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Business Standard

Indian equity benchmarks concluded Monday, June 30, 2025, on a lower note, snapping a four-day gaining streak as investors engaged in profit-booking due to a lack of fresh domestic triggers. The BSE Sensex shed 452.44 points, or 0.54%, to settle at 83,606.46. Despite this, the broader market, including the Nifty Midcap100 and Nifty Smallcap100 indices, outperformed, settling higher by 0.68% and 0.52% respectively. The Nifty PSU Bank emerged as the top sectoral gainer, rising 2.66%.

Several companies were in focus for significant developments:

• Torrent Pharma saw its shares surge 4% following an agreement to acquire JB Chemicals for ₹11,900 crore.
• Waaree Energies shares rallied 3% after its U.S. arm secured a 540 MW solar module contract.
• SBI and other Public Sector Undertaking (PSU) bank stocks climbed up to 3% as the Finance Ministry advocated for monetizing subsidiary investments.
• BHEL shares jumped 3% after securing a ₹6,500 crore order win from Adani Power.
• ITD Cementation shares rallied 4% after being awarded a ₹580 crore international marine contract.
• Ahluwalia Contracts shares surged 4% due to ₹1,100 crore in order wins.
• IDBI Bank shares gained 3% as the government advanced towards the final stages of its stake sale process.
• Embassy REIT successfully raised ₹1,550 crore through Non-Convertible Debentures (NCDs) and term loans to refinance existing debt.
• The Chinese Enterprises Association in Bangladesh expressed concerns that renegotiating power sector tariffs would be disastrous for investors.
• Gold prices experienced a drop of ₹4,292 within a week.
• Remittance inflow reached a record $30 billion in FY25, contributing to an increase in reserves to $26 billion.

Economic Times

The Economic Times highlighted various financial and business updates, including:

• India's industrial production growth slowed to a nine-month low of 1.2% in May.
• IndusInd Bank has shortlisted three candidates for its CEO role and submitted their names to the Reserve Bank of India (RBI) for approval.
• The RBI aided the government in achieving a revenue surplus during April-May.
• Financial sector regulators reiterated their commitment to customer protection, competition, and innovation.
• MS Dhoni has initiated steps to trademark his well-known nickname 'Captain Cool'.
• The government has instructed state-run banks to expedite the Initial Public Offerings (IPOs) of 15 subsidiaries, with SBI and Canara Bank being specifically mentioned.
• The Karnataka High Court issued a stay on the Authority for Advance Rulings (AAR) notice to Juspay in the Namma Yatri case.
• Sigachi temporarily suspended production at its Hyderabad unit for 90 days following a fire incident.
• Raymond shares surged 15% as its realty arm prepared for a July 1 listing.
• Bharat Electronics Limited (BEL) secured new orders worth ₹528 crore.
• Rail Vikas Nigam Limited (RVNL) shares gained over 2% after winning a fresh order worth ₹213.22 crore for OHE upgrades.
• Market analysts suggested that June 30 could be a crucial day for the Nifty, potentially setting its next major directional move.
• Globally, US stock futures indicated higher openings after the S&P 500 and Nasdaq reached record highs.
• Canada rescinded its digital services tax on US tech firms in an effort to salvage trade talks.
• Federal Reserve officials appeared divided on the prospect of a July rate cut.

Mint

Mint reported on key economic data and market insights for June 30, 2025:

• India's Goods and Services Tax (GST) collections reached an all-time high of ₹22.08 lakh crore in 2024-25.
• The country's industrial production in May increased by 1.2%, marking the slowest pace in nine months.
• The RBI governor cautioned that external spillovers could potentially dampen India's growth outlook.
• IndusInd Bank's selection of three bankers for its CEO role and submission for RBI approval was highlighted.
• Digi Yatra is slated for expansion to 41 airports by the end of 2025.
• For the Nifty 50, critical retracement support zones were identified between 25,500 and 25,300.
• The daily trade setup included an outlook for Nifty and Bank Nifty, along with considerations for global markets and the impact of the Israel-Iran conflict.
• Stocks recommended for purchase included Bharti Airtel, SRF Ltd., Aditya Birla Fashion and Retail, and Bharat Dynamics Ltd.
• Mint House, a hospitality brand, launched a new aparthotel in Downtown D.C., emphasizing comfortable, expansive living spaces for extended stays.
• IGC Pharma released its Fiscal Year 2025 financial and operational highlights, showcasing significant progress in Alzheimer's research, including the development of an AI-based diagnostic tool named MINT-AD.

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