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Indian markets are expected to consolidate on Monday following mixed global cues. Indian VIX decreased by 2.17% on Friday, and Call writing is seen at 19100, with Put writing at 18800. Options data suggests a broader trading range between 18550 to 19000 zones, and an immediate trading range between 18700 to 18900 zones. Technical Analysts are recommending short-term traders to buy Sun Pharma, Kotak Mahindra Bank, Indian Hotels, Bank of Baroda, BHEL, RIL, SBI, Grasim Industries, and RBL Bank.

Eight stocks, including Indiabulls Housing Finance Company, IEX, and ZEEL are under F&O ban for trade on June 19. The ban is reversed only if the open interest falls below 80%. Meanwhile, the Nifty50 made gains and is expected to reach record highs in the first half of this week, while the BFSI space is participating in the move. Technical experts recommend adding bullish bets in the market. The global market will play a vital role in the next leg of the rally.

From the Sensex pack, Bajaj Finserv, L&T, Titan, UltraTech Cement, UltraTech Cement, Power Grid and HDFC opened with gains, while HUL, NTPC, IndusInd Bank, Wipro, ICICI Bank and Reliance witnessed losses.

The Indian equity market showcased a mixed performance in the last week after the US Fed left rates unchanged as anticipated but hinted at the possibility of more interest hikes later this year.

Broken 3-month consolidation range on the higher side affirming a strong base formation at 470 levels.

The stock quoted a 52-week high price of Rs 630.0 and a 52-week low of Rs 306.0.

Gold and silver futures on MCX declined slightly in early Monday trading after falling last week due to a hawkish tone from the US Federal Reserve. August gold futures were trading at Rs 59,251 per 10 grams, down 0.17%, while July silver futures declined by 0.02% to Rs 72,670. However, prices recovered at the end of last week, due to increased European Central Bank interest rates and the falling US dollar. Investors may also buy sovereign gold bonds as the first tranche of the investment option is available, opening for subscription from 21 June.

HSBC has maintained a buy rating on VRL Logistics with a target price of Rs 800, while Macquarie has retained an underperform rating on Nykaa with a target price of Rs 115. Antique has initiated a buy rating on Titagarh Wagons with a target price of Rs 694, and Citigroup has a buy rating on MGL with a target price of Rs 1,210, while maintaining a neutral rating on Gujarat Gas. VRL is expected to experience an EBITDA margin expansion in FY24, while Nykaa was cited as being evasive on losses in fashion/beauty distribution businesses.

​They continue to grow at a steady pace of growth, even on a larger balance sheet like what they currently have. I believe that the stock requires a follow up as far as the funds are concerned to add the weightage into their portfolio.

In May 2023, a total of 118 stocks were found to be owned by over 100 mutual fund schemes.