TLDR
📈 Market Recap: June 10, 2025
Indian markets traded flat as early optimism faded with profit-taking in financials. The NSE Nifty 50 edged up 0.1% to 25,128.6, while the BSE Sensex rose 0.02% to 82,469.5 in mid-session, ending the day almost unchanged with a slight 53‑point dip.
Key Drivers:
Global optimism: from advancing U.S.–China trade talks and strong U.S. jobs data sparked gains in IT and mid-small caps.
Banking sector lagged: with HDFC Bank and ICICI Bank down ~0.5% and 1.2%, offsetting broader gains.
Market breadth positive: with nine of thirteen sectors rising, smallcaps and midcaps gained ~0.2% despite caution.
Today’s Top Stories:
Maruti Suzuki Cuts e-Vitara EV Output by Two-Thirds - Maruti slashed April-Sept e-Vitara EV production to 8,200 units amid rare-earth shortages, risking market share until supplies recover. $MARUTI.NSE ( ▲ 1.82% )
Jana Small Finance Bank Seeks Universal-Bank Licence - Jana SFB’s RBI application to become a universal bank lifted shares, promising broader lending capacity, cheaper deposits, and potential valuation re-rating if approval arrives. $JSFB.NSE ( ▼ 0.56% )
Adani Power Surges 8% on Heavy Volumes - Adani Power jumped 8 % to ₹610 on record 26 million-plus shares traded, signalling renewed institutional interest in India’s expanding power sector. $ADANIPOWER.NSE ( ▲ 2.53% )
Morgan Stanley Crowns Grasim ‘Top Pick’ - Morgan Stanley projects ~29 % upside for Grasim, citing paint-segment launch, UltraTech synergies, and shrinking hold-company discount to attract global investors. $GRASIM.NSE ( ▲ 1.21% )
ITD Cementation Jumps 8 % on ₹893 Cr Order Win - Mid-cap EPC player ITD Cementation won a ₹893 crore jetty contract, boosting backlog and propelling shares 8 % amid optimism for port-infra growth. $ITDCEM.NSE ( ▲ 0.24% )
INDIASTOX INVESTMENT RESEARCH HACKATHON
Submissions Closed! Scoring Is Underway…
The submission window for the IndiaStox Investment Research Hackathon is now officially closed, and we’re blown away by the quality of entries we received from across the IndiaStox community!
📊 From unique pre-IPO picks to deep-dive theses, your research showed insight, effort, and bold thinking.
🧠 Our expert panel is carefully reviewing all valid submissions.
🏆 Winners will be announced on June 14, 2025 – stay tuned to see who takes home a share of the ₹50,000 prize pool!
Missed this one? Don’t worry – we’re already planning the next edition.
TOP STORIES
1. Maruti Suzuki Cuts e-Vitara EV Output by Two-Thirds
DALL-E
Output revision: April–Sept production target cut to 8,200 units from 26,500 on rare-earth shortages.
Mitigation plan: Management aims to back-load volumes in H2 to still hit FY-end EV goals.
Analyst take: Near-term share loss to Tata Motors and M&M likely; supply-chain stability remains the key.
2. Jana Small Finance Bank Seeks Universal-Bank Licence
DALL-E
Market move: The Stock gained 3.8 % after the RBI application news.
Growth angle: Conversion would unlock wider lending segments and lower funding costs.
Upside trigger: Street models scope for re-rating once the approval timeline becomes clearer.
3. Adani Power Surges 8% on Heavy Volumes
DALL-E
Price action: Shares hit ₹610, up 8.3 %, with 26 m+ shares changing hands across BSE/NSE.
Driver: Aggressive buying by domestic funds sparks renewed optimism in the power pack.
Sector signal: Volume spike hints at fresh institutional flows into utilities amid capacity-addition buzz.
4. Morgan Stanley Crowns Grasim ‘Top Pick’
DALL-E
Broker call: Foreign brokerage sees ~36 % upside on robust paints entry and valuation unlock.
Tailwinds cited: Scaling new-age ventures, UltraTech synergy, shrinking hold-co discount.
Flow watch: Upgrade expected to draw incremental institutional money into stock and sector.
5. ITD Cementation Jumps 8 % on ₹893 Cr Order Win
DALL-E
Contract win: Bags ₹8.93 billion EPC package for a major jetty project.
Revenue boost: Order lifts executable backlog, pointing to stronger earnings visibility ahead.
Investor reaction: Mid-cap infra favourite led the sector rally as volumes spiked on optimism.
GYAANI HOT TAKES
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