Sector wise daily news update for July 3, 2025

Regulatory & Tax Notices
• Voltas: ₹265 crore show-cause notice related to GST shortfall for FY19–21 from merged entity Universal Comfort.
• Akzo Nobel: Received a ₹2.26 lakh tax liability notice from Maharashtra GST Dept.
• HEG: Show-cause notice from Bhopal GST for ₹282.34 crore including recovery of IGST refunds.
• Shree Renuka Sugars: Arm penalized ₹4.7 crore by the Income Tax Dept over AY12–13 documentation.
• Coromandel International: Received CCI nod to acquire 53.13% stake in NACL Industries.

Market & Macro
• Equity Markets: Nifty 50 rose 0.4% to 25,555.2, Sensex climbed 0.41% to 83,752.4, bolstered by optimism over U.S.–India trade talks and a U.S.–Vietnam deal
• Asian Peers & Currencies: MSCI Asia ex-Japan gained 0.25%, and the rupee is expected to open stronger (85.60–85.64/US$) on trade hopes and soft U.S. job data
• PMI Data: Services PMI jumped to 60.4 in June, its highest in 10 months; Composite PMI at 61.0, marking fastest expansion in 14 months
• Gold & Commodities: Gold eased amid anticipation of U.S. payroll data; spot gold ~$3,348/oz

Capital Markets & IPOs
• IPO Pipeline: Over $2.4 bn expected in July — Credila, NSDL, Aditya Infotech, Pine Labs, LG Electronics India among upcoming issuances
• Market Share: SMEs and broader IPO reforms are gaining traction; single contract note introduced for NSE/BSE.
Key Block Deals & Fundraising
• Nykaa: The Banga family plans to sell a 2.1% stake worth ₹1,198 crore via block deal at ₹200/share — a 5.5% discount to the last close.
• Adani Enterprises: To raise ₹500 crore via NCDs, with an additional ₹500 crore green-shoe option. Issue opens July 9.
• Mahindra Finance: Q1FY26 disbursements (ex-leases) at ₹12,800 crore. AUM up 15% YoY to ₹1.2 lakh crore. Stage-3 assets ~3.8–3.9%; liquidity strong at ₹9,600 crore+.

Banking & Financial Services
• Retail Banks: HDFC Bank & ICICI Bank rose ~0.7–1%; PSU peers declined slightly
• NCD Market Boost: HDB Financial Services rallied ~4% on strong debut
• Trade Flow: FPIs net bought ~$129M in equities and sold ~$37M in bonds
• Punjab National Bank: Global deposits up 12.8% YoY to ₹15.9 lakh crore; global advances up 9.9%; business at ₹27.2 lakh crore.
• Indian Bank: Deposits up 9.3% YoY to ₹7.4 lakh crore; advances up 11.3%. MCLR cut by 5 bps w.e.f. July 3.
• RBL Bank: Denied reports of stake acquisition interest from NBD Bank. Shares fell ~2%.
• Max Financial: Axis Max Life initiated a data log and cybersecurity audit.
• Motilal Oswal AMC: Crossed ₹1.5 lakh crore in AUM.

Consumer & Retail
• V2 Retail: Q1FY26 revenue surged 51% YoY to ₹628 crore; same-store sales growth at 5%, normalized 10%. 28 new stores opened; total 216.
• Baazar Style Retail: Q1FY26 revenue rose 37% YoY to ₹377 crore; 22 new stores added; total 664.
• Avenue Supermarts (D-Mart): Estimated Q1 revenue at ₹15,932 crore, up 16% YoY; 424 stores operational as of June 30.
• Monte Carlo: Renamed its home textiles arm to MCFL Ventures.

Manufacturing & Commodities
• Hindustan Zinc: Q1 mined metal output up 1% YoY to 265 KT. Refined zinc down 4%, silver down 11%. Wind power generation rose 24% to 134 MU.
• Lloyds Metals: Q1FY26 iron ore output flat at 4 MT; DRI output rose 3% to 79,033 tonnes.
• AIA Engineering: Brazil slashed countervailing duty from 6.5% to 2.9%.

Healthcare & Pharma
• Lupin: Received USFDA nod for Loteprednol Etabonate Ophthalmic Gel (Lotemax SM equivalent).
• Aurobindo Pharma: CuraTeQ Biologics received EU marketing approval for breast cancer drug Dazublys.
• Supriya Lifesciences: Received tax demand of ₹60.4 crore from Mumbai tax authority.
• Bliss GVS Pharma: Show cause notice received regarding ₹6.6 crore IGST refund for FY19.

Infrastructure & Industrial
• Ceigall India: Subsidiary bagged ₹1,199 crore NHAI order for Northern Ayodhya Bypass (35.4 km).
• JSW Energy: Signed 250MW/500MWh battery storage pact with Rajasthan Vidyut Nigam.
• India Pesticides: Expanded its formulation plant capacity by 3,500 MTPA (total now 10,000 MTPA).
• REC: Incorporated SR WR Power Transmission as a wholly owned subsidiary to boost grid interconnectivity.
• Policy Boost: Moody’s highlights RBI’s new infrastructure lending norms will support credit growth

Technology & Media
• Nazara Technologies: AFK Gaming became a 100% subsidiary of Nodwin, now a step-down subsidiary of Nazara.
• Asian Paints vs Grasim (Opus Paints): CCI launched probe into alleged anti-competitive practices by Asian Paints in decorative paints segment.

Equity Sentiment & Outlook
Bullish momentum: Supported by global trade agreements and dovish Fed expectations.
Domestic demand remains strong, with robust services growth and steady inflows.
External factors eyes: Upcoming U.S. payroll data and Fed meeting could influence market trajectory.
IPO watchers: July pipeline looks promising, though sentiment will depend on global cues.

Source : Media news and portals