HSBC Predicts Sensex to Hit 82,240 by 2025; Orkla India Files for IPO
Key Takeaways
- HSBC forecasts Sensex at 82,240 by 2025, naming HDFC Life, Ujjivan SFB as top picks.
- Orkla India (MTR) files DRHP with SEBI for an IPO of 2.28 crore shares.
- Aditya Birla Capital shares up 3% after Advent International sells stake in block deal.
- NSE gets SEBI approval to launch monthly electricity futures contracts.
- ICICI Prudential AMC may raise $1.2B via IPO, valuing firm around $12 billion.
Top Stories
HSBC: India a refuge, Sensex target 82,240 by 2025
On June 11, 2025, HSBC called India a refuge amid global market concerns, citing strong Q4 earnings and macro stability. HSBC maintains a Sensex target of 82,240 by the end of 2025 and highlights HDFC Life, Ujjivan SFB, Godrej Consumer, UPL, and GAIL as top stock picks.
Orkla India (MTR) files DRHP for IPO with SEBI
On June 11, 2025, Orkla India, known for its MTR brand, filed its DRHP with SEBI for an IPO. The IPO offers 2.28 crore equity shares for sale by the promoter and existing shareholders.
Aditya Birla Capital shares up 3% on block deal news
On June 11, 2025, Aditya Birla Capital shares increased by 3% on the BSE after Advent International planned to sell 3.6 crore shares (1.4% stake) via a block deal at Rs 237.81 per share. Advent International, which invested Rs 1,000 crore in 2020, is expected to realize a 138% return on its investment.
NSE gets Sebi nod for electricity futures contracts
On June 11, 2025, NSE received Sebi’s approval to launch monthly electricity futures contracts. NSE MD & CEO Ashishkumar Chauhan stated that the Sebi approval is the beginning of NSE’s vision for a broader electricity derivatives ecosystem.
ICICI Prudential AMC may raise $1.2B via IPO
On June 11, 2025, it was reported that ICICI Prudential Asset Management is close to filing preliminary documents for an IPO that may raise up to 100 billion rupees ($1.2 billion). The DRHP is expected to be filed in the next three to four weeks, potentially valuing the firm at around $12 billion.
Company Beat
JioBlackRock gets nod for advisory operations
On June 11, 2025, JioBlackRock, a joint venture between Jio Financial Services and BlackRock, received regulatory approvals from SEBI and BSE to commence its investment advisory operations in India. Marc Pilgrem has been appointed as the Managing Director and CEO of the advisory arm.
BofA acquires Oriental Carbon shares via block deal
On June 9, 2025, Bank of America (BofA) acquired 53,428 shares of Oriental Carbon & Chemicals via a block deal at Rs 289.53 apiece, totaling approximately Rs 1.5 crore. The news was published on June 11, 2025.
Vodafone Idea launches 5G in Bengaluru
On June 11, 2025, Vodafone Idea (Vi) launched its 5G services in Bengaluru, India, with commercial access starting the same day. Shares of Vodafone Idea closed 1.13% lower at Rs 6.97 on the BSE.
Fund Action
Groww launches Nifty India Internet ETF
On June 11, 2025, it was reported that Groww Mutual Fund has launched the Groww Nifty India Internet ETF, the first-ever exchange-traded fund that aims to track the Nifty India Internet Index. The New Fund Offer opens on June 13, 2025.
IREDA raises over ₹2,000 crore via QIP
On June 11, 2025, it was reported that IREDA raised over ₹2,000 crore via the QIP route.
Market Movers
Sensex, Nifty climb amid global market rally
On June 11, 2025, Sensex and Nifty climbed in initial trade following a rally in global markets amid US-China trade talks optimism and foreign fund inflows. Foreign Institutional Investors (FIIs) bought equities worth ₹2,301.87 crore on Tuesday.
Sensex down 0.06%, Nifty up marginally Tuesday
On June 11, 2025, the 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72. The Nifty eked out a marginal gain of 1.05 points to end at 25,104.25.
Wockhardt shares surge 19% on investor interest
RattanIndia Power shares surge up to 12.9%
On June 11, 2025, RattanIndia Power shares surged as much as 12.9%, taking their two-day rally to 35%, amid a spike in trading volumes.
BSE shares fall after ASM framework placement
On June 11, 2025, shares of BSE fell as much as 4.4% after being placed under the Additional Surveillance Measure (ASM) framework. This follows a period of strong financial performance, including a 362% year-on-year increase in net profit during January-March 2025, and a combined dividend of Rs 23 per share.
Equities flat; FIIs net buy Rs 2,302 crore
On June 11, 2025, domestic equities ended flat after a four-day rally. FIIs net bought shares worth Rs 2,302 crore, while DIIs were net buyers at Rs 1113 crore; GIFT Nifty traded higher by 0.12% at 25,174, signaling a positive start, and India VIX fell 4.8% to 13.98.
Analysts expect market consolidation with positive bias
On June 11, 2025, analysts expected markets to consolidate with a positive bias, favoring long trades above 24,850, potentially moving towards 25,350 in the short term. A clear breakout above the Nifty 25,100 level, and sustaining above this level, will require sustained large buying, potentially driven by positive news regarding a US-China trade deal.
Adani Power shares slip 1.2% on profit-booking
On June 11, 2025, Adani Power shares slipped 1.2% due to profit-booking, ending a five-day rally. Despite a mixed March-quarter performance, analyst sentiment remained strong, with a consensus “Strong Buy” rating.
Fertiliser, FMCG stocks trade higher mid-day
On June 11, 2025 at approximately 10:20AM, fertilisers and FMCG stocks were trading higher. For example, the NSE Nifty50 index was up 40.75 points at 25145.0, and the 30-share BSE Sensex was up 103.06 points at 82494.78.
Oriental Carbon: Overbought, but closed 20% higher
On June 11, 2025, Trendlyne reported that the average target price for Oriental Carbon is Rs 132, indicating a potential downside of about 56% from current levels, with RSI at 83.9 (overbought). However, the MACD is bullish, and shares of Oriental Carbon closed 20% higher at Rs 302.4 on the BSE, up 31% YTD and 80% over the past three months.
Nifty Pack: Top Gainers on June 11, 2025
On June 11, 2025, Hero MotoCorp Ltd., Coal India Ltd., Mahindra & Mahindra Ltd., Oil And Natural Gas Corporation Ltd., Bajaj Auto Ltd., Reliance Industries Ltd., Bajaj Finserv Ltd., JSW Steel Ltd., NTPC Ltd. and UltraTech Cement Ltd. were among the top gainers in the Nifty pack.
Nifty Pack: Stocks Trading in Red on June 11, 2025
On June 11, 2025, Shriram Finance Ltd., Adani Ports & Special Economic Zone Ltd., Jio Financial Services Ltd., Apollo Hospitals Enterprise Ltd., Sun Pharmaceutical Industries Ltd., Tata Consumer Products Ltd., Power Grid Corporation of India Ltd., Adani Enterprises Ltd., Dr. Reddy's Laboratories Ltd. and HDFC Bank Ltd. were trading in the red.
Analyst Insights
Aditya Birla Capital: 5% upside potential
According to Trendlyne data from June 11, 2025, the average target price for Aditya Birla Capital is Rs 254, suggesting a potential 5% upside. The stock’s RSI is at 77.8, indicating it is overbought, and the MACD is at 7.8, a bullish indicator; shares closed 1.04% higher at Rs 242.7 on the BSE, gaining 36% year-to-date and 54% over the past three months.
JM Financial recommends Buy for UltraTech Cement
On June 11, 2025, JM Financial recommended to Buy UltraTech Cement with a target price of Rs 13,500. The current market price of UltraTech Cement is Rs 11464.4, and the analyst believes the price can reach the target in a year.
Avendus Spark: Buy Oil India, target price Rs 630
On June 11, 2025, Avendus Spark gave Oil India shares a "buy" rating with a target price of Rs 630, anticipating the stock to double in three years. Avendus anticipates over 80% earnings growth potential over the next three years, highlighting ongoing capacity expansion and production visibility.
Policy Updates
Sula Vineyards, GM Breweries shares surge on policy
On June 11, 2025, shares of Sula Vineyards and GM Breweries soared up to 18% as investors reacted positively to Maharashtra’s liquor policy.
United Spirits shares fall 8% on policy changes
On June 11, 2025, shares of United Spirits fell 8% due to the Maharashtra government's approval of a new liquor category and excise duty hike.
Dividend Announcements
Hindustan Zinc declares ₹10 interim dividend
On June 11, 2025, Hindustan Zinc declared an interim dividend of ₹10 per equity share, leading to an outgo of ₹4,225 crore. The record date for the dividend payment is June 17, 2025.
Sector Spotlight
FMCG Sector: Top Gainers on June 11, 2025
On June 11, 2025, Nakoda Group Of Industries Ltd., ADF Foods Ltd., Parag Milk Foods Ltd., Umang Dairies Ltd., Gillette India Ltd., Dangee Dums Ltd., Zydus Wellness Ltd., Gopal Snacks Ltd. and Emami Ltd. were among the top gainers in FMCG sector.
FMCG Sector: Top Losers on June 11, 2025
On June 11, 2025, Heritage Foods Ltd., Prataap Snacks Ltd., JHS Svendgaard Laboratories Ltd., Hatsun Agro Products Ltd., Tata Consumer Products Ltd., Colgate-Palmolive(India)Ltd., AWL Agri Business Ltd., Mrs. Bectors Food Specialities Ltd., Hindustan Unilever Ltd. and Varun Beverages Ltd. were among the top losers in FMCG sector.