Sector wise daily news update for July 4, 2025

Market & Macro
• Indian Equities: Sensex fell ~0.2%, Nifty down 0.19% to 25,405 amid F&O expiry volatility and caution ahead of potential U.S.–India trade deal. GIFT Nifty signals a flat start.
• SEBI Action: Indian regulator barred U.S. firm Jane Street from trading in India and impounded ₹48.4 billion for alleged derivatives manipulation. Analysts see this as isolated with minimal impact on FPIs.
• Currency & Liquidity: Stronger-than-expected U.S. jobs data lifted the dollar; the rupee is expected to open around 85.46–85.50 and RBI to conduct ₹1 lakh crore reverse repo auction to manage surplus liquidity of ₹3.75 trillion.

Banking & Financial Services
• Retail banks (HDFC/ICICI) supported markets (+0.7 1%), but PSU banks like PNB fell (~ 2.5%) on weak loan growth.
• Rupee Outlook: Stabilised on hopes of U.S.–India trade deal and U.S. rate cut delay.

• IPO Pipeline: India remains an IPO hotspot with ~$2.4B expected in July, led by Credila, NSDL, Pine Labs, LG India, etc.

Infrastructure & Utilities
• RBI plans major reverse repo to absorb surplus liquidity—sentimentally supportive for banking and lending to infra.

Banking & Financial Services
• UCO Bank: Reported 13.67% YoY growth in Q1 FY26, with total business reaching ₹5.24 lakh crore.
• Yes Bank: Loans and advances declined 2% QoQ to ₹2.41 lakh crore; deposits fell 3% QoQ to ₹2.75 lakh crore.
• Punjab & Sind Bank: Total business grew 10.9% YoY to ₹2.3 lakh crore; gross advances rose 13.9%.
• Bajaj Finance: Q1 FY26 update showed a 15% YoY increase in deposits to ₹72,100 crore; AUM up 25% YoY to ₹4.41 lakh crore.
• L&T Finance: Retail loan book grew 18% YoY to ₹99,800 crore; retail disbursements rose 18% to ₹17,510 crore.
• ICICI Lombard: Received relief from Bombay HC in ₹1,902 crore GST demand case; matter referred for rehearing.

Capital Markets & IPOs
• July sees ~10 IPOs launching, including Travel Food Services and Crizac, spotlighting a strong SME segment.

Corporate & Stocks to Watch
• Tata Steel: Shares fell marginally ( 0.03%), underperforming peers on broader market weakness
• Top Picks: Expert Vaishali Parekh recommends Sandur Manganese, Latent View Analytics, and Lloyds Engineering Works.
• Bajaj Broking suggests buying UPL and Chennai Petroleum amid market resilience.

Consumer & Retail
• PC Jeweller: Q1 FY26 revenue rose 80% YoY due to festive/wedding demand; aims to be debt-free by FY26.
• Marico: Consolidated revenue grew in low 20s% YoY in Q1; Saffola Oils strong, Parachute slightly down; margin pressures may ease in H2 FY26.
• Reliance Retail: Made a minority investment in UK-based FACEGYM; to launch facial workout offerings at Tira stores.

Chemicals & Specialty Materials
• Godawari Biorefineries: Received a European patent for an innovative anti-cancer molecule.
• Alembic Pharma: Received tax demand of ₹33 crore (including interest) from Sikkim tax authorities.

Industrials & Capital Goods
• Bharat Forge: Incorporated a step-down subsidiary, Agneyastra Energetics.
• Defence Stocks: Ministry of Defence approved ₹1.05 lakh crore in capital acquisitions, all under 100% indigenous procurement.

Energy & Utilities
• ONGC: Signed agreement with Mitsui O.S.K. Lines to develop two Very Large Ethane Carriers for petrochemical transport.
• Aegis Logistics: Commissioned LPG cryogenic terminal at Pipavav (48,000 MT); will be transferred to Aegis Vopak Terminals.
• IEX: Reported 6.5% increase in June electricity trading volumes to 10,852 MU; Q1 FY26 volumes rose 15% YoY.

Metals & Mining
• Vedanta: Aluminium production up 1% YoY to 6 lakh tonnes; Zinc International output surged 50% to 57,000 tonnes.

Global & Policy
• PMI Data: India’s composite PMI jumped to 61.0—the fastest expansion in 14 months, driven by services growth (60.4).
• Global Confidence: Growth in services (highest in 10 months) adds to resilience amid global uncertainty.

Key Takeaways for Investors
F&O expiry, trade-deal anticipation, and liquidity management will dominate near-term trends.
India’s strong macro performance (PMI, IPO pipeline) supports a cautiously bullish outlook.
Regulatory actions (Jane Street) validate oversight but unlikely to trend into broader FPI movements.
Smart stock picks: analysts favor metals, select financials, and niche industrial names

Source : Media news and portals