Business Standard

• Market Performance: Indian equity benchmarks concluded the day lower on June 30, snapping a four-day gaining streak. The BSE Sensex declined by 452.44 points (0.54%) to close at 83,606.46, while the broader Nifty Midcap100 and Smallcap100 indices registered gains. The Nifty PSU Bank emerged as the top sectoral gainer.
• Government and Policy: Finance Minister Nirmala Sitharaman is set to undertake a six-day visit to Spain, Portugal, and Brazil. The government also maintained unchanged interest rates on small savings schemes for the second quarter.
• Financial Sector Developments: An RBI report indicated that the Indian financial system remains resilient despite global uncertainties. However, global lenders might resist the RBI's proposed offshore swap reporting plan. New India Assurance received a significant GST demand notice of ₹2,298 crore for five financial years. Additionally, the IRDAI flagged concerns with eight insurers regarding their adherence to health master circular norms. AU Small Finance Bank has partnered with LIC to expand its life insurance reach.
• National Board of Revenue (NBR): The Finance Adviser expressed satisfaction over the withdrawal of the recent strike by NBR officials and staff, urging them to resume work with sincerity and impartiality.
• Stocks to Watch: Several stocks were in focus for trading on June 30, 2025, including ITD Cementation, Asian Paints, BHEL, RVNL, Titagarh Rail System, NTPC, TVS Holdings, Waaree Energies, Torrent Pharma, Tata Steel, Mazagon Dock, and Suzlon.

Economic Times

• Economic Indicators: India's factory output growth slowed to a nine-month low of 1.2% in May. The country's fiscal deficit for April-May stood at ₹13,163 crore, narrowing year-on-year to 0.8% of the FY26 target. Gross GST collections reached a record ₹22.08 lakh crore in FY25, doubling in five years. PwC has proposed a three-tier GST rate structure and the inclusion of petroleum products under GST.
• Market Trends: The Sensex has surged by 11,000 points from its April lows. CLSA has given an 'Outperform' rating to SBI, setting a target of ₹1,050, citing potential value unlocking from its unpriced stakes in NSE and Yes Bank.
• Corporate and Regulatory News: The government is exploring the unlocking of value from bank-owned subsidiaries through IPOs. Meta has mandated Sebi verification for investment advertisements on Facebook and Instagram for financial influencers. IDBI Bank shares saw a 3% increase as the government nears the final stages of its stake sale process. Sebi is currently investigating a stock manipulation scam based in Ahmedabad that reportedly defrauded 4,000 investors.
• Investment Performance: Eleven equity mutual funds managed to multiply investors' ₹1 lakh investment to over ₹4.3 lakh in five years, with Quant Small Cap Fund leading the gains.
• Government Initiatives: FM Sitharaman emphasized that reforms will continue unabated, supporting GST, tax, and banking overhauls. The Ministry of Statistics and Programme Implementation (MoSPI) launched the GOIStats app to enhance access to official data. MoSPI's report also highlighted India's strong progress in Sustainable Development Goal (SDG) indicators related to health, education, and inequality.
• Stock Movements: ITD Cementation shares rose 4% after securing a ₹580 crore international marine contract. Waaree Energies shares gained 3% following its U.S. arm winning a 540 MW solar module contract.

Mint

• Market Outlook: The Nifty 50's critical retracement support zones are identified between 25,500 and 25,300. For the week ending June 27, 2025, the Nifty-50 index increased by 2.3%, with the Bank Nifty also gaining over 2%. Metals, IT, and oil & gas indices were among the top performers. Both Nifty and Bank Nifty closed above their respective monthly resistance levels.
• Stock Recommendations: Analysts recommended several stocks for trading on June 30, 2025, including Bharti Airtel, SRF, Chambal Fertilisers & Chemicals, and DLF. Ganesh Dongre of Anand Rathi suggested buying SBI, Tata Chemical, and National Aluminium Co. Motilal Oswal Financial Services identified Federal Bank and Prince Pipes as top stock picks for the week beginning June 30, 2025.

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