AXISCADES–MBDA Defence Boost, US Holds Rates at 4.25–4.5% & More
- Share.Market
- 9 min read
- 19 Jun 2025
Highlights
Indian equity markets ended marginally lower today because of ongoing hostilities between Iran and Israel, volatility in crude oil prices, and uncertainty around US President Donald Trump’s proposed tariffs. Additionally, the US Federal Reserve’s decision to keep interest rates unchanged and signal a slower pace of rate cuts added to the cautious mood.
Headline Indices
Sectors at a Glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
Broader Market Performance
INDIA VIX
What Made Headlines?
AXISCADESMBDA and AXISCADES expand their defence partnership, boosting “Make in India” goals. A new Bengaluru facility will support missile systems, engineering, and long-term collaboration in aerospace and defence.
PURVAStarworth Infrastructure, a Puravankara subsidiary, has bagged a ₹272 crore contract from TRU Dwellings for civil and finishing works at the “TRU AQUAPOLIS” residential project in Varthur, Bengaluru.
MTARTECHMTAR Technologies has secured a 10-year international contract from Weatherford Products GMBH to supply whipstock assemblies and critical products. Execution will begin at a new Adibatla facility from FY26, with expected revenues of ₹10 crore in FY26 and ₹90 crore annually from FY27 onward.
ASHOKAAshoka Buildcon has secured a US$67.25 million international contract from the Government of Guyana for Phase 2 of the East Bank-East Coast Road Linkage Project.
What’s Happening Beyond Markets?
- India ranks 3rd in power capacity growth globally. Only the US and China added more in the last 5 years, says the International Energy Agency. Growing electricity demand is fueling this rise.
- Bank credit grew 9% while deposits rose 9.9% in the past year. With deposits rising faster, the Credit-Deposit ratio stayed below 80%, says CareEdge.
- The RBI has cut the CRR, and that’s expected to unlock ₹2.5 lakh crore in the system. This could boost loan growth by 1.4–1.5% and make it a bit easier for banks to lend, while also slightly improving their profit margins.
- US interest rates stay at 4.25–4.5%. Inflation remains high, growth may slow, but the Fed still plans two rate cuts later in 2025.
- Brent crude crossed $77 a barrel, hitting a 4-month high as tensions rose after Israel reportedly struck Iran’s nuclear site. With the US possibly joining in, markets fear disruption near the Strait of Hormuz, a key oil route.
- Platinum surged over 5% to cross $1,330/oz, its highest in 10 years. It’s up 45% in 2025, boosted by supply deficit, strong demand from autos, jewellery, and hydrogen tech.
Back to Basics
Terms that put you one step ahead – every day.
What Is Total Return Index (TRI)?
While regular indices like Nifty 50 only track stock price movements, the Total Return Index includes dividends too.
Imagine you bought Nifty 50 stocks 10 years ago. The price index shows 12% annual returns, but TRI shows 14% because it assumes you reinvested all dividends.
Why does this matter? Dividends are real money. Ignoring them gives you an incomplete picture of your actual returns.
A price-only index undersells their true performance. TRI assumes you reinvest every dividend back into the same stocks, compounding your returns over time.
When comparing mutual funds or evaluating long-term investments, always look at TRI, not just price returns.
IPO Corner: Mainboard
Ongoing IPO
| Company | Date | Issue Price | Minimum Investment |
| Arisinfra Solutions | June 18, 2025 to June 20, 2025 | ₹210 to ₹222 per share | ₹14,070 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| V-Mart Retail Ltd. | 23 Jun 2025 | 23 Jun 2025 | Bonus issue | 3:1 |
| Dalmia Bharat Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹5.00 |
| Hindustan Unilever Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹24.00 |
| Kansai Nerolac Paints Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend & Special Dividend | ₹2.50 & ₹1.25 |
| Kalpataru Projects International Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹9.00 |
| Samvardhana Motherson International Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹0.35 |
| Motherson Sumi Wiring India Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹0.35 |
| Pilani Investment and Industries Corporation Ltd. | 23 Jun 2025 | 23 Jun 2025 | Final Dividend | ₹15.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
Disclaimer and Disclosure
PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226.
Registration granted by SEBI, enlistment as Research Analyst with Exchange and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
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