMK MP and former telecom minister Dayanidhi Maran to his brother, Sun TV chairman Kalanithi Maran, reignited a decades-old family dispute over the company’s shareholding structure. The notice has been served not only to Kalanithi Maran but also to his wife, Kavery Kalanithi, and others involved in the company. Kalanithi Maran remains the majority shareholder, holding a 75% stake in the Chennai-based broadcaster.

Global Markets:

In Europe inflation eased slightly to 3.4% in May, down from 3.5% in April, according to data released by the U.K.’s Office for National Statistics.

Retail sales in the U.K. fell by 2.7% in May — the steepest monthly drop since December 2023 — as shoppers pulled back on spending.

In addition to releasing retail sales data, the Office for National Statistics also reported that public borrowing in May reached £17.7 billion ($23.8 billion), which is £700 million higher than the same period last year.

Sweden's central bank cut its key interest rate by 25 basis points on Wednesday to 2% amid weakening inflation but pointed to geopolitical risks ahead.

Norway's central bank has cut interest rates by 25 basis points to 4.25% for the first time since the start of the Covid-19 pandemic. Norges Bank had in March suggested it was expecting to cut its key sight deposit rate in June and followed through.

The Swiss National Bank has cut interest rates by a further 25 basis points to 0%—adding to concerns over a potential return to negative rates.

In Taiwan The central bank kept its policy rate unchanged at 2% on Thursday, as widely expected, given the island’s robust tech-driven economy and moderating inflation, and maintained its economic growth outlook for the year.

The Philippine central bank cut its key interest rate by a quarter of a percentage point to 5.25% for a second time this year and signaled there’s scope for further easing, with inflation likely to remain modest and economic growth at risk from global uncertainties.

Japan's exports in May declined 1.7% year-on-year, which is lower than the decline of 3.8% that was widely anticipated by the markets.

The data comes a day after the Bank of Japan highlighted in its monetary policy statement that the country’s growth was likely to “moderate” on the back of factors like trade, which would lead to a slowdown in overseas economies and a decline in domestic corporate profits.

Japan's core consumer price index (CPI), which excludes volatile fresh food costs, rose 3.7% in May from a year earlier, data showed on Friday, accelerating from a 3.5% increase in April.

In China The country released a mix of economic indicators that painted a somewhat uneven picture. Retail sales in May shot up 6.4% from a year earlier, signaling a boost in consumer spending. But industrial output slowed to 5.8% year-on-year, down from 6.1% in April.

Meanwhile, fixed-asset investment rose 3.7% in the January-May period, slightly weaker than the 4% growth seen in the first four months. There was a silver lining, though: the urban unemployment rate dipped to 5.0% in May, the lowest since November 2023.

China kept its benchmark lending rates unchanged Friday. The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.

The Fed held its benchmark rate steady at 4.25%-4.5% on Wednesday, marking no change since December. Fed Chair Jerome Powell indicated the committee would wait to assess the inflationary impact of President Trump’s tariff measures before considering any policy shifts.

Despite the hawkish pause, the Fed still pointed to two rate cuts by the end of the year.