02/07/26, India's Manufacturing Growth

India’s manufacturing sector activity growth eased in June as demand moderated and export orders weakened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.2 in June from 55.0 in May. The June reading marked the second-weakest improvement in manufacturing health since mid-2022, though it remained above the long-run average.

The HSBC India Manufacturing PMI is a gauge of overall conditions derived from measures of new orders, output, employment, supplier delivery times and stocks of purchases.

In the PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

Output, exports and hiring lose momentum

Rates of increase in both output and new orders were the weakest seen in four years. The survey noted that several firms reported an improvement in demand conditions, but others noted subdued client appetite for their products and fierce market competition.

“India’s manufacturing PMI eased to 54.2 in June from 55.0 in May, signalling continued expansion but at a slower pace. The moderation suggests demand has cooled slightly after the earlier surge linked to the Middle East conflict. Growth slowed across output, new orders, export orders and employment, with international sales recording their weakest increase since March 2023,” Pranjul Bhandari, Chief India Economist at HSBC, said.

Export demand growth slows to 39-month low

International demand for Indian goods continued to improve in June, but the pace of growth was modest and the weakest in 39 months amid reports of subdued sales to some European markets.

On the price front, with demand growth fading, goods producers became more reluctant to lift their fees. Output charges rose to a moderate degree that was the least pronounced in three months. “… Both the input and output price indices declined, pointing to softer inflation pressures as geopolitical disruptions begin receding,” Bhandari said.

Factory hiring growth hits weakest pace of 2026 so far

On the job front, stable workloads and a lack of demand pressure led businesses to pause or scale back hiring. A general absence of capacity pressures restricted recruitment activity at the end of the first fiscal quarter. “Backlogs of work were broadly unchanged, and employment expanded at the weakest rate in 2026 so far,” the survey noted. Meanwhile, investor and business confidence dampened in June on concerns over demand and market conditions.

The proportion of firms forecasting output growth in the year ahead halved since May, with a large share of manufacturers signalling neutral expectations, the survey said, adding that the overall degree of optimism retreated to a five-month low.

The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.

Source: Financial Express

01/07/26, PostMarket Report by Sparsh Bansal

Nifty 50, Sensex today at close: The benchmark indices ended on a firm note, with the Sensex advancing 443.97 points (0.58%) to close at 76,922.64, while the Nifty climbed 140.10 points (0.59%) to settle at 24,005.85.

Eternal surged 5.89% to emerge as the top Nifty gainer, followed by Asian Paints (3.13%), Hindustan Unilever (2.74%), Mahindra & Mahindra (2.05%) and Adani Ports (1.96%).

Nifty 50, Sensex today at 3:00 PM: In late trade, the benchmark indices continued to trade steadily in positive territory. The Sensex was up 561.37 points, or 0.73%, at 77,040.04, while the Nifty gained 155.50 points, or 0.65%, to 24,021.25.

At this hour, buying interest was strongest in Eternal, which rose 5.25%, followed by Asian Paints (2.97%), Hindustan Unilever (2.93%), Adani Ports (2.25%) and SBI (2.11%). On the other hand, Tech Mahindra led the losers with a 3.18% decline, followed by HCLTech (3.16%), TCS (2.26%) and Tata Steel (1.33%).

Nifty 50, Sensex today at open: Indian equity markets opened Wednesday’s trade on a higher note, following its Asian peers. The Nifty 50 opened 48 points or 0.20% higher at 23,913.55, while the BSE Sensex surged 169 points or 0.22% to open at 76,647.80.

Mahindra & Mahindra, Titan, Eternal, Nestle India, and UltraTech Cement were the top five gainers in the Nifty 50.

Share market today ahead of opening, July 01: The global markets are trading mixed as the geopolitical uncertainties are easing. Crude oil prices remained under the $75 a barrel mark. In fact, in June, crude posted its biggest monthly decline since March 2020. Following this, the GIFT Nifty is indicating a subdued start for Indian markets, down 12 points or 0.05%.  

Earlier on Tuesday, the Nifty 50 closed the session 81 points or 0.34% lower at 23,865.75, while the Sensex declined 250 points or 0.33% to close at 76,478.67. 

Key global and domestic cues to know on July 01, 2026

Asian Markets

Asia-Pacific markets opened Wednesday’s trade on a majorly on a higher note. Japan’s Nikkei 225 rose 1.79%, while the broader Topix gained 1.07%. South Korea’s Kospi advanced 1.52%, but the small-cap Kosdaq fell 0.42%. Futures for Hong Kong’s Hang Seng index stood at 22,990, higher than its last close of 22,881.02.

US indices

The future contracts tied to the US benchmarks were trading on a lower note. Futures tied to the Dow Jones Industrial Average fell 83 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were trading around the flatline.

On Tuesday, US markets closed higher as the geopolitical steam is cooling off. The Dow Jones added 136.46 points, or 0.26%. The S&P 500 gained 0.79%, while the technology-heavy Nasdaq Composite jumped 1.52%.

Crude oil

West Texas Intermediate (WTI) crude futures were trading 0.81% higher at $70.06 per barrel. On the other hand, Brent crude futures with August delivery were trading at $72.92, below the psychologically important level of $75. On COMEX, crude prices declined 0.79% to trade at $70.05 a barrel.

Gold rate today

On COMEX, the precious metal was trading at $4,010.90 an ounce, down 0.68%.

The rate for 24-carat gold today is Rs 1,42,700 per 10 grams. The price of gold has fallen 0.11% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,42,450 per 10 grams. The 18-carat gold price today in India is Rs 1,07,025. The 24-carat gold rate in Dubai today is Rs 1,49,590. 

Silver rate today

On COMEX, Silver prices traded 1.78% lower at $58.42 per troy ounce. This is after prices hit their 2026 lows in the previous session.

In India, the silver rate jumped 2.2%% to Rs 2.28 lakh per kilogram.

Silver had surged to record highs in January amid geopolitical tensions and economic uncertainty, with heavy speculative buying pushing prices higher, but soon faced volatility.

FII, DII data

Foreign institutional investors (FIIs) were net sellers of shares worth Rs 2,556.75 crore. On the other hand, the Domestic institutional investors (DIIs) were the net buyers of shares worth Rs 6,842.34 crore on June 30, 2026, according to the provisional data available on the NSE.

US dollar

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.14% higher at 101.30. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.12% to close at 94.66 to the dollar on June 30.

Source: Financial Express 

01/07/26, Advit Jewels IPO

Advit Jewels shares hit the 5 percent lower circuit on Wednesday as investors booked profits after the stock made a strong debut on the exchanges earlier in the day.

The stock listed at Rs 187 per share on the BSE, a premium of 35.5 percent over its issue price of Rs 138. On the NSE, it debuted at Rs 188.90, up 36.88 percent. The company's market valuation stood at Rs 814.27 crore.

However, profit-booking emerged soon after listing, dragging the stock to its 5 percent lower circuit limit at Rs 179.46.

Commenting on the listing, Shivani Nyati, Head of Wealth at Swastika Investmart, said Advit Jewels delivered a strong market debut, supported by robust financial growth.

"The company has nearly tripled its revenue over the last two years, maintained stable EBITDA margins of around 29-30 percent, and reported a return on net worth (RoNW) of 43.6 percent, which partly justifies its premium valuation. However, Advit Jewels remains a relatively small and young company with limited geographic diversification, making the stock susceptible to volatility in the near term," she said.

Nyati said investors who received allotment in the IPO may continue to hold the stock from a short- to medium-term perspective, while short-term traders may consider booking partial or full profits after the sharp listing gains. Fresh investors should wait for one or two quarterly results before taking meaningful exposure, she added. She suggested a stop-loss at Rs 165 on a closing basis.

The Rs 165.16-crore initial public offering of Advit Jewels was subscribed 212.63 times on the final day of bidding last week. The IPO was priced in the range of Rs 130-138 per share.

Meanwhile, shares of Waterways Leisure Tourism, which operates Cordelia Cruises, extended their listing losses after debuting at a discount on Wednesday.

The stock opened at Rs 690 on the BSE, down 14.60 percent from its issue price of Rs 808. On the NSE, it listed at Rs 681, a discount of 15.71 percent.

Nyati said Waterways Leisure Tourism had a weak market debut, reflecting investor concerns over valuations and business risks.

"EBITDA margins have moderated in recent periods, while the business remains exposed to fuel price volatility, occupancy fluctuations and operational risks. Given its valuation of around 101 times price-to-earnings, the IPO offered limited margin of safety despite favourable industry tailwinds," she said.

She said investors who were allotted shares may continue to hold them with a long-term perspective, while fresh investors should wait for better earnings visibility and more attractive entry levels. Her view on the stock remains neutral, with a stop-loss at Rs 640 on a closing basis.

The Rs 585-crore IPO of Waterways Leisure Tourism was subscribed 1.46 times on the final day of bidding last week. The issue was priced in the range of Rs 769-808 per share.

Source:Network18

30/06/26, water scarcity in India creates Rs20Lakh crores investment opportunity

 https://www.lokmattimes.com/business/indias-water-deficit-creates-rs-20-lakh-crore-investment-opportunity-by-2030/

30/06/26, $762.80 Debt

India's total external debt stood at $762.8 billion at the end of March 2026, registering an increase of $26.3 billion over the year-ago period, according to the RBI data released on Monday.

Valuation effect due to the appreciation of the US dollar vis-à-vis the Indian rupee and other major currencies amounted to USD 24.6 billion, according to the data on 'India's External Debt as at the end of March 2026'.

"Excluding the valuation effect, external debt would have increased by $51 billion instead of $26.3 billion at end-March 2026 over end-March 2025," the Reserve Bank of India said.

The central bank also said that the external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent during the corresponding period a year ago.

At the end of March 2026, RBI said, long-term debt (with original maturity of above one year) stood at USD 613.5 billion, recording an increase of $11.6 billion over its level at end-March 2025.

"The share of short-term debt (with original maturity of up to one year) in total external debt increased to 19.6 per cent at end-March 2026 from 18.3 per cent at end-March 2025," it said.

Similarly, the ratio of short-term debt (original maturity) to foreign exchange reserves increased to 21.6 per cent at end-March 2026 from 20.1 per cent at end-March 2025.

US dollar-denominated debt remained the largest component of India's external debt, with a share of 55.5 per cent at end-March 2026, followed by debt denominated in the Indian rupee (29.4 per cent), yen (6.4 per cent), SDR2 (4.3 per cent) and euro (3.7 per cent).

RBI further said outstanding debt of the general government decreased, while non-government debt increased at end-March 2026 over the level a year ago.

Loans remained the largest component of external debt, with a share of 34.7 per cent, followed by currency and deposits (22.3 per cent), trade credit and advances (19 per cent) and debt securities (16.1 per cent).

Report  by PTI

29/06/26, Intraday Market News

Stock benchmarks Sensex and Nifty declined from day's high to trade in the red on June 29 due to various reasons, including fall in auto, IT shares. Sensex fell 600 points from day's high while Nifty was trading below the psychologically important 24,000-mark.

At 12:42 pm, the Sensex was down 449.86 points or 0.58% at 76,650.61, and the Nifty was down 119.25 points or 0.5% at 23,936.75. About 1,435 shares advanced, 2,402 shares declined, and 178 shares were unchanged.

Sectoral indices showed a mixed performance, with the Nifty Pharma and Nifty Healthcare gaining the most, up almost 2% each. On the other hand, Nifty Auto was the biggest laggard, down 1%. The Nifty IT and Nifty Media logged losses of around 1% each.

Dr. Reddy's Laboratories continued to be the top gainer in the 50-stock index, up over 4%. Cipla and Sun Pharmaceutical Industries were up 2–3%. Healthcare stocks Max Healthcare Institute and Apollo Hospitals Enterprise gained 1.2–2.5%. Torrent Pharmaceuticals and Glenmark Pharmaceuticals rose nearly 3% each in the Nifty 200 index. Zydus Wellness was up nearly 6% in the Nifty 500 index.

Key reasons behind market decline

1) Profit booking

Analysts said while easing geopolitical tensions and stable crude prices supported sentiment, the recent rally left little room for fresh gains.

Nine of the 16 major sectors logged losses. The broader small-caps and mid-caps shed 0.3% and 0.1%, respectively.

The equity benchmarks logged a third straight weekly gain on Thursday, their longest winning streak in seven months, as crude oil prices fell to pre-Iran-war levels and recent measures to support the rupee and attract overseas inflows lifted sentiment.

2) Fall in IT, auto shares

Select information technology and automobile stocks were major drags on the Nifty 50 index. Eicher Motors, Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Bajaj Auto fell 1.1–1.8%. IT stocks Tata Consultancy Services and Infosys were down nearly 1% each.

IT index fell over 1, dragged by a 10% slide in Persistent Systems after it announced a voluntary public takeover offer to acquire Munich-headquartered digital engineering firm Nagarro SE.

Multiple brokerages flagged rich valuations, debt-funded leverage, integration risks and growth uncertainty around the deal.

3) Technical reason

Analysts said Nifty has to decisively cross 24,100 for markets to trade higher.

"For bulls to regain control, the index needs to decisively close above Thursday's high of 24,262, which could pave the way for a move toward the upper Bollinger Band near 24,365. On the downside, 24,000 and 23,800 remain crucial support levels, and holding above these zones is essential to maintain the positive undertone," said Axis Securities.

4) VIX rises 6%

India VIX, the volatility gauge, rose over 6% to trade at 13.88. Rise in VIX suggests short-term volatility is possible in the markets.

Report by J. Jagannath, Network18

29/06/26, Mahindra&Mahindra Finance

 

29/06/26, BIZnews

 ·       India: Cabinet reshuffle likely soon (details awaited)

·       Trump says Iran violated ceasefire with drone attacks on Strait of Hormuz ships

·       Oil falls below $70/bl - lowest level since before Iran war

·       Dollar Index falls post USA inflation data; Gold & Silver move higher

 

*Stocks To Watch*

1.      IIFL Finance gets new CFO from Bajaj Finance, Bajaj Housing Finance, Hinduja Leyland Finance, and PwC + enabling resolution to raise upto Rs 10,000 crore

2.      Haitong India initiate coverage on Northern ARC with TP of Rs 385 (implying 1.2x FY28 P/BV), 34% upside from CMP

3.      All big names enter Tanfac QIP: Ashish Kacholia, Motilal Oswal MF, Niveshay, Malabar India Fund

4.      Adani Energy: Board to consider fundraising via equity on July 1

5.      HDFC Bank update: No evidence supporting former chairman Atanu Chakraborty’s allegations

6.      Kotak Bank CEO Vaswani to step down for personal reasons

7.      Auto Stocks will be focus ahead of monthly sales data

 

*TURN-TURN-TURN-INDIA’S TURN IS COMING SOON*

 

 Everyone around the world is obsessed with Korean/ Taiwan and stocks like Hynix, Samsung Electronics, Micron & Kioxia. No doubt, this is a super cycle going for some of these names – evident from Apple increasing prices by 15-25% for the first time ever. This is a never-seen-commodity-bull-cycle for memory tech hardware businesses. But do remember the craze: Micron is officially the most traded stock in the US. Daily turnover in Micron stock surpassed $70 billion (wowowowow) for the first time, making it the most traded stock in the US. It is crazy that the entire world wants to ride & trade only 4-5 stocks. Crazy.

 

Retail chases momentum & news. Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows. Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows. Saw the same earlier with Bitcoin & many tech stocks in USA.

 

It is all about cycles and mean reversion. Google is up 6%, NVIDIA Corp stock is up 2%, Palantir Tech down 40%, Oracle down 24%, Tesla down 20%, Microsoft Corp is down 23% during the last 6-months. They all were darlings 1 year back. And now no one wants them at all.

 

But at the same time – we cannot forget what’s happening in India especially post-free crude oil fall. Just imagine: India’s banks credit growth in India is back above 18% at 10- YEAR-HIGH. This is not a small sign but an indication of growth to come across sectors. Some financials stocks & NBFCs will show 25-30% growth in top line and still trade less than 1.5x PB.

 

Brokers are coming back & now noticing India. Goldman has raised India’s CY26 growth forecast by 0.3pp to 6.8% yoy & lowered headline inflation forecast for CY26 and FY27 by 0.2pp and 0.3pp to 4.4% yoy and 4.9% yoy. Also, Citi has also raised FY27 GDP at 6.9% vs 6.6% earlier & lowered FY27 CPI at 4.7% vs 4.9% earlier. Also, Citi says no rate hikes in FY27!

 

  Extremely bullish on individual stocks in India and searching for strong names with reasonable valuations.

 

 RBL Bank which is a re-rating candidate as RoA orbits from 0.5% to 1.5%. This kind of pedigree stock can trade at 2x as well with ROA closer to 2% in next 2-3 years.

 

FIIs will have to come back to India with macro stabilizing and turning with every passing day.  cannot believe that trillion of dollars will chase ONLY 4-5 stocks worldwide and ignore 7% GDP growth in India and cos with 25-35% growth with 1-1.5x PB.

29/06/26, PreMarket information

 Developments on the geopolitical front, particularly the latest military exchanges involving the US and Iran, their impact on crude oil prices, and key domestic macroeconomic data releases are expected to drive stock market sentiment this week.

Besides, trading activity of foreign investors and the progress of the southwest monsoon will also remain in focus.

Here are the 10 key factors to watch

1) US-Iran tensions: Iran launched drone and missile attacks targeting Bahrain and Kuwait in response to US airstrikes on the Islamic Republic and warned that negotiations to end the conflict could come to a "complete halt" if Washington continues its attacks. . Efforts to. reopen the Strait of Hormuz without Iran's direct oversight have intensified tensions in the region.  In recent days, Tehran has twice attacked vessels using a route on theOmani side of the strait backed by a United Nations agency.

Indian benchmark indices are likely to open on a muted note on June 29, mirroring a largely flat trend in GIFT Nifty, which was trading around 24,094.50 in early trade.

Indian benchmark indices extended the winning streak on the second consecutive

 day with Nifty reclaiming 24,250, hitting

 more than a one-month high aided by easing

 crude oil prices and buying seen in the auto,

 FMCG, realty stocks. However, selling in

 metal, IT, oil & gas names limit the gains.

At close, the Sensex was up 109.25 points or 0.14 percent at 77,100.47, and the Nifty was up 34.35 points or 0.14 percent at 24,056.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

GIFT Nifty is trading flat at around 24,094.50, indicating a flat opening for the domestic benchmark indices.

Asian Equities (Mixed)

MSCI's Asia Pacific share benchmark, however, retreated 0.5% with technology stocks remaining under pressure.

South Korea's Kospi index, the world's best-performing major stocks gauge this year, fell 1% ahead of Monday's planned unveiling of a sweeping growth strategy.

US equities (Down)

The S&P 500 ended marginally lower on Friday, with a steep drop in AI-related chip stocks and sharp gains ​in Moderna and other healthcare stocks.

The S&P 500 declined 0.05% to end the session at 7,353.95 points. The Nasdaq declined 0.24% to 25,297.62 points, while the Dow Jones Industrial Average declined 0.09% to 51,876.11 points.

Dollar Index (Flat)

The dollar was little changed against its major peers in the early trade on Monday.

US Bond Yield (Up)

The yield on 10-year Treasuries gained more than one basis point to 4.38%, while yield on 2-year Treasuries was up 1 basis point at 4.10%.

Asian Currencies (Mixed)

Asian currencies traded mixed against the US dollar, reflecting cautious sentiment across regional markets. The Malaysian Ringgit emerged as the top performer, appreciating 0.289%, followed by the Indonesian Rupiah, which gained 0.117%. The Taiwan Dollar and Philippine Peso also posted modest gains of 0.038% and 0.026%, respectively.

On the other hand, the South Korean Won was the weakest currency in the region, declining 0.338% from the previous close. The Thai Baht also weakened by 0.126%, while the Chinese Renminbi, Singapore Dollar, and Japanese Yen recorded marginal losses of 0.044%, 0.039%, and 0.019%, respectively.

Crude (Down)

Oil pared early gains after the US and Iran agreed to stop attacking each other, following flare-ups over the weekend that saw an oil supertanker hit near the Strait of Hormuz.

Gold (Slips)

Gold declined to near $4,000 an ounce after the US and Iran traded attacks in the Persian Gulf, straining a ceasefire that had last week seen energy prices fall to pre-war levels and tempered expectations for an interest-rate hike.

Fund Flow Action

On June 25, Foreign Institutional Investors (FIIs) bought equities worth Rs 383 crore, while Domestic Institutional Investors (DIIs) purchased shares worth Rs 5,747 crore.

Hope you're all set for today's trade. We wish you a profitable day ahead.

Source:Moneycontrol, Network18 

Disclaimer: The views and investment tips expressed by investment experts are their own and not those of us. We advise readers to check with certified experts before taking any investment decisions.