KEY HIGHLIGHTS
Market At Close:
Broader Market Indices outperformed Benchmark Indices this week
Nifty and Sensex fall this week after gaining for the last two weeks.
Trent and Axis Bank fall the most in Nifty this week
Nifty Realty falls more than 2% for the week, Worst sector for the week.
Macrotech Developers and Brigade Developers fall the most in Nifty Realty.
Nifty Pharma and PSU Bank gains more than 2% for the week.
Natco Pharma and Laurus Labs gain the most among Nifty Pharma.
Nifty Midcap 150 and smallcap 250 gains for the second day in a row.
IDFC First Bank and Kalyan Jewellers are the top gainers in Nifty Midcap 150.
Nifty Oil and Gas gains for third week in a row.
Nifty Realty falls for the second consecutive week.
Nifty Pharma, Media gains for the second consecutive week.
Nifty Financial Services, Nifty Bank, FMCG, Auto snaps two week gaining streak.
Nifty PSU Bank, Metal gains for the 2nd consecutive week.
Rupee Closes Weaker Against US Dollar
Rupee closed 8 paise weaker against US Dollar at 85.40
It closed at 85.32 a dollar on Thursday.
Source: Bloomberg
Stock Market Live: ICICI Prudential CEO Not Among IndusInd CEO Candidates
ICICI Prudential Life Insurance's CEO is not among IndusInd CEO candidates, the company said in the exchange filing.
Stock Market Live: Hindustan Zinc Preferred Bidder UP's Rare Earth Block
Hindustan Zinc has received a Letter of Intent from the Uttar Pradesh government for the Nawatola-Laband Rare Earth Element block. The government has granted the company a license for a 210-hectare REE site in Uttar Pradesh.
Stock Market Live Update: Sapphire Foods Clarifies That No Events On Merger Between Co & Devyani International
Sapphire Foods stated there are no material events regarding merger reports with Devyani International. The company is evaluating various strategic opportunities in the ordinary course, according to an exchange filing.
Stock Market Live: PVR Inox Opens Four Screen Multiplex At SMR Vinay Mall
PVR Inox has opened a four-screen multiplex at SMR Vinay Mall in Ambedkar Nagar, Telangana, according to an exchange filing.
Stock Market Live Update: IRB Infrastructure's InvIT Gets Approval To Buy 3 SPVs
IRB InvIT has received unitholders' approval to acquire three SPVs for an enterprise value of Rs 8,436 crore, according to an exchange filing.
Stock Market Today: MCX To Launch Electricity Futures Contracts From July 10
MCX will launch August, September, October electricity futures contracts from July 10.
Stock Market Today: Dilip Buildcon Completes Raipur-Visakhapatnam Highways
Dilip Buildcon has provisionally completed the 'Raipur-Visakhapatnam-CG-2 Highways' project, according to an exchange filing.
Stock Market Today: KPI Green Energy Arm Gets LoA To Develop 100 MW Solar Power Project
KPI Green Energy's subsidiary has received a repeat Letter of Award to develop a 100 MW solar power project, according to an exchange filing.
Federal Bank Introduces NRE & NRO Current Account Products
Federal Bank has introduced NRE and NRO current account products specifically designed for the non-resident (NR) diaspora, according to an exchange filing.
Stock Market Live: Analysts' Take On Impact of PNGRB Notifications
Exact details have not been made available so far
Based on the earlier draft regulations and calculations,
IGL would benefit by Rs 0.7/scm
MGL would be negatively impacted by Rs 0.5/scm
There would be some negative impact on Gujarat Gas but difficult to quantify currently
GAIL also benefits marginally but quantification not possible currently
Stock Market Live: Shriram Properties Launches Residential Project In Bengaluru
Shriram Properties launched residential project in Bengaluru having revenue potential of over Rs 350 crore, the company said in the exchange filing.
Jane Street Banned From D-Street For Making Illegal Profits — Five Key Things To Know
The Securities and Exchange Board of India (SEBI) has temporarily barred US-based quantitative trading firm Jane Street from accessing India's securities market over alleged manipulated stock indices through positions taken in India's booming derivatives market.
Read the full article here.
Stock Market Live: KP Green Gets Order From Multiple Clients
KPI Green has received orders from multiple clients spanning five different segments, according to an exchange filing.
Marico Share Price Spikes After Q1 Business Update Shows Volume
Shares of Marico Ltd. surged by more than 4% on Friday, following the company's first quarter business update. The company posted an increase in underlying volume for its India business, reaching a multi-quarter high.
The FMCG company attributed this growth to positive trends in its core franchises and the continuous expansion of new business segments. These developments come amid improving conditions in rural markets and stable urban sentiment. Marico anticipates further improvement in the upcoming quarters, driven by easing inflation, a favourable monsoon, and policy stimulus.
Read the full article here.
Jane Street Connect: Angel One, Nuvama Shares Slide After SEBI Crackdown
Shares of prominent Indian brokerages Angel One Ltd. and Nuvama Wealth Management Ltd. fell during early trading on Friday after the markets regulator, SEBI passed interim order to bar US high-frequency trader from the Indian securities market.
Read the full article here.
High-Ticket Loans Surge As Origination Value Slips — CRIF Report Shows FY25 Lending Shift
India’s lending landscape in FY25 has undergone a significant transformation, with lenders witnessing a rise in high-ticket loans even as overall origination value declined, according to the latest annual report from CRIF High Mark.
Read the full report here.
Stock Market Live Update: Arisinfra Solutions' Arm Gets Project Worth Rs 288 Crore In Bengaluru
Arisinfra Solutions' subsidiary, ArisUnitern, has secured a development management project in Bangalore with a gross development value of nearly Rs 288 crore. The subsidiary will have exclusive rights to supply construction materials and offer management services. This project is expected to add Rs 100 crore to the company's combined materials and services order book.
Stock Market Live Update: Zinka Logistics's Arm Gets Prepaid Payment Instrument License
Zinka Logistics Solutions's arm TZF Logistics Solutions received the Reserve Bank of India's Prepaid Payment instruments license.
Stock Market Live Update: Llyods Engineering Buys Stake In Prakar Estates For Rs 140 Crore
Llyods Engineering Ltd. work acquired a 50% stake in Prakar Estates for Rs 140 crore, the exchange filing said.
Stock Market Today: Citi Upgrades ICICI Prudential To Buy
Upgrades to buy from neutral, price target of Rs 800 (vs Rs 690 earlier), upside of 25%
Pickup in ULIP, agility in non-ULIPs and margin comfort
Expect net MF flows to rebound in Jun ’25, ULIP flows tend to lag MF flows
Raise VNB multiple to 17X from 12X, factoring ~400 bps higher decadal VNB CAGR at ~10.5%
The company has de-rated 50% since Sep 2024 owing to volatile margins and slowdown in ULIPs
Stock trades at 40% discount to HDFC Life/Max FS, providing significant comfort
Preferred plays unchanged: HDFC Life/SBI Life
India-US Trade Pact: What’s At Stake For Textile Giants
All eyes are on a high-stakes trade deal between India and the United States that involves thousands of crores in textile exports, with far-reaching implications in the labour industry.
At the centre of the negotiations is a 26% tariff that Indian textile firms currently face while exporting to the US, a market that makes up 28% of India’s textile exports. If India manages to bring this down to 10%, it could be a game-changer for companies like Welspun Living, Trident, and others with large exposure to the US market.
India’s textiles sector has traditionally competed with China and Pakistan in home textiles, with Vietnam and Bangladesh being competition for garments.
Read the full article here.
Stock Market Live: Adani Group Emerges As Highest Bidder For Jaiprakash Associates Insolvency
Adani Group emerges as lead bidder with nearly Rs 14,000 crore bid
Adani Group aims to offer nearly Rs 11,000 crore upfront to creditors
Dalmia Group’s Rs 11,000 crore is second highest
Jaiprakash Associate's cement assets drive much of the value
Source: People In The Know
Stock Market Live Update: Multibagger Paras Defence Shares Jump Over 9% After Stock Split
Paras Defence & Space Technologies Ltd. share price advanced over 9% during early trade on Friday after the stock went ex-trade for its first-ever stock split.
Notably, the small-cap defence company has delivered multibagger returns to investors in the last three-to-five-year period.
Read the full article here.
Stock Market Today: IDFC First Bank Shares Fall After Board Sets Dividend Record Date
Shares of IDFC First Bank slipped during early trade after the board on Thursday announced the record date for dividend and approved the amended investment agreement with Currant Sea.
The board has set the record date for determining eligibility for the dividend recommended on April 26 for Friday, July 11.
Read the full article here.
Stock Market Live Update: Trent Share Price Falls Over 8% As Nuvama Downgrades
Trent Ltd. share price declined 8.71% to Rs 5,652.00 apiece, the lowest level since June 18. The share price declined as Nuvama downgraded the stock to Hold and cut the target price to Rs 5,884 apiece.
Stock Market Live: Zaggle Prepaid To Provide Apollo Health Expense Management Propositions
Zaggle Prepaid Ocean Services Ltd. entered into agreement with Apollo Health & Lifesty and its arms. The company will provide Apollo Health Expense Managemnet propositions, the company said in the exchange filing said.
Profit Explained: How Jane Street Tricked Indian Markets To Make Rs 43,000 Crore In Options Profit
Wall Street's quantitative trader, Jan Street, made a massive profit of over Rs 43,000 crore trading in the Indian options market. The US trader's strategy came into focus during a court case where it was alleged the firm made over $1 billion in options trading in Indian options.
That set the ball rolling in India and the Indian market regulator Sebi began an investigation into the trading patterns of the US delta trader.
Read the full article here.
Sectoral Performance At Open: Nifty Defence Outperforms Sectoral Indices
On National Stock Exchange, nine sectoral indices advanced, four declined, and two remained flat out of 15. The NSE Nifty Defence advanced the most, and the NSE Nifty Consumption declined the most.
Nifty Contributors: HDFC Bank, Airtel, BEL Shares Support
HDFC Bank Ltd., Bharti Airtel Ltd., Bharat Electronics Ltd., Reliance Industries Ltd., and ICICI Bank Ltd. added to the Nifty 50 index.
Trent Ltd., Mahindra & Mahindra Ltd., Tech Mahindra Ltd., Tata Steel Ltd., and Nestle India Ltd. weighed on the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Higher As HDFC Bank, Airtel Shares Advance
The NSE Nifty 50 and BSE Sensex opened higher on Friday tracking a rise in HDFC Bank Ltd. and Bharti Airtel Ltd. shares. The indices were trading 0.03% and 0.10% higher, respectively as of 9:19 a.m.
SEBI Bars Jane Street After Rs 43,289 Crore Index Options Profit
The Securities and Exchange Board of India has barred Jane Street Group entities from accessing the Indian securities market and directed the impounding of Rs 4,843.57 crore in alleged unlawful gains from the group.
According to SEBI’s order, Jane Street earned Rs 43,289.33 crore in profits through trading in index options on Indian exchanges between Jan. 1, 2023, and March 31, 2025.
Read the full article here.
Stock Market Today: Nifty, Sensex Rise At Pre-Open
At pre-open, the NSE Nifty 50 rose 0.09% or 23.55 points higher at 25,428.85, and the BSE Sensex rose 0.08% or 70.12 points higher at 83,306.81.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.30%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 8 paise weaker against US Dollar at 85.39
It closed at 85.31 a dollar on Thursday.
Source: Cogencis
Yardeni Research Seeing Lot Of Optimism For Indian Economy
Edward Yardeni, president, Yardeni Research is seeing a lot of optimism for Indian economy. He said that the US and China is required to reach a trade deal soon. The two biggest economies will soon recognize that they are dependent on each other.
A weak dollar index has become a consensus. Higher US Treasury yields will threaten the US economy, Yardeni said.
BEL, BHEL, BEML Stocks In Focus After Defence Acquisition Council Greenlights Rs 1-Lakh-Crore Worth
Defence-related stocks like Bharat Electronics Ltd., Bharat Forge Ltd., BEML Ltd. and Bharat Dynamics Ltd. will be in focus on Friday after the Defence Acquisition Council approved 10 capital-acquisition proposals worth Rs 1.05 lakh crore.
Read the full article here.
Stock Market Live: Angel One Business Update (MoM)
June client base rose 1.6% to Rs 3.2 core
June orders fell 5.4% at 11.5 crore
June average daily orders fell 5.4% to 54.7 lakh
June gross client acquisition fell 9.3% to 5.5 lakh
Stock Market Live: Nuvama On Trent
Downgrade Trent to ‘HOLD’ with a revised TP of Rs. 5,884 (earlier INR6,627)
Disappointed on near-term growth expectations in core fashion business
Cutting FY26E/27E revenue by -5%/-6% and EBITDA by -9%/-12%
Pickup in Zudio Beauty and the Star business can become the next big growth levers
Oil Prices Continue To Fall Before OPEC+ Meet
Oil prices extended losses to second session ahead of Organization of Petroleum Exporting Countries and allies in the upcoming weekend. Market participants are expecting that OPEC+ will deliver another output hike.
Brent crude was trading 0.23% down at $68.64 a barrel as of 7:36 a.m.
Asia Market Update: Hang Seng Falls Over 1%
Most Asia-Pacific markets declined Friday with the Hang Seng index falling over 1%. Markets in Japan, and Australia advanced as upbeat US jobs data nullified some concerns about the US economy.
The Hang Seng and KOSPI were trading 1.34% and 1.05% down, respectively as of 7:28 a.m. The Nikkei 225 and S&P ASX 200 were trading 0.27% and 0.19% higher, respectively.
US Market Update: S&P 500 And Nasdaq Composite Hit Record High On Upbeat Jobs Data
The S&P 500 and Nasdaq Composite indices hit record high as US upbeatjobs data assured traders about the world's largest economy's labour market.
US non-farm payroll advanced 147,000 for June compared to 110,000 expectation for the month. Jobs advanced on the back of aggressive government hiring.
The Dow Jones Industrial Average rose 0.77% to 44,828.53. The S&P 500 rose 0.83% to 6,279.35. The Nasdaq Composite rose 1.02% at 20,601.10
GIFT Nifty Implies Lower Open; Bajaj Finance, ONGC, Vedanta Shares In Focus
The GIFT Nifty was trading 0.14% or 35 points lower at 25,525.50 as of 6:48 a.m., which implied a lower open for the NSE Nifty 50 index.
Investors may monitor prices of Vedanta Ltd., Bajaj Finance Ltd., Yes Bank Ltd., and Oil and Natural Gas Corp Ltd. because of the overnight news flow.
The Indian benchmark equity indices erased the intraday gains to close lower for the second consecutive day on Thursday, dragged by share prices of Kotak Mahindra Bank Ltd. and Bharti Airtel Ltd.
The NSE Nifty 50 ended 48.1 points or 0.19% lower at 25,405.30, while the BSE Sensex closed 170.22 points or 0.2% down at 83,239.47.
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