Sector Wise update for June 24, 2025

Market & Macro Trends
Market Rally: Stocks surged on a ceasefire between Israel and Iran; GIFT Nifty futures rose around +0.8%, and MSCI Asia ex-Japan climbed over 1.5%.

Lower Crude & Stronger Rupee: Brent fell over 2% to sub‑$70/barrel; INR firmed to ₹86.10–86.15/USD.

Bond Market Calm: 10-year G‑Sec yields remained steady.

Financial Services & Banking
STRIPS Policy Concern: Insurers raise concerns over RBI’s 14‑year cap on state‑bond STRIPS—calling for revision.

Adani EMI Debt Buyback: Senior secured notes repurchased in open market for $49.5 Mn; debt now $830.5 Mn.

Satin Creditcare: Board convenes June 27 to explore ₹5,000 Cr NCD issuance.

Bank of India: Reviewing long-term bond issue plan on June 26.

Capital Markets & Debt
L&T ESG Bond: First ₹500 Cr ESG bond listed on NSE—marks sustainability financing milestone.

Energy & Utilities
HPCL (STFG): Investing ₹1,600 Cr in 24 bio‑CNG plants to cut CNG/LPG imports by FY’29.

Infrastructure & Ports
Cochin Shipyard: Awarded ₹100–250 Cr order for two luxury river cruises.

HG Infra: Lowest bidder for ₹118 Cr military engineer services project.

Automotive & Auto Tech
TVS Motor: Launched HLX 150 5G in Congo—new emerging market for 150cc bikes.

Tata Motors: Announced pricing for Harrier EV (RWD) – ₹21.49–27.49 L; bookings start July 2.

Real Estate & Housing
Mahindra Lifespace: Launched “Codename 64” premium housing project in Malad (West), Mumbai.

Chemicals & Specialty
Indo Count: Set up subsidiary in Shanghai.

Garware Technical Fibres (UK arm): Acquiring Norway-based Offshore & Trawl Supply AS.

Renewables & Clean Energy
Acme Solar: Commissioned another 3.3 MW in Pokhran; total RE capacity now 2,829.5 MW.

Defense & Aerospace
Swan Energy: Created Swan Balu Heavy Industries—60% stake for defense/aerospace output.

Corporate Strategy & M&A
Metro Brands: Exclusive India & SAARC distributor for Clarks—runs offline & digital sales.

Devyani International: Increased share in Sky Gate Hospitality to 86.1% (₹106 Cr).

Investor Takeaways
Geopolitical calm + cheap oil = positive market backdrop: Inflection point for cyclicals.

Debt and ESG focus: Adani EMI repurchase and L&T’s green bond showcase liability management and clean funding.

EV and emerging market push: Tata Harrier bookings and TVS expansion suggest accelerating electric (and conventional) vehicle demand abroad.

Strategic expansion: Metro, Garware, Indo Count, Swan demonstrate international growth and vertical integration.

Skill in renewables & defense: Acme and Swan highlight sectoral diversification amid policy support.