Sector wise update for July 1, 2025

Corporate Governance / Regulatory
• New India Assurance: Received ₹2,298 crore GST demand notice for FY18–FY23.
• Sterling Tools & Bansal Wire: Received GST show cause notices of ₹9.7 crore and ₹127 crore respectively.
• BSE: SEBI imposed ₹25 lakh fine; no material operational impact.

Market & Macro
• Markets poised for gains: Equities expected to open higher—Gift Nifty around 25,636; MSCI Asia ex Japan +0.6%. Wall Street positive as U.S.–India trade talks advance; oil prices eased on expectations of an

August OPEC+ output increase
• Rupee & Bonds: Rupee likely to edge up following a softening U.S. dollar, though importers’ dollar demand may limit gains
• Economic Data: HSBC Manufacturing PMI for June around 58.5 (above 58.4 prior), signaling sustained expansion
• Commodities: Oil slipped (benefiting India) while gold stabilized after a rebound.

Stock Market / Technicals
• Indices:
• Sensex closed at 83,606 (-0.54%), Nifty at 25,517 (-0.47%), Bank Nifty at 57,313 (-0.23%)
• Volatility: India VIX rose 3.2% to 12.79 – indicating increased market nervousness.
• FII/DII Activity: FII sold ₹787.62 Cr, DII bought ₹3,383.01 Cr
• Top Gainers: Raymond (+13.62%), APLLTD (+7.25%), Deepak Fert (+7.11%)
• Top Losers: JB Chemicals (-6.78%), Home First (-6.47%), Jyoti CNC (-5.92%)

Capital Markets & IPO Pipeline
• Curefoods India filed an ₹800 Cr DRHP, preparing for an IPO.
• Foodlink F&B Holdings also filed for an IPO, signaling fresh capital raise in food & beverage space
• NSE SME IPO Rules revamped from July 1, poised to improve transparency and participation

Capital Goods / Engineering
• CG Power: Opened ₹3,000 crore QIP at a floor price of ₹679.08 per share.
• KSB: Secured boiler feed pump orders for NTPC’s Gadarwara & Nabinagar supercritical projects.
• Bharat Electronics (BEL): Received additional orders worth ₹528 crore, including radars, jammers, EVMs, shelters.
• Premier Energies: Commissioned new 1.2 GW TOPCon solar cell line in Hyderabad.
• Power Mech Projects: Received ₹159 crore solar plant order from Bihar State Power Generation Company.
• Diamond Power: Recommissioned EHV testing lab with NABL accreditation.

Power / Energy / Utilities
• NTPC: Commissioned 660 MW unit-3 of Barh STPP Stage-I.
• ONGC: Approved $412M corporate guarantee for OVL overseas fundraising.
• JSW Energy: Signed 300 MW solar-wind hybrid PPA with NHPC; completion in 24 months.
• Gujarat Alkalies: 75 MW solar power project by GIPCL is now fully operational.
• Adani Energy: Adani Electricity Mumbai repurchased $49.5 million senior secured notes in open market.

Technology / IT
• HCL Technologies: Signed multi-year collaboration with OpenAI to accelerate enterprise AI adoption.
• TCS: Launched two new automotive delivery centres in Germany and engineering centre in Romania.
• Tanla Platforms: Subsidiary Karix Mobile incorporated a new arm in Saudi Arabia.
• Tejas Networks: Partnered with Rakuten Symphony to drive global 5G rollout.

Auto & Auto Components
• Ashok Leyland: S Mahesh Babu resigned as CEO of Switch Mobility; COO Ganesh Mani takes interim charge.
• TVS Motors: Launched new HLX 150 5G in the Republic of Congo.
• Tata Motors: Announced Harrier.EV launch pricing; bookings start July 2.

Healthcare / Pharma
• Apollo Hospitals: Announced spin-off of digital health, pharmacy, and telehealth into “NewCo”; Keimed to merge into it. FY25 rev ~₹16,300 Cr; FY27 target: ₹25,000 Cr.
• Astec Lifesciences: Approved ₹249.35 Cr rights issue; opens July 14, 1:7 ratio.
• Dr. Reddy’s: Received USFDA approval for Carbidopa + Levodopa.
• SMS Pharma: Completed USFDA inspection with zero Form-483s.
• Granules India: Received 1 Form 483 observation from USFDA after
Hyderabad plant inspection.

Infrastructure / Construction / Cement
• Kalpataru Projects: Bagged ₹989 crore overseas T&D orders; FY26 intake reaches ₹7,150 crore.
• NCC: Won ₹1,690.51 crore worth of building orders in June.
• Ultratech Cement: Commissioned 1.8 MTPA grinding mill in Madhya Pradesh.
• Infra.Market secured $50 Mn debt funding to expand India’s building-materials platform, ahead of IPO

Banking & Financial Services
• Bank of India: Cut MCLR by 5 bps across tenures effective July 1.
• Yes Bank: Shweta Jalan resigned as director; D Shivakumar appointed.
• AAVAS Financiers: Promoters sold 2.09 Cr shares to Aquilo House, making it new promoter.
• Jio Financial: Invested ₹190 crore in Jio Payments Bank.
• Union Bank: Approved ₹6,000 crore fundraising via debt and equity.
• Satin Creditcare: Board to consider ₹5,000 crore NCD fundraising on June 27.

Chemicals / Fertilizers
• Balaji Amines: Received consent to begin ISOPROPYLAMINE production.
• Rashtriya Chemicals & Fertilizers (RCF): Denied DoF recognition of ₹204 crore spot gas claim.

Real Estate
• Embassy Group: Acquired 100% stake in Squadron Developers for ₹456.6 crore.
• Mahindra Lifespaces: Launched “Codename64” project in Malad West, Mumbai.

Consumer / Retail / Lifestyle
• Godrej Industries: Invested ₹285 crore in Godrej Capital; stake increased to 90.89%.
• Associated Alcohols: Launched premium whisky “Hillfort” in Uttar Pradesh.
• Metro Brands: Partnered with Clarks to be exclusive retail/digital partner in India & SAARC nations.
• SkyGold: Allotted 2.07 lakh shares on conversion and bonus shares (9:1 ratio).
• Timex Group: Promoter to sell 15% via OFS on June 25–26.

Aerospace / Defence
• Hindustan Aeronautics: Selected by ISRO for design/manufacturing of Small Satellite Launch Vehicle.
• REC Ltd: Incorporated new step-down arm — Ananthapuram II

Power Transmission.
• Deep Industries: Bagged ₹45 crore Oil India order for rig package.
• Bharat Electronics: Multiple defence orders including radars, jammers, etc.

Logistics / Infra Services
• GMR Airports: ESR GMR Logistics Park now a subsidiary of GMR Hyderabad International Airport.
• Western Carriers: Received ₹230 crore order from Jindal Stainless for EXIM rail logistics.

Investor Highlights
• Equity sentiment remains upbeat, driven by trade optimism and energy tailwinds.
• Rupee’s modest rise amidst benign dollar trends may help contain imported inflation.
• IPO readiness continues in food-tech and consumer sectors; SME reforms could expand opportunities.
• Manufacturing momentum sustained, as PMI data confirms June expansion.
• Commodity price stability supportive of cost outlook, particularly for energy and gold.