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Global developments, FII activity among 7 cues to drive Dalal Street action next week

Global developments, FII activity among 7 cues to drive Dalal Street action next week

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Stock Market LIVE: GIFT Nifty flat; Nikkei gains 1.5%; S&P, Nasdaq hit record highs
Stock Market LIVE: GIFT Nifty flat; Nikkei gains 1.5%; S&P, Nasdaq hit record highs

Business Standard

time38 minutes ago

  • Business Standard

Stock Market LIVE: GIFT Nifty flat; Nikkei gains 1.5%; S&P, Nasdaq hit record highs

Sensex Today | Stock Market LIVE on Monday, June 30, 2025: Around 7:10 AM, GIFT Nifty futures were trading 22 points higher at 25,772, indicating a flat to positive start for the bourses. 7:17 AM Stock Market LIVE Updates: Reliance Jio on path to become dominant FWA player globally: Analysts Stock Market LIVE Updates: Indian telecom major Reliance Jio is on track to become the world's largest Fixed Wireless Access provider by subscriber base, eclipsing US-based telecom giant T-Mobile, an analyst report said on Sunday. According to recent data released by telecom regulator Trai, Reliance Jio total 5G FWA subscriber base (including unlicensed band radio) reached 6.88 million in May, while T-Mobile had 6.85 million subscribers in March. Reliance Jio reclassified around 1 million Fixed Wireless Access (FWA) unlicensed band radio (UBR) subscribers into FTTx category, following which its net FWA subscriber base stood at 5.9 million in May, with a monthly addition of 0.74 million customers. READ MORE 7:13 AM Stock Market LIVE Updates: China's manufacturing activity contracts for a third month amid deflation woes Stock Market LIVE Updates: China's manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions. The official purchasing managers' index (PMI) improved slightly to 49.7 in June from 49.5 in May but stayed below the 50-benchmark separating expansion from contraction. That figure was in line with analysts' forecast of 49.7 in a Reuters poll. The non-manufacturing PMI, which includes services and construction, rose to 50.5 from 50.3 in May. Chinese manufacturers have been grappling with a deepening price war amid a supply glut and sluggish consumer demand, exacerbated by higher US tariffs that dwarfed its exports to the world's largest consumption market. 7:13 AM Stock Market LIVE Updates: Rare earth curbs to affect ICE vehicles as well: Automobile industry Stock Market LIVE Updates: Raising concerns over China's export curbs on rare-earth elements, the automobile industry is learnt to have told the Ministry of Commerce and Industry earlier this month that the issue threatens to disrupt production of not just electric vehicles (EVs) but also internal combustion engine (ICE) automobiles. To raise these issues, a delegation of senior executives from leading automakers and component manufacturers was scheduled to visit China this month. However, Chinese authorities are yet to respond positively to India's request to allow the delegation, people familiar with the matter said. READ MORE 7:09 AM Stock Market LIVE Updates: Torrent Pharma to acquire JB Pharma from KKR at ₹25,689 cr valuation Stock Market LIVE Updates: In one of the largest pharmaceutical deals in India in recent years, Ahmedabad-based Torrent Pharmaceuticals will acquire a controlling stake in investment firm KKR-backed JB Chemicals and Pharmaceuticals (known as JB Pharma) at an equity valuation of ₹25,689 crore. This will be followed by the merger of the two entities. The deal will be executed in two phases: First the acquisition of the 46.39 per cent stake of KKR in JB Pharma at ₹1,600 per share, amounting to ₹11,917 crore, and then a mandatory open offer to acquire up to 26 per cent of JB Pharma shares from public shareholders at an open offer price of ₹1639.18 per share. READ MORE 7:08 AM Stock Market LIVE Updates: MF distribution industry moving towards consolidation: Misbah Baxamusa Stock Market LIVE Updates: Misbah Baxamusa, chief executive officer (CEO) at NJ Wealth — one of India's largest mutual fund (MF) distributors, with assets under management (AUM) of over ₹2.5 trillion — tells Business Standard in an email interview that they're seeing growing interest from salaried individuals, small business owners, and first-generation earners in Tier-II and Tier-III cities, who are aspirational and open to exploring investment avenues. READ MORE 7:06 AM Stock Market LIVE Updates: Growth to remain muted for IT services firms in Q1 amid macro uncertainty Stock Market LIVE Updates: Indian information technology (IT) service providers are expected to deliver low single-digit sequential growth in the first quarter (April-June) of 2025-26 (FY26), even as macroeconomic uncertainties continue to persist due to the volatile geopolitical environment. While the road ahead appears far from rosy, IT companies – which depend on the US for a large part of their revenue – point to no material deterioration in the spending environment. The quarter ended June 30 looks slightly better than what was feared earlier. 'This quarter will not be as bad as March but not as good as January either. While there has not been a sharp cut in spending, growth in this environment is difficult to come by as clients are still cautious on spending. For largecap players, our growth estimate is at sub-2 per cent while at the bottom end it is about a negative 1.5 per cent, at worst, sequentially,' said a senior analyst at an international research firm. READ MORE 7:05 AM Stock Market LIVE Updates: A $738 bn potential: 9 sectors set to redraw India's global growth map Stock Market LIVE Updates: Indian companies could achieve disproportionate growth through distinctly Indian capabilities in nine transformative sectors in the global arena, which could collectively yield between $588 billion and $738 billion in revenues by 2030, according to estimates by McKinsey & Company. That represents a three and a half fold increase over 2023, which was pegged at between $164-206 billion. This engine of growth is expected to come from nine sectors: e-commerce, semiconductor, Cloud services, cybersecurity, electric vehicle and battery, artificial intelligence (AI) software and services, space, nuclear fission, and robotics. The sectors were chosen based on either patent activity being twice the median or research and development (R&D) investment outpacing the national average by a factor of two. READ MORE

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 June 2025
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 June 2025

Mint

timean hour ago

  • Mint

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 June 2025

Breakout stocks buy or sell: The Indian stock market extended its winning streak for the fourth consecutive session on Friday, June 27, buoyed by largely positive global trends. The Sensex rose by 303 points, or 0.36%, to settle at 84,058.90, while the Nifty 50 gained 89 points, or 0.35%, closing at 25,637.80. Broad-based buying was observed across the market, with the BSE Midcap index up by 0.38% and the Smallcap index increasing by 0.54%. In the last four sessions, the Sensex has surged by 2,162 points, marking a nearly 3% rise, with the Nifty 50 mirroring this upward trend. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index closed above its previous days close. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is heading towards the immediate target of 25,700, while on the lower side, it has made a strong base in 25,300 to 35,250 levels. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: NDR Auto Components, Indraprastha Medical Corporation, LT Foods, Redington, and SML Isuzu. 1] NDR Auto Components: Buy at ₹ 1078.55, target ₹ 1150, stop loss ₹ 1035; 2] Indraprastha Medical Corporation: Buy at ₹ 449.35, target ₹ 477, stop loss ₹ 432; 3] LT Foods: Buy at ₹ 483.25, target ₹ 515, stop loss ₹ 465; 4] Redington: Buy at ₹ 322.05, target ₹ 345, stop loss ₹ 310; 5] SML Isuzu: Buy at ₹ 2034.1, target ₹ 2160, stop loss ₹ 1965. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Asian stocks, US futures rise as trade talks progress
Asian stocks, US futures rise as trade talks progress

Economic Times

timean hour ago

  • Economic Times

Asian stocks, US futures rise as trade talks progress

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Asian stocks rose along with equity-index futures as record-high US stocks and progress in trade negotiations boosted risk MSCI Asia-Pacific index advanced 0.3% at the open Monday. The Nikkei 225 index jumped by more than 1% after Japan's top negotiator extended his stay in the US for further trade talks ahead of a July 9 deadline. Contracts for the S&P 500 index and the Nasdaq 100 rose 0.3%. A gauge of the dollar dipped 0.1% as Senate negotiations continued over President Donald Trump's $4.5 trillion tax-cut oil fell 1% as traders wound back risk premiums before the OPEC+ meeting. Treasuries slipped, with the yield on the 10-year rising about 1 basis point to 4.28%.On Friday, US stocks rose to a fresh all-time high for the first time since February, underscoring the conviction the economy is withstanding policy uncertainties. Trump in April put tariffs on dozens of trading partners on pause for three months, providing a boost for equities. A gauge of Asian stocks is set to climb more than 4% for a second month as investors look past tariff angst and recent tensions the Middle East.'The momentum and trends seen in risky markets portray an almost nirvana environment in which to operate,' Chris Weston, head of research at Pepperstone Group, wrote in a note. Rapid reduction of geopolitical risks and expectations about imminent trade deals are 'all adding tailwinds to risk markets.'India's trade team extended its stay in Washington to iron out differences as the two sides look to clinch a deal before the July 9 deadline, people familiar with the matter said. Trump also said he doesn't think he'll need to extend the market's resilience may be seen as complacent with traders 'eating up' the Trump administration's rhetoric, said Kyle Rodda, a senior market analyst at in Melbourne. Markets could trend higher should the aggregate tariff rate fall following the deadline, or face 'some reversal' if deals don't materialize, he US inflation and easing uncertainty in trade tensions have helped improve market sentiment this month. The S&P 500 index has gained 10% this quarter, its sixth advance in seven quarters. A gauge of the dollar has tumbled 6.3% this quarter, on pace for its biggest decline since December 2022.'The recent conflict in the Middle East is a reminder, both that new policy shocks can surface, but also that unless the worst outcomes materialize, they can create a 'wall of worry' for markets to climb,' Goldman Sachs Group Inc. strategists including Kamakshya Trivedi wrote in a negotiations over Trump's tax cut bill are continuing as Republicans seek to convince holdouts to support it for final passage, with a vote set to spill into Monday. The nonpartisan Congressional Budget Office estimates the measure would add nearly $3.3 trillion to US deficits over a will soon shift to Chinese manufacturing and non-manufacturing PMIs later Monday as traders assess the impact Trump's trade war on its economy.'Market participants will closely watch if new export orders in the manufacturing PMIs recover further after the US and China agreed on a trade truce in mid-May,' Commonwealth Bank of Australia strategists including Kristina Clifton wrote in a note to clients.

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