Published on 12/06/2025 12:08 PM
Gold prices rose on June 12 as investors turned to safe-haven assets amid escalating Middle East tensions and a weakening US dollar. Expectations of a Fed rate cut, supported by softer US inflation data, also boosted sentiment. Spot gold climbed 0.7% to $3,375.06, while US gold futures rose 1.5% to $3,395. here#JustIn | #AnupamRasayan signs LoI with E-Lyte Innovations & #FUCHSLubricants for long-term supply of electrolyte salt pic.twitter.com/qW2FN0smrf
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Aegis Logistics Arm Commissions 82,000 tonne Cryogenic LPG Terminal at Mangalore.
Hyundai India may leverage Hyundai Motor’s global supply chain to source rare earth magnets amid rising concerns over supply curbs. The company is monitoring the situation but doesn’t foresee immediate production disruptions, according to sources. here
Shares of Sterlite Technologies Ltd. are trading with gains of 15% on Thursday, June 12, after its Global Services Business (the demerged vertical), in consortium with Dilip Buildcon Limited, entered into an agreement with Bharat Sanchar Nigam Limited (BSNL). here
Gautam Singhania, Chairman Of Raymond Group To CNBC-TV18
Market Watch: Sacchitanand Uttekar, VP- Research (Derivatives & Technicals) at Tradebulls
Buy Bajaj Finserv for a target price of ₹2,084 with a stop loss of ₹2,010
Buy Apollo Hospitals for a target price of ₹7,240 with a stop loss of ₹6,970
The realty index has recovered over 25% from its March–April 2025 lows but is still 11% below its peak. On June 12, the index fell 0.47%, with all constituents in the red. Jefferies prefers DLF, Godrej Properties, and Macrotech Developers in the sector. here#CNBCTV18Market | Shakti Pumps up nearly 5% after bagging order from Maharashtra Energy Dept pic.twitter.com/ND0Zy88JVj
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The rupee appreciated by 7 paise to 85.46 against the US dollar on June 12, aided by a weaker dollar, lower global crude prices, and a positive domestic market open. However, foreign investor outflows limited further gains. hereFollowing the Reserve Bank of India’s decision to cut the repo rate by 50 basis points (bps) on Friday, June 6, several banks have reduced their lending rates to pass on the benefit to borrowers. The RBI’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, brought the key policy rate down from 6.00% to 5.50%, aiming to boost economic activity through lower borrowing costs. Bank of Baroda (BoB), Punjab National Bank (PNB), UCO Bank, Bank of India (BoI), Indian Overseas Bank (IOB), and Canara Bank slashed their lending rates for customers. here
HSBC has flagged four downside risks for Tata Motors, including a stronger rupee and increased discounts. The brokerage maintains a “hold” rating with a price target of ₹770, indicating a modest 5% upside from recent levels. here
The life insurance sector is stabilising as concerns over regulatory restrictions on bancassurance ease. According to Former IRDAI member Nilesh Sathe there has been no formal clampdown, and recent signals indicate a softer stance, with the government supporting greater bank involvement to boost insurance penetration. This is seen as positive for insurers reliant on bancassurance.
Life insurance stocks have rallied sharply this year—Max Life is up 38%, SBI Life 28%, and HDFC Life 25%. In contrast, general insurers and standalone health players have lagged. here
Shares of Indian oil refiners HPCL, BPCL, and IOC fell up to 4% on June 12, following a rise in global crude prices. Brent Crude crossed $70 per barrel amid escalating geopolitical tensions in the Middle East and fading hopes of a US-Iran nuclear deal. Iran also threatened to target US military bases if provoked. here
#CNBCTV18Market | #Paytm sharply recovers more than 5% from intra-day lows pic.twitter.com/KltAEOYs0Y
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Gautam Shah, Founder, Goldilocks Global Research On CNBC-TV18
#CNBCTV18Market | Oil marketing cos under pressure, HPCL down over 4% after crude surges pic.twitter.com/B8KYeZat0t
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Amnish Aggarwal of PL Capital maintains a negative outlook on the entire paints sector, citing structural changes and rising competitive intensity. New entrants like Grasim, JSW, JK Cement, and Pidilite Industries are increasing pressure, potentially expanding the organised market from 4 to 8–10 players. This heightened competition limits room for margin expansion and profitability growth. Even with decent volume growth, profit growth is likely to remain in the mid to high single digits, while valuations, such as Asian Paints trading at 44–45x, leave little scope for re-rating.
Praveer Sinha, MD & CEO, Tata Power On CNBC-TV18
Shares of Tanla Platforms Ltd. gained 12% on Thursday, June 12, after the company said its board of directors will meet next week to consider the proposal for buyback of equity shares of the firm. here
Shares of One97 Communications, parent company of payments aggregator Paytm, were trading with losses of up to 10% on Thursday, June 12. The stock witnessed its biggest single-day drop since February last year.
Shares of CE Info Systems Ltd declined over 7% on Thursday, June 12, after 28.6 lakh shares of the company or 5.3% equity changed hands at ₹1,813.7 per share. here
The shares of Tanla Platform jumped 11% after the company said its board of directors will meet next week to consider the proposal for buyback of equity shares of the firm.
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