3rs July, Morning Market Updates

3rs July, Morning Market Updates

The GIFT Nifty was trading 25.5 points higher at 25,556.5 as of 6:30 a.m., indicating a positive start for the 50-stock benchmark on the NSE this morning.

Technical Outlook for the day :

Nifty didn’t hold the 25600 mark and hence it will act as a strong resistance for the index. Yesterday’s pullback from the level of 25380 could prove as a support zone for the day.

The weekly futures contract for the Nifty will expire today. US stock futures held steady on Wednesday evening after the S&P 500 and Nasdaq reclaimed record highs, boosted by President Donald Trump’s announcement of a trade deal with Viietnam. European contracts rose while Asian shares were mixed.

US stocks advanced to a new high, with technology companies leading the charge, after the US-Vietnam trade deal, a move that fueled optimism that more agreements are on the way.  The S&P 500 gained 0.5% to 6,227 points, led by energy, materials and information tech. The tech-heavy Nasdaq 100 rose 0.7% while the Dow Jones Industrial Average closed flat. Oil prices held firm after its biggest gain in almost two weeks, as Trump’s announcement of a trade accord with Vietnam boosted optimism that further agreements will be made by July 9 deadline.

Indian benchmark equity indices closed lower on Wednesday, dragged by share prices of HDFC Bank Ltd. and Larsen & Toubro Ltd. The NSE Nifty 50 ended 88 points or 0.35% lower at 25,453.40, while the BSE Sensex closed 287.60 points or 0.34% down at 83,409.69.

Foreign portfolio investors stayed net sellers of Indian equities for the second consecutive day on Tuesday and sold shares worth Rs 1,970.1 crore. Domestic institutional investors stayed net buyers and acquired equities worth Rs 771.1 crore.

Stocks In News

Nykaa: The Banga family is looking to sell a 2.1% stake worth Rs 1,198 crore via a block deal, according to the term sheet accessed by NDTV Profit. The floor price is set at Rs 200 per share, implying a 5.5% discount to the last closing price.

V2 Retail: In the first quarter of financial year 2026, standalone revenue stood at Rs 628 crore, up 51% year-on-year from Rs 415 crore. Same-store sales growth was 5%, and 10% on a normalised basis. The company added 28 new stores in the first quarter, taking the total to 216.
Baazar Style Retail: In the first quarter of financial year 2026, standalone revenue came in at Rs 377 crore, up 37% year-on-year from Rs 275 crore. Same-store sales was 5%, and 11% on a normalised basis. The company added 22 new stores, raising the total to 664.
Avenue Supermarts: In the first quarter of financial year 2026 standalone revenue is estimated at Rs 15,932.1 crore, up 16% Same-store sales. The company has 424 stores as of June 30.
Hindustan Zinc: In the first quarter of financial year 2026, mined metal production rose 1% to 265 killo tonnes. Refined zinc production declined 4% to 202 KT, silver production fell 11% to 149 KT, while wind power generation increased 24% to 134 million units.
Max Financial: Axis Max Life has initiated an information security assessment and data log analysis. Investigation is ongoing with experts.

RBL Bank: Denied reports about NBD Bank seeking a minority stake. Shares fell 2% after the denial. The bank stated no disclosure was required.
Punjab National Bank: In the first quarter of financial year 2026, global deposits rose 12.8% year-on-year to Rs 15.9 lakh crore. Domestic deposits grew 12.2% year-on-year to Rs 15.4 lakh crore, while global advances rose 9.9% to Rs 11.3 lakh crore. Global business grew 11.6% year-on-year to Rs 27.2 lakh crore.
Indian Bank: In the first quarter of financial year 2026, deposits rose 9.3% year-on-year to Rs 7.4 lakh crore. Gross advances were up 11.3% year-on-year to Rs 6 lakh crore. Total business grew 10.2% year-on-year to Rs 13.4 lakh crore. Reduced its MCLR by 5 basis points for most tenures effective July 3.
Mahindra & Mahindra Finance: In the first quarter of financial year 2026, disbursements (excluding finance leases) are expected at Rs 12,800 crore. Assets under management grew 15% year-on-year to Rs 1.2 lakh crore. Collection efficiency is seen at 95%. Stage-3 assets estimated at 3.8–3.9%, Stage-2 at 5.8–5.9%. Liquidity remains strong at over Rs 9,600 crore.
Monte Carlo Fashions: Renamed its subsidiary to ‘MCFL Ventures’ from ‘Monte Carlo Home Textiles’. AIA Engineering: Brazil's trade department reduced countervailing duty from 6.5% to 2.9%.

KPI Green Energy: Government approved the incorporation of SPV ‘KPIN Clean Power Three LLP’
Huhtamaki India: Denied media reports about pursuing a major M&A deal worth up to Rs 4,170 crore.
Voltas: Received a Rs 265 crore show-cause notice over alleged GST shortfall by Universal Comfort Products (merged in FY21) during financial year 2019–2021.
Akzo Nobel India: Received a show-cause notice with Rs 2.26 lakh tax liability from Maharashtra GST Department.

Aurobindo Pharma: CuraTeQ Biologics received EU marketing approval for breast cancer drug Dazublys. Pharmacin BV merged with Agile Pharma BV.

Coromandel International: Received CCI approval to acquire a 53.13% stake in NACL Industries.

Esaar India: Chief financial officer Mithlesh Jaiswal resigned. Sheela Foam: Chief executive officer Nilesh Sevabrata Mazumdar resigned.

Bliss GVS Pharma: Received a show cause notice regarding Rs 6.6 crore IGST refund reclaimed in financial year 2019.
GMR Airports: TDSAT quashed the AERA’s earlier calculation of Hypothetical Regulated Asset Base. Motilal Oswal Financial Services: Motilal Oswal AMC crossed Rs 1.5 lakh crore in AUM.

Nestlé India: Added a new Maggi noodles production line, investing Rs 105 crore at its Sanand factory in Gujarat.

Escorts Kubota: Launched a new pick-and-carry crane, ‘Hydra 12’, in the construction equipment segment.

Veranda Learning: Approved allotment of 2.1 lakh shares at Rs 221 per share, aggregating to Rs 47 crore.
CFF Fluid: Launched a fixed-price FPO at Rs 585 per share. Issue opens on July 9 and closes on July 11. Escorts Kubota: Launched a new pick-and-carry crane, ‘Hydra 12’, in the construction equipment segment.
Adani Energy Solutions: Amiya Chandra resigned as Non-Executive and Independent Director.
Best Agrolife: Appointed Surendra Sai Nallamalli as Whole-Time Director.

RVNL: Appointed Chandan Kumar Verma as CFO.

Insider Trading/Bulk Deals :

Raymond Realty: Negen Capital Services bought 3.88 lakh shares at Rs 921 apiece.

Genus Power Infrastructures: Promoter Kailash Chandra Agarwal created a pledge for 16 lakh shares. Asahi India Glass: Promoter Ashok Kanhayalal Monga sold 12,000 shares.

Star Cement: Promoter Vinay and Co. sold 1228 shares, Promoter Suchita Agarwal sold 9,500 shares. Axiscades Technologies: Promoter Jupiter Capital Pvt. sold 1 lakh shares.

Listing Today:

Indogulf Cropsciences: The company's shares will debut on the stock exchange on Thursday at an issue price of Rs 111 apiece. The Rs 200-crore IPO was subscribed 86.04 times on its third and final day.