The Indian equity market is set for a nuanced trading session on July 3, 2025, with early indicators suggesting a flat to mildly positive start for the Nifty 50. This comes after benchmark indices closed lower on July 2, with the Nifty 50 and Sensex declining by 0.35% and 0.34% respectively. Foreign Institutional Investors (FIIs) continued their selling streak, offloading ₹1,970 crore in July so far, while Domestic Institutional Investors (DIIs) provided support with purchases of ₹771 crore.

Positive Buzz

• HDB Financial Services recorded the strongest listing-day gains among ₹10,000-Crore IPOs since the Covid-19 pandemic, with shares debuting approximately 13% above their issue price on July 2.
• Coromandel International received approval from the Competition Commission of India (CCI) to acquire a 53.13% stake in NACL Industries.
• Motilal Oswal Financial Services achieved a significant milestone as its Asset Management Company (AMC) surpassed ₹1.5 lakh crore in Assets Under Management (AUM).
• Nestlé India expanded its Maggi noodles production by adding a new line at its Sanand factory in Gujarat, involving an investment of ₹105 crore and increasing capacity by 20,300 tonnes per annum for FY26.
• Aurobindo Pharma's subsidiary, CuraTeQ Biologics, secured European Commission approval for Dazublys, a trastuzumab biosimilar used in cancer treatment, marking its third such approval in 2025.
• RITES secured two new orders totaling ₹64.01 crore from African Rail Company and South Western Railways.
• DMart (Avenue Supermarts) reported a 16% year-on-year increase in standalone revenue for the first quarter of FY26, reaching ₹15,932.12 crore.
• Hindustan Zinc announced its highest-ever Q1 mined metal production at 265 kilo tonnes, reflecting a 1% year-on-year increase.
• Punjab National Bank (PNB) reported an 11.6% year-on-year growth in global business to ₹27.19 lakh crore in Q1 FY26. Domestic deposits and global advances also saw increases of 12.2% and 9.9% respectively.
• Indian Bank saw deposits rise by 9.3% year-on-year to ₹7.4 lakh crore and gross advances increase by 11.3% year-on-year to ₹6 lakh crore in Q1 FY26, with total business growing 10.2%. The bank also reduced its MCLR by 5 basis points effective July 3.
• PVR Inox plans to invest up to ₹400 crore to expand its network by adding 200 new screens over the next two years.
• Indian Overseas Bank (IOB) shareholders approved a plan to raise up to ₹4,000 crore in equity capital through various channels, including Qualified Institutional Placements (QIPs) and rights issues.
• Best Agrolife appointed Surendra Sai Nallamalli as Whole-Time Director.
• Escorts Kubota launched a new pick-and-carry crane, 'Hydra 12', for the construction equipment segment.
• Veranda Learning approved the allotment of 2.1 lakh shares at ₹221 per share, aggregating to ₹47 crore.
• Mahindra & Mahindra Finance expects Q1 FY26 disbursements at ₹12,800 crore, with Assets Under Management (AUM) growing 15% year-on-year to ₹1.2 lakh crore and collection efficiency at 95%.

Neutral Developments

• FSN E-Commerce Ventures (Nykaa) is expected to witness a secondary stake sale, with early investors Harindarpal Singh Banga and Indra Banga planning to offload shares worth up to ₹1,200 crore (2.1% stake) via a block deal at a 5.5% discount.
• Rail Vikas Nigam Limited (RVNL) appointed Chandan Kumar Verma as its new Chief Financial Officer (CFO), effective July 2.
• CFF Fluid launched a fixed-price Further Public Offering (FPO) at ₹585 per share, with the issue opening on July 9 and closing on July 11.
• Monte Carlo Fashions renamed its subsidiary to 'MCFL Ventures' from 'Monte Carlo Home Textiles'.
• The Central Board of Direct Taxes (CBDT) revised the Cost Inflation Index (CII) to 376 for the financial year 2025–26, up from 363, which aims to reduce taxable capital gains for taxpayers.
• Several new IPOs are scheduled to open on July 3, including Travel Food Services (Mainboard, ~₹2,000 crore), White Force (SME), and Cryogenic OGS (SME).
• Sambhv Steel Tubes made a strong debut on the stock exchanges on July 2, surging 34.1% from its IPO price.

Negative News

• State Bank of India (SBI) classified the loan account of Reliance Communications (RCom) as "fraud" and will initiate action to report its erstwhile director, Anil Dhirubhai Ambani, to the Reserve Bank of India (RBI).
• Tata Power Company was ordered to pay $490.32 million in damages, along with interest and legal costs, to Kleros Capital Partners by an arbitral tribunal under SIAC rules.
• Voltas received a show cause notice from the Central GST Commissionerate in Dehradun regarding alleged GST shortfalls related to a merged entity for the financial years 2018-2021.
• Adani Energy Solutions announced the resignation of Amiya Chandra as Non-Executive and Independent Director.
• Esaar India reported the resignation of its Chief Financial Officer, Mithlesh Jaiswal.
• Sheela Foam announced the resignation of its Chief Executive Officer, Nilesh Sevabrata Mazumdar.
• Bliss GVS Pharma received a show cause notice regarding a ₹6.6 crore IGST refund reclaimed in FY2019.
• Max Financial reported that Axis Max Life has initiated an information security assessment and data log analysis, with an ongoing investigation.
• RBL Bank shares fell by 2% after the bank denied reports of NBD Bank seeking a minority stake.
• Vedanta's planned demerger has encountered an unspecified hurdle.

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