Sector wise update for July 2, 2025

Corporate & Legal

• HEG: Received a ₹282.34 crore GST show cause notice from Bhopal Tax Authority.
• Shree Renuka Sugars: Arm received a ₹4.7 crore income tax penalty for AY 2012–13.
• NMDC: June iron ore production rose to 3.57 MT (vs. 3.37 MT YoY); sales fell to 3.58 MT (vs. 3.73 MT).

Market & Macro

• Saudi–India trade negotiations and Fed rate-cut expectations are keeping Nifty 50 buoyant. Banks, telecom, IT, and cement sectors are most favored by investors, with autos showing signs of short covering
• India’s inflation remains moderate, helping buffer against global economic headwinds
• India–US trade negotiations maintained cautious momentum ahead of a July 9 deadline
• Corporate sales growth hit 7.2% in FY24–25, improving from 4.7% last year, although gains remain uneven and cost pressures linger

Banking & Financial Services

• SBI to raise ~₹50,000 Mn via Tier-II bonds by Aug, supporting Basel-III capital requirements
• FPIs showed balanced sectoral activity in June, with Telecom and Services attracting the largest inflows, while IT and Healthcare saw modest net selling
• Hiring Outlook: July–Sept hiring remains steady, with strong demand in IT, Energy, and BFSI sectors

Capital Markets & IPOs
• Heavy IPO pipeline: >$2.4 bn planned in July—expect listings from Credila, NSDL, Aditya Infotech, M&B Engineering, among others

Auto & Mobility

• Market outlook remains supportive. Nifty consolidating above 25,500 with key upside barriers between 26,000–26,200
• Hyundai Motor India: Passenger vehicle sales in June stood at 60,924 units, above estimates of 59,400 units. Domestic sales were 44,024 units (vs. 43,861 in May), and exports rose to 16,900 units (vs. 14,840 in May). (Positive)
• Maruti Suzuki: Total sales for June fell 6% YoY to 1.68 lakh units (estimate: 1.675 lakh). Domestic sales declined 12% to 1.3 lakh units, while exports rose 22% to 37,842 units. Passenger vehicle sales dropped 13% YoY. (Mixed)

Financials & NBFCs

• CreditAccess Grameen: Raised a total of ₹2,570.1 crore in Q1 FY26 through term loans, ECBs, cash credits, and direct assignments. (Positive)
• Adani Enterprises: To issue NCDs worth ₹500 crore, with a green-shoe option of another ₹500 crore. The issue opens July 9–22. (Neutral)
• Union Bank of India: Approved raising funds of up to ₹6,000 crore via debt and equity. (Positive)
• REC: Incorporated SR WR Power Transmission as a wholly owned subsidiary to improve inter-regional grid connectivity. (Positive)

Infrastructure & Industrials

• Ceigall India: Its arm secured a ₹1,199 crore order from NHAI for constructing the Northern Ayodhya Bypass. (Positive)
• NIBE: Received a ₹22.7 crore order for turret structure assemblies, to be completed by June 2026. (Positive)
• JSW Energy: Subsidiary signed a pact for a 250 MW/500 MWh battery storage system with Rajasthan Vidyut Utpadan Nigam. (Positive)

Pharmaceuticals & Healthcare

• Lupin: Received US FDA approval for Loteprednol Etabonate Ophthalmic Gel (ANDA), a generic version of Lotemax SM. (Positive)
• Supriya Lifesciences: Received a ₹60.4 crore demand notice (tax + penalty) from the Mumbai Commissioner’s Office. (Negative)
• Dr. Reddy’s Laboratories: (from earlier) Received US FDA approval for Carbidopa and Levodopa. (Positive)

Chemicals & Materials
• Balaji Amines: Received consent to operate its Isopropylamine facility. Trial runs to begin shortly. (Positive)
• India Pesticides: Commissioned expansion of formulation plant capacity by 3,500 MTPA to total 10,000 MTPA. (Positive)

Real Estate & Cement

• Godrej Properties: Sold 2.5% stake in Vivrut Developers to Godrej Ventures & Investment Advisers for ₹8.6 crore. (Neutral)
• Ultratech Cement: Commissioned a 1.8 MTPA cement grinding mill in Madhya Pradesh. (Positive)

Consumer & Retail

• Cantabil Retail: Opened three new showrooms in June, total now at 607. (Positive)

Gaming, Media & Entertainment

• Nazara Technologies: AFK Gaming became a wholly owned subsidiary of Nodwin, and a step-down subsidiary of Nazara. (Positive)
• Asian Paints vs. Grasim Industries: CCI ordered an investigation into alleged abuse of dominance by Asian Paints, based on Grasim’s complaint. (Neutral-to-Negative for Asian Paints)

Technology & IT

• Mixed sector flows: Foreign investment rotated, with IT witnessing selling and Telecom enjoying inflows

Investor Sentiment & Outlook

1. Bullish bias continues: domestic funds leading returns; markets expected to challenge historical highs .
2. Macro tailwinds: benign inflation, steady PMI, and early trade deal optimism create a supportive backdrop.
3. Capex and hiring momentum signals business confidence—particularly in BFSI, Energy, and IT sectors
4. FPI rotation highlights thematic investment flows; Telecom and Services benefit from global yield narratives .
5. IPO season gearing up: watch upcoming listings—Credila, NSDL, Pine Labs—as oversubscription risks may create volatility .