2nd July 2025 MORNING MARKET UPDATES

2^nd July 2025 MORNING MARKET UPDATES

Gift Nifty showing firmness as it’s up with 31 points now. US markets closed positively amid beautiful bill passing.

The Nifty 50 rebounded after a day of profit booking and ended the rangebound session 0.1 percent higher on July 1. The index sustained above 25,500 on a closing basis for another session. Nifty is taking a pause before a bigger rally upto 26200.

The Nifty 50 formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears after trading within the previous day's range. The index traded near the upper Bollinger Bands and sustained well above the support trendline. The MACD maintained a positive crossover, though the bullish bias in the histogram appears to be fading. The RSI, at 64.29, sustained its positive crossover. However, the Stochastic RSI gave a negative crossover in the upper band, indicating potential short-term weakness or sideways movement. Technical indicators suggest a phase of consolidation may continue for a few more sessions following the recent sharp rally, with the 25,650–25,700 zone likely to act as resistance on the upside. Sustaining above this zone could open the door for further gains. On the downside, the 25,400–25,300 area is expected to serve as a support zone.

June Auto Sales

Hyundai Motor India: Passenger vehicle sales in June stood at 60,924 units, above the estimate of 59,400 units. Domestic sales were 44,024 units versus 43,861 units in May. Exports rose to 16,900 units from 14,840 units in May.

Maruti Suzuki: Total sales fell 6% year-on-year to 1.68 lakh units, versus an estimate of 1.675 lakh units. Domestic sales declined 12% to 1.3 lakh units, while exports increased 22% to 37,842 units. Domestic passenger vehicle sales dropped 13% to 1.19 lakh units.

Karur Vysya Bank: Bank signs agreement with Kshema General Insurance as additional bancassurance partner for non-life insurance business (Positive)

LTI Mindtree: Company rolls out GCC-as-a-Service to help firms scale global capability centres (Positive)

Lupin: Company gets FDA nod for post-eye surgery medication loteprednol etabonate ophthalmic gel (Positive)

Ather Energy: Company Introduces the Rizta S with A 3.7kwh Battery Pack, Offering an IDC Range of 159 Km (Positive)

Exicom Tele-System: Approved a rights issue in the ratio of 3:20 at Rs 143 per share, aggregating to Rs 259 crore. Approved a rights issue of up to 1.8 crore equity shares at Rs 143 each. The issue opens on July 15, with a record date of July 7.

NIBE Ltd: Company announced the receipt of a purchase order from a leading Infra and Defence Company. The order is for the supply of Turret Structure Assembly. The total value of the order is Rs 22.66 Crores (Positive)

Apeejay Surrendra: Company announced signing of management agreements for THE Park Jaipur & Zone by The Park Govardhan. (Positive)

Moneyboxx Finance Ltd: Company launched 'Salaried LAP' for salaried individuals on July 1, 2025. (Positive)

MOIL: Prices for all Ferro and Chemical grades increased by 2% from prices on June 1, 2025. (Positive)

NHPC: Government appoints Rajendra Prasad Goyal as Chairman & Managing Director for two months. (Positive)

Keystone Realtors: Company will redevelop an 11.19-acre project in Mumbai and the company is expecting a sales revenue of over Rs 4,500 crore (Positive)

Swiggy: Company announces a new section of its food-on-demand delivery application, which will feature single meals priced at Rs 99. (Positive)

 JSW Energy: Company's green energy arm inks battery storage deal in Rajasthan. (Positive)

Ceigall: A subsidiary of company bags an order worth Rs 1,199 crore from NHAI. (Positive)

RITES: Company bags purchase order worth $3.6 m (CIF) from African Rail Company. (Positive)

Hero MotoCorp: June sales up 10%, unveils new VX2 e-scooter with battery-as-a-service model (Positive)

VMart: Company has reported a 12.6% year-on-year increase in total revenue from operations (Positive)

India Pesticides: Company has commissioned an expansion of its formulation plant, increasing capacity by 3,500 MTPA from 6,500 MTPA. (Positive)

Cantabil Retail: Company has opened three new showrooms in June, taking the total number of showrooms to 607 (Positive)

SRM Contractors: CARE upgraded its long-term rating from CARE BBB+ Stable to CARE A- Stable. (Positive)

Oil marketing PSUs: Confident of finance ministry releasing compensation for LPG losses of OMCs: Petroleum Minister. (Positive)

Bajaj Hindusthan Sugar: Company has received Rs 631 crore from Lalitpur Power Generation Company through a buyback. (Positive)

Zaggle: Company has signed a 5-year agreement with DTDC Express to offer Zaggle Zoyer and Zaggle Save solutions (Positive)

Ellenbarrie: Motilal Oswal Mutual Fund bought 20.95 lakh shares at Rs 511.1 per share. (Positive)

Adani Ent: Arm ADSTL completes acquisition of 85.1% stake in air works for enterprise value of Rs 400 crore. (Neutral)

South Indian Bank: Provisional business update for Q1 FY26 shows Gross Advances at ₹89,201 Cr, a 8.02% YoY. (Neutral)

Havells India Ltd: CARE Ratings has reaffirmed its credit ratings for Havells India Ltd. (Neutral)

JM Financial: Company acquires 2.98% stake in JM Financial Credit Solutions for ₹88.97 Cr from Moraine Master Fund LP. (Neutral) 

JHS Svendgaard: Mr. Nikhil Nanda re-appointed as Managing Director for 5 years, effective July 2, 2025 (Neutral) 

Canara Bank: Bank announced the resignation of Shri Hemant Buch, Shareholder Director, and effective July 1, 2025 (Neutral)

Zodiac-JRD: Company announced the acquisition of a 90% stake in VEM Plastic Molding Private Limited, a plastics and molding company. (Neutral) 

Sapphire Foods: Company received a dismissal order from the Joint Commissioner of Commercial Tax, Bengaluru, and Karnataka. The order confirms a demand of Rs 30.74 million for FY20. (Neutral)

Supriya Lifescience: Company received a Show Cause cum Demand Notice from the Commissioner of CGST & C.Ex, Mumbai East, under the CGST Act, 2017 and the IGST Act, 2017. The total demand, including tax and penalty, amounts to Rs 60.38 Cr. (Negative)

Asian Paints: CCI orders probe against Asian Paints for alleged abuse of dominant position. (Negative)   

Trident: Company has received a show cause notice from the CGST Commissionerate in Ludhiana, citing alleged tax liabilities amounting to ₹51.87 crore. (Negative)

HEG: Company has received a show cause notice from Bhopal Tax Authority for GST demand and recovery of IGST refunds for financial year 2018–19, totaling Rs 282.34 crore (Negative)

Zen Technologies: Company acquired a 76% stake in TISA Aerospace through the acquisition of equity shares and 6% Compulsory Convertible Debentures. TISA has become a subsidiary. (Neutral)   

TVS Srichakra: Company received a Demand-cum-Show Cause Notice from the CGST, Dehradun, Uttarakhand on June 30, 2025. Total demand is Rs 65.38 Cr. (Neutral)   

Indian Energy Exchange Ltd: Company announced the appointment of Dr. Puneet Chitkara as Head-Strategy effective July 01, 2025. (Neutral) 

SML Isuzu: Company announced a record date of July 9, 2025, to determine shareholder eligibility for the final dividend of Rs 18 per share for FY25. (Neutral) 

ITD Cementation India: Company announced the appointment of Mr. Navneet Kabra as Senior Vice President- Operations, effective July 1, 2025. (Neutral) 

Orient Electric: Company Central India Industries acquired 0.47% shares via inter-se transfers from Amer Investments, National Engineering, Bengal Rubber, and India Silica Magnesite, as part of an internal restructuring (Neutral)

Lloyds Metals & Energy: Company reported its Q1FY26 operational update. DRI production reached 79,033 tonnes, up 3% YoY. (Neutral)

Ajooni Biotech: Company re-appointed Mr. Jasjot Singh as Managing Director for 5 years from FY26, with revised remuneration, subject to shareholder approval. (Neutral)

Goldstar Power: Company announced the resignation of Vidhi Ankit Pala from the position of Company Secretary and Compliance Officer, effective July 1, 2025. (Neutral)

Godrej Properties: Company sold a 2.5% stake in Vivrut Developers Private Limited to Godrej Ventures And Investment Advisers Private Limited, a promoter group entity, for Rs. 8.63 crore. (Neutral)  

SBI Cards: Company gets GST show cause notice for ₹81.93 crore over input tax credit claims. (Neutral) 

Hyundai: Company has reported a 6% year-on-year decline in total sales for June (Neutral) 

Kajaria Ceramics: JP Morgan Funds sold 8.85 lakh shares at Rs 1067.88 per share. (Neutral) 

Stocks to be included from ST-ASM Framework: Dolphin Offshore, Hubtown. (Neutral)

Corporate Actions :

NDR Auto Components: Ex-Date tomorrow, Dividend Rs 2.75/Sh (Neutral)

VST Industries: Ex-Date tomorrow, Dividend Rs 10.0/Sh (Neutral)

Bharat Seats: Ex-Date today, Dividend Rs 1.1/Sh (Neutral)

Sika Interplant: Ex-Date today, Dividend Rs 2.4/Sh (Neutral)

Insider Trades

Paras Defence and Space Technologies: Promoter and Director Sharad Virji Shah sold 1.56 lakh shares on June 30, promoter Kaajal Harsh Bhansali sold 31,250 shares on June 30 and promoter Anish Hemant Mehta sold 31,250 shares on June 30.
Aarti Pharmalabs: Promoter ORCHID FAMILY TRUST Relacion Trusteeship Services Pvt Ltd sold 5.3 lakh shares on June 30.
Fusion Finance: Promoter Devesh
Devesh Sachdev sold 2.07 lakh shares on June 27, Promoter Mini Sachdev sold 1 lakh shares on June 27.