Business Standard

• The banking system's liquidity surplus reached ₹4.04 trillion on Thursday, marking the highest level since May 19, 2022, primarily due to increased government spending and a record surplus transfer by the central bank.
• SEBI has barred US trading firm Jane Street from Indian markets, pending the return of alleged unlawful gains amounting to ₹4,840 crore, and has updated key regulatory policy norms for transporting natural gas.
• The services sector in India ended the first quarter of FY26 on a strong note, with output and new order intakes rising at their fastest rates since August 2024, supported by robust international sales and job creation.
• Adani Group has emerged as the frontrunner to acquire Jaiprakash Associates Ltd (JAL) with a bid of up to ₹12,500 crore.
• Electric motorcycle startup Matter Motor Works is actively exploring alternatives for rare earth magnets as existing stocks are projected to last only three to four months.
• The Indian National Space Promotion and Authorization Centre (IN-SPACE) facilitated the transfer of ten advanced technologies developed by ISRO to six Indian industries.
• India has proposed retaliatory duties against the US over auto tariffs at the WTO.
• The Supreme Court has declined to quash an FIR against HDFC Bank MD Sashidhar Jagdishan.
• India's fintech sector ranks third globally in funding rounds for the first half of 2025.

Economic Times

• The Sensex snapped a two-day losing streak, closing 193 points higher at 83,432.89, while the Nifty gained 55.7 points to settle at 25,461 on July 4, 2025.
• Investor caution persisted due to uncertainty over an India-U.S. trade deal and the looming July 9 deadline for potential US tariffs.
• Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, and UltraTech Cement were among the top gainers, while Trent saw a significant drop of 11.37%.
• Suzlon Energy received 'no adverse observations' from NSE and BSE, clearing the way for its merger with wholly-owned unit Suzlon Global Services Ltd.
• Godrej Consumer expects strong double-digit revenue growth in Q1.
• J.P. Morgan economists suggest that despite abundant liquidity in India's banking system, a significant increase in credit growth remains unlikely.
• The Rupee ended the week little changed, with traders focusing on the upcoming tariff deadline.
• The realty and oil & gas sectors showed strong performance.
• Former Niti Aayog CEO Amitabh Kant has been appointed as a Non-Executive Director to IndiGo's board.
• Patanjali Ayurved has been restrained by the Delhi High Court from airing television advertisements that disparage Dabur India's Chyawanprash products.
• India may permit imports of certain processed, genetically modified US farm products as part of efforts to finalize a trade deal with Washington.
• JSW Group has secured ₹9,300 crore in financing for its acquisition of Akzo Nobel.
• UBS has initiated coverage on PNB Housing Finance with a 'Buy' rating, anticipating a potential 17% upside.
• Sundaram Home Finance is expanding its operations in Madhya Pradesh by inaugurating new branches.

Mint

• InCred Equities released its high-conviction stock ideas for July, recommending nine largecap stocks including HDFC Bank, TCS, Bajaj Finance, Maruti Suzuki, Axis Bank, NTPC, Bajaj Auto, Shriram Finance, and Lupin.
• The brokerage noted weak industrial production growth, credit growth, and investments, but highlighted above-normal monsoon rainfall in June 2025 as a key positive, covering the entire country nine days ahead of schedule.
• PNB reduced its MCLR by 5 basis points across various loan tenures.
• Bank of Baroda (BOB) has waived off minimum account balance charges on savings bank accounts.
• Experts recommended specific stocks under ₹100 for intraday trading, including Lloyds Engineering Works, ESAF Small Finance Bank, and Motherson Sumi Wiring India.
• The Sensex and Nifty 50 closed with mild gains despite market volatility, with the Nifty reclaiming the 25,400 level.

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