India Daybook: July 03, 2026

The Indian equity markets are set for a high-action session on July 03, 2026, following a bullish close in the previous session where the Nifty 50 breached the 24,150 resistance level. Investor focus shifts toward massive infrastructure MoUs, robust quarterly business updates from the banking and retail sectors, and a flurry of blue-chip stocks trading ex-dividend today.

📍 PROJECT WIN

• Adani Enterprises: The flagship company signed a landmark Memorandum of Understanding (MoU) with Abu Dhabi-based International Resources Holding (IRH) to develop a ₹1.08 lakh crore greenfield aluminium project in Odisha. The project includes a 4 MMTPA alumina refinery and a 2 MMTPA aluminium smelter.

📍 Q1 BUSINESS UPDATE

• Dhanlaxmi Bank: The lender reported a strong 26.5% YoY growth in gross advances to ₹157.85 billion for the quarter ended June 30, 2026. Gold loans saw a massive surge of 75.9% YoY, while total deposits grew by 17.1%.
• NMDC: The mining major reported strong iron ore production figures for June 2026, maintaining its growth momentum into the new quarter.
• V2 Retail: The company signaled strong Q1 growth momentum in its latest operational update, reflecting robust consumer demand in the value retail segment.

📍 REGULATORY APPROVAL

• Lupin: The pharma major received an Establishment Inspection Report (EIR) with "Voluntary Action Indicated" (VAI) status from the USFDA for its Somerset facility, resolving long-standing compliance uncertainties. Additionally, it secured EMA approval for two new pediatric strengths of Namuscla in Europe.
• Glenmark Pharmaceuticals: The company secured India’s first Phase 3 clinical trial approval for its Antibody-Drug Conjugate (ADC) candidate, Trastuzumab Rezetecan, targeting ovarian cancer.
• Alembic Pharmaceuticals: The company received final USFDA approval for its generic Dapsone gel, used for treating acne vulgaris.

📍 CORPORATE ACTION & DIVIDENDS

• Ex-Dividend Today: Several high-profile stocks will trade ex-dividend on July 3, including Tech Mahindra, Mahindra & Mahindra (M&M), Union Bank of India, Thermax, and Redington.
• Persistent Systems: Remains in focus following its strategic move to acquire a majority stake in German IT firm Nagarro SE for approximately EUR 81 per share.

📍 BULK DEALS

• ADF Foods: Approximately 6.10 lakh shares were traded on the NSE at an average price of ₹325.42.
• AWL Agri Business: ICICI Prudential Mutual Fund acquired 1.3 crore shares from Global Fund Australiansuper in a significant block deal.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News