Markets on Mute, Deals on Full Volume: Bulls Cautious as FIIs Retreat, but India Inc Fires on All Cylinders

Today's Market at 07:48 am
US Market (Futures)
      Nasdaq = -5.80
      Dow Jones = -11.60
      S&P 500 = -1.70
European (Futures)
      Ftse 100 = -7.00
      Cac 40 = +10.00
      Dax = +24.50
Asian
      Nikkei 225 = -383.83
      ASX 200 = +0.80
      Straits Times = +10.57
      Hang Seng = +118.22
      KOSPI = -47.23
      Taiwan weighted = -79.20
      Shanghai (SSE) = -4.46
Gift Nifty = 25664.50 (-17.00)

FII and DII Trading Activity July 1, 2025 in Cash market:
FIIs: Net Sell of ₹1970.03 crore
DIIs: Net Buy of ₹771.08 crore

Key Corporate Developments and Updates:

V-Mart Retail Q1 Update
Revenue grows 12.6% YoY to Rs 885 crore; same-store-sales growth is marginal at +1%; net addition of 13 stores (15 opened, 2 closed); total store count reaches 510 as of June 20 [Positive]

Hero MotoCorp
Total sales up 10% YoY to 5.54 lakh units; domestic sales up 6.9%; exports surge 140% YoY [Positive]

Lupin
Received USFDA approval for ANDA for Loteprednol Etabonate Ophthalmic Gel; eligible for 180-day exclusivity as first-to-file [Positive]

RITES
Received $3.6 million order from African Rail Co. and a Rs 37.81 crore LOA for Tumakuru Station redevelopment project in JV with Aryan [Positive]

Paras Defence and Space Technologies
Subsidiary secured export order from CERBAIR (France) for 30 CHIMERA 200 systems worth Rs 22 crore [Positive]

MOIL
Increased prices of all ferro & chemical grades of manganese ore by 2% from July 1 [Positive]

JSW Energy
Subsidiary signed Battery Energy Storage Purchase Agreements (BESPA) with Rajasthan's RVUNL for 250 MW/500 MWh project for 12 years [Positive]

Nazara Technologies
Subsidiary Nodwin Gaming acquired 92.3% stake in AFK Gaming, making it a wholly owned subsidiary [Positive]

Ceigall India
Arm received NHAI order worth Rs 1,199 crore for Ayodhya Bypass construction project [Positive]

Zen Technologies
Acquired 76% stake in TISA Aerospace Pvt Ltd through equity and debenture conversion [Positive]

South Indian Bank
Gross advances up 8% YoY to Rs 89,201 crore; deposits up 9%; CASA up 9% with stable ratio at 32.06% [Positive]

Megasoft
Board approved sale of 36.52% stake in Extrovis AG, Switzerland, for $15 million (~Rs 128.4 crore) [Positive]

Maruti Suzuki India
Total sales down 6.3% YoY to 1.68 lakh units; domestic sales drop 12.2%; production down 4.2% [Negative]

SBI Cards and Payment Services
Received Show Cause Notice from GST Dept for disallowing ITC of Rs 81.45 crore and Rs 47.53 lakh for FY19–FY21 over return mismatches [Negative]

Trident
Received Show Cause Notice from CGST, Ludhiana, alleging Rs 51.86 crore tax dues plus interest and penalty over ITC reconciliation issues [Negative]

Asian Paints
CCI orders investigation into allegations by Grasim's Birla Opus Paints over abuse of market dominance and restrictive distributor clauses [Negative]

Dreamfolks
Closed certain Axis Bank and ICICI Bank programmes from July 1, 2025, which may have material business impact [Negative]

Hyundai Motor India
June total sales at 60,924 units; domestic: 44,024, exports: 16,900; SUVs form 67.6% of domestic sales mix [Neutral]

Exicom Tele-Systems
Board approved Rs 259.41 crore rights issue at Rs 143/share; ratio of 3 rights shares for every 20 held; issue opens July 15 [Neutral]

Cyient DLM
Appointed Rajendra Velagapudi as MD & CEO effective July 1 [Neutral]

Sharda Motor Industries
Appointed Ashwani Maheshwari as Deputy MD effective July 1 [Neutral]

Laxmi Organic Industries
Announced new CPO and President–Manufacturing effective August 1 [Neutral]

Karur Vysya Bank
Tied up with Kshema General Insurance as a new non-life insurance bancassurance partner [Neutral]

Godrej Properties
Sold 2.5% stake in Vivrut Developers to Godrej Ventures for Rs 8.63 crore [Neutral]

Adani Enterprises
To issue NCDs worth Rs 500 crore (plus green shoe of Rs 500 crore); completed acquisition of 85.1% in Air Works India for Rs 400 crore [Neutral]

Bulk Deals

Ellenbarrie Industrial Gases
Motilal Oswal Mutual Fund has acquired 20.95 lakh shares in the company at a price of Rs 511.10 per share, amounting to Rs 107.08 crore.
Kajaria Ceramics
JP Morgan Funds has sold 8.85 lakh shares at a price of Rs 1,067.88 per share, valued at Rs 94.5 crore.
Raymond Realty
Norges Bank, on account of the Government Pension Fund Global, has sold 4.12 lakh shares at a price of Rs 1,005.94 per share, valued at Rs 41.5 crore.

Block Deals

Bharti Airtel
Goldman Sachs (Singapore) Pte – ODI has acquired 1.03 lakh shares in the company from Kadensa Master Fund at a price of Rs 2,009.60 per share.
Hindustan Aeronautics
Goldman Sachs (Singapore) Pte – ODI has bought 1.05 lakh shares in the company at a price of Rs 4,869.80 per share from Kadensa Master Fund.
HDFC Bank
Goldman Sachs (Singapore) Pte - ODI has purchased 76,851 shares in the bank at a price of Rs 2,001.50 per share from Kadensa Master Fund.
ICICI Bank
Goldman Sachs (Singapore) Pte - ODI has acquired 1.27 lakh shares in the bank at a price of Rs 1,445.80 per share from Kadensa Master Fund.
Kaynes Technology India
Goldman Sachs (Singapore) Pte - ODI has purchased 67,690 shares in the company at a price of Rs 6,095 per share from Kadensa Master Fund.
Reliance Industries
Goldman Sachs (Singapore) Pte - ODI has bought 7.49 lakh shares in the company at a price of Rs 1,500.60 per share from Kadensa Master Fund.
Varun Beverages
Goldman Sachs (Singapore) Pte - ODI has purchased 15.25 lakh shares in the company at a price of Rs 457.55 per share from Kadensa Master Fund.
Voltas
Goldman Sachs (Singapore) Pte - ODI has acquired 3.88 lakh shares in the company at a price of Rs 1,314.10 per share from Kadensa Master Fund.

Mainboard Listing on July 2
HDB Financial Services
Sambhv Steel Tubes
SME Listing on July 2
Supertech EV
Suntech Infra Solutions
Rama Telecom
New Listing on NSE (already traded on BSE)
Piccadily Agro Industries
Stocks Trade Ex-Dividend
Bharat Seats,
Sika Interplant Systems
Stock Trades Ex-Date for Resolution Plan-Suspension
XL Energy
Stock in F&O ban
RBL Bank

Source: Moneycontrol, NDTVPROFIT, Financial Express, NSE India, Investing.com

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