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 #JustIN | Ashoka Buildcon says,GST Dept, Maharashtra serves notice for search & seizure operations at office premises pic.twitter.com/8hu76pvg6y

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Market Watch: Amisha Vora, Chairperson & MD, PL Capital

Capital market stocks

Their long-term potential is too huge, and each of them has its own particular moat, a very competitive presence. They are a definite part of a long-term portfolio.

But if you ask me, in the short to medium term, I do agree that there could be a possibility of a small correction, whether in time or price, but yes, it has run up a bit more.

Sectors

I continue to remain bullish despite the run-up on a bigger story of select capital goods companies. I feel that despite the run-up and the fact that the stocks might consolidate for some time, the runway for the defence of railway stock continues to be too long.

It will be a decadal and two-decadal story which will continue to unfold, and there will be quarterly or yearly ups and downs in execution, but the need and the positioning of these stocks, whether it is Hindustan Aeronautics or some other select stocks, will continue to be very positive going forward.

I feel the sector to really watch for will continue to be the experience-driven or service-driven sector.

We continue to be, for a very long time, bullish on hotels and hospitals. Hotels and hospitals continue to remain in our core portfolio, and apart from that, now the broader consumer durables will also start participating in the overall growth in the economy and both markets.

Shares of BSE Ltd. have declined 8% in the last two trading sessions. This comes after the stock rallied for nine consecutive days, gaining 25% before Wednesday’s drop. Four of these nine sessions had over 1 crore shares of the stock change hands in a single session.

The stock is trading with losses for the second day on Thursday, June 12 and is down over 3% in today’s trading session. here

Market Watch: Aditya Agarwala, Head of research and investments at Invest4edu

Buy Apollo Hospitals for a target price of ₹7,200 with a stop loss of ₹6,900

Buy Max Healthcare for a target price of ₹1,400 with a stop loss of ₹1,100

In a day of trade dampened by decline, the Nifty Smallcap Index 100 declined by 0.81%. The decline of the index was led by CDSL stocks, which declined by over 4%.

KEC International shares decline by 2.9%

Reliance Power dipped by 2.4%

Creditaccess Grameen shares declined by 2.4%

Amisha Vora, CMD of PL Capital, remains bullish on ICICI Bank as a core portfolio holding, citing strong growth, asset quality, and value unlocking through subsidiaries. She is also optimistic about the State Bank of India (SBI), select non-banking financial companies (NBFCs), and capital market plays. While long-term prospects for financials remain strong, she cautions about short-term uncertainties due to oil prices, dollar strength, and fund flow mismatches despite favourable factors like liquidity, rate cuts, and tax benefits.

 #CNBCTV18Market | ITI sharply recovers, nearly 3% off day’s low pic.twitter.com/HtjmTEJOPZ

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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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