🇮🇳 India Daybook ~ Stocks in News
Published: 2025-06-30 16:08 IST | Category: Markets | Author: Abhi
Indian equities are trading with a negative bias on June 30, 2025, with the Nifty 50 and BSE Sensex experiencing declines, largely attributed to profit-taking in the financial sector and weakness in auto stocks. Despite the overall market pressure, several companies are making headlines with stock-specific movements driven by corporate announcements and market developments. The broader market, represented by the S&P BSE SmallCap index, is showing strength, indicating renewed investor interest in smaller companies. Global cues are mixed, with easing geopolitical tensions and optimism surrounding potential trade agreements providing some support, while concerns over US tariffs persist.
Positive Buzz
- BHEL: The company's shares gained after securing a significant ₹6,500 crore order from Adani Power. (Positive)
- Hindustan Aeronautics Limited (HAL): The company remains in focus following a contract to supply 34 Advanced Light Helicopters to the Indian Army, further strengthening its defense portfolio. (Positive)
- Tata Steel: The company may see action after reports of a ₹16,000 crore investment aimed at expanding its Kalinganagar plant by 5 MTPA, reflecting a strategic push to scale domestic capacity. (Positive)
- State Bank of India (SBI): The bank is among the top gainers today due to renewed optimism in public sector banks, supported by government initiatives to monetize subsidiary investments. (Positive)
- Shriram Finance: The company is drawing investor attention as sentiment brightens around non-banking financial companies (NBFCs), aided by recent regulatory moves and robust retail participation. (Positive)
- Jio Financial Services: The company is in focus today following recent regulatory clearances for its broking and asset management ventures, which has strengthened investor confidence in its financial sector expansion. (Positive)
- HDFC Life: The company is attracting investor interest due to its strong performance and expanding market share in the life insurance sector. (Positive)
- Aptus Value Housing Finance India Ltd: CARE Ratings has upgraded the credit rating of the company's long-term bank facilities and NCDs to CARE AA; Stable from CARE AA-; Positive. (Positive)
- Ambuja Cement: The company's shares traded up after commissioning a 2.4 Million Ton Per Annum (MTPA) brownfield expansion of its Cement Unit in Sankrail, West Bengal, increasing its total capacity. (Positive)
- Sundaram Finance Holdings: The board approved the acquisition of up to 4.99% stake in India Motor Parts & Accessories Limited (IMPAL), increasing its overall holding. (Positive)
Neutral Developments
- L&T Technology Services (LTTS): The stock traded flat following a strategic partnership with thyssenkrupp Steering business unit to establish a global software hub in Pune. (Neutral)
- HDFC Bank & ICICI Bank: These banks are expected to see institutional flows today due to the scheduled rebalancing of NSE indices, with HDFC Bank notably having closed at a record high in the previous session. (Neutral)
- Indian Rupee: The currency is expected to open on a firm footing today, supported by gains in other Asian currencies amid easing global trade tensions. (Neutral)
- IPO Market: The primary market is buzzing with activity, featuring seven new IPOs opening for subscription and nineteen listings scheduled, including HDB Financial. (Neutral)
- Gold & Silver: Precious metals remained largely steady today. (Neutral)
- Crude Oil: Prices declined in early trade, weighed by optimism around supply-side stability and softening geopolitical risk in the Middle East. (Neutral)
Negative News
- Overall Market: Indian equity benchmarks, Nifty and Sensex, are trading lower today, snapping a four-session rally, as profit-taking in financials and declines in auto stocks weigh on sentiment. (Negative)
- Nifty IT Index: The index is underperforming today, slipping due to weakness observed in global tech stocks. (Negative)
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex