Monthly Equity Market Outlook for June 2025 by ICICI Prudential Mutual Fund

Global Equity Markets: Korea in the spotlight
• Global equity markets upheld its upside momentum in May 2025
• Russian stocks slid as investors continue to weigh the risk of further sanctions by US and EU
• Korea's consistent FII outflow trend finally stopped after 9 months, with the country experiencing an FII inflow of US$887 Mn in May, compared to a sharp outflow of US$6,955 Mn last month
• Continued moderation in tariff concerns and resultant US recession risks, as well as renewed optimism around AI capex were the key drivers of Korean optimism
Indian Markets: Wide spread optimism
• The rally in Indian markets continued on back of improving growth prospects of the economy
• Lower inflation expectations and RBI’s boost to liquidity fueled the recent rally
• Realty stocks ended higher on back of impressive earnings print, RBI rate cuts and healthy demandsupply scenario
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