TLDR
📈 Market Recap: June 23, 2025
Indian equity markets opened the week on a weak note, with the BSE Sensex falling 511 points (0.62%) to close at 81,896.79 and the NSE Nifty 50 dropping 140.50 points (0.56%) to settle at 24,971.90 on Monday, June 23, 2025. The sharp decline followed news of US airstrikes on Iranian nuclear facilities, escalating the Israel-Iran conflict and triggering global risk aversion. Despite the selloff in large-cap indices, the broader markets outperformed: the Nifty Midcap 100 rose 0.36% and the Smallcap 100 gained 0.70%. Volatility spiked early but moderated by the close, with the India VIX ending up 2% at 14.09.
Key Drivers
Banking Sector Burst: Financials led the charge following RBI’s 50 bps repo cut to 5.5% and easing of project-financing norms.
Positive U.S. Fed Outlook + FII Flows: Signals of two rate cuts later this year reignited foreign investor interest amid a softening USD.
Cooler Crude Prices and Middle East Relief: Brent eased to about $79, offering margin relief to OMC and energy stocks.
DII Support: Domestic institutional investors continued their buying streak, underpinning the rally
Today’s Top Stories:
Trent & BEL Debut in Sensex, Passive Inflows Top $700 Million: Index reshuffle drives over $700 million of ETF buying as Trent and Bharat Electronics replace Nestlé India and IndusInd Bank in the 30-stock Sensex. $TRENT.NSE ( ▲ 0.16% ) $BEL.NSE ( ▲ 0.25% )
Warburg Pincus Eyes $4.5 Billion Exit From SBI General Insurance: Warburg is in talks to sell its 10 % stake for $4–4.5 billion, fuelling expectations of an SBI General IPO in FY26.
PhonePe Plans Up to $1.5 Billion IPO at $15 Billion Valuation: Walmart-backed PhonePe targets an August 2025 DRHP for India’s largest consumer-tech float since 2021, leveraging 600 million users and 310 million daily UPI transactions.
HDB Financial Sets ₹700–740 Price Band for ₹12,500 Crore IPO: The three-day issue opening on 25 June mixes fresh equity and an HDFC Bank offer-for-sale, aiming to be 2025’s biggest NBFC listing. $HDFCBANK.NSE ( ▲ 0.3% )
NSE Moves All F&O Expiries to Tuesday From 29 August: Weekly, monthly, and quarterly index-option contracts will now expire on Tuesdays, requiring traders to recalibrate systems while BSE keeps its Thursday slot.
INDIASTOX INVESTMENT RESEARCH HACKATHON🏆 The Results Are In! Meet the Winners of Hackathon 1The first edition of the IndiaStox Investment Research Hackathon has wrapped up, and we’re excited to announce the standout entries that rose to the top. After a detailed review process by our expert panel, here are the top five submissions that demonstrated depth, clarity, and strong investment reasoning:
📌 In the coming days, we’ll be featuring select submissions across the IndiaStox platform and community channels. 💡 If you didn’t make it this time, we encourage you to stay engaged. The next edition of the hackathon begins Very Soon..., with updated judging criteria, new themes, and higher benchmarks. 🗣️ If you valued the experience or took something away from it, feel free to share it in your own way and tag @IndiaStox on LinkedIn or X. The more thoughtful voices we bring together, the stronger this community becomes. |
TOP STORIES
1. Trent & BEL Debut in Sensex, Passive Inflows Top $700 Million
DALL-E
Index move: Trent and Bharat Electronics replace Nestlé India and IndusInd Bank in the Sensex, triggering the latest index-weight shuffle.
Fund-flow impact: Passive trackers are expected to buy roughly $330 mn of Trent and $378 mn of BEL, while the outgoing names face a combined $375 mn of selling.
Market reaction: Both entrants opened firm and led early gainers despite a soft broader market; large caps such as HDFC Bank and Reliance saw minor weight trims.
2. Warburg Pincus Eyes $4.5 Billion Exit From SBI General Insurance
DALL-E
Deal scope: The PE giant is in talks with Premji Invest and SBI to divest its 10 % stake, acquired in 2019.
Valuation math: A sale around $4–4.5 bn would mark a ten-fold return for Warburg, setting a new benchmark for private-insurer valuations.
Listing buzz: The potential exit revives expectations of an SBI General IPO in FY26, adding momentum to India’s insurance-sector pipeline.
3. PhonePe Plans Up to $1.5 Billion IPO at $15 Billion Valuation
DALL-E
IPO roadmap: Walmart-backed PhonePe aims to file its DRHP by August 2025, targeting India’s biggest consumer-tech float since Zomato.
Scale metrics: The fintech boasts 600 million users, 40 million merchants, and handles 310 million daily UPI transactions, dominating by any measure.
Market standing: A successful listing would cement PhonePe as India’s highest-valued public fintech and sharpen competition with Paytm and Google Pay.
4. HDB Financial Sets ₹700–740 Price Band for ₹12,500 Crore IPO
DALL-E
Issue mix: The three-day offer (25–27 June) comprises ₹2,500 cr fresh issuance and a ₹10,000 cr HDFC Bank offer-for-sale.
Investor sentiment: Grey-market premium of ~₹47 suggests a modest ~6 % pop; bankers flag strong QIB appetite but watch retail mood.
Key risk: Brokerages are split on potential parent–subsidary conflicts with HDFC Bank once both entities trade publicly.
5. NSE Moves All F&O Expiries to Tuesday From 29 August
DALL-E
Rule change: Weekly, monthly, quarterly, and half-yearly index-option contracts will now expire on Tuesdays instead of Thursdays.
Objective: The shift aligns with global best practice and aims to lighten settlement-day risk for clearing corporations.
Trader impact: Algo desks and retail options traders must recalibrate systems; BSE’s Thursday expiry remains, leaving two fixed dates each week.
GYAANI HOT TAKES
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