TLDR
📈 Market Recap: July 09, 2025
Indian equity benchmarks ended lower on July 9 after a range-bound session amid muted global cues and profit-booking. The BSE Sensex closed down 0.2% at 83,536, and the NSE Nifty fell 0.2% to 25,476. Mid-caps were mixed (Nifty Midcap -0.1%, Smallcap +0.6%), and market breadth was nearly even. Sectorally, defensive and consumption names outperformed: Nifty FMCG, Auto, Financial Services, Pharma and Consumer Durables closed higher, while Realty, Metal, Oil & Gas, Energy, IT and PSU banks lagged. Corporate news also weighed: mining major Vedanta fell 3% after a Viceroy Research short report.
Key Drivers:
Trade jitters: Uncertainty over looming US tariffs and negotiations kept investors cautious. US President Trump signalled high tariffs on BRICS imports, fueling risk-off sentiment.
Sector rotation: Buyers favoured defensive names (FMCG, pharma, financials) while cyclicals (realty, metals, oil & gas) and IT struggled. Banks pared gains after recent rallies.
Global cues: US markets were mixed (S&P flat, Dow -0.4%) as investors awaited Fed minutes and trade updates. Rising crude (up 0.4%) on Red Sea tensions lent support to energy stocks. Indian VIX fell to 11.9 (–2%) on the day.
Today’s Top Stories:
India’s Rare-Earth Magnet Push Draws Vedanta, JSW Interest: Government launches ₹3,000 crore plan to boost rare-earth magnets; Vedanta and JSW show early interest to cut China reliance.
Starlink Secures Final IN‑SPACe Approval in India: Starlink gets 5-year Indian licence for satellite broadband; next step is spectrum and ground infrastructure rollout.
Education Loan Growth at NBFCs to Slow to 25% in FY26: NBFC education loan AUM is seen slowing to 25% growth this year due to tighter US student visa norms.
India Inc Q2 Deal Value Drops 48% to $17 Billion: India Inc’s Q2 deal value fell 48% QoQ amid weak M&A and IPOs; private equity flows stayed resilient.
Asian Paints Exits Akzo Nobel India with ₹734 Crore Divestment: Asian Paints sells entire stake in Akzo Nobel India for ₹734 crore to refocus on its core domestic paint business.
TOP STORIES
1. India’s Rare-Earth Magnet Push Draws Vedanta, JSW Interest
DALL-E
Policy push: India will launch a ₹2,500–3,000 crore scheme to boost domestic rare-earth magnet manufacturing and cut China dependence.
Who’s in: Vedanta, JSW, and other metal majors plan to bid for mining blocks and build processing units.
Why it matters: Rare-earth magnets are critical for EVs, wind turbines and electronics; local production aligns with India’s Critical Minerals Mission.
India to launch a ₹2,500–3,000 cr scheme for rare-earth magnets; Vedanta, JSW interested. What’s your view on India’s rare-earth push?
2. Starlink Secures Final IN‑SPACe Approval in India
DALL-E
Update: India’s space regulator IN‑SPACe has granted a 5-year licence to Starlink (Gen1) to deploy and operate its low Earth orbit satellite constellation in India.
Next steps: Starlink now needs to obtain spectrum, build ground infrastructure, and complete trials to meet security norms.
Impact: Starlink becomes the third company (after OneWeb & Jio) cleared for satellite internet, paving the way for rural broadband rollout.
Starlink secures IN-SPACe licence, joining OneWeb & Jio in India’s satellite broadband race. What do you expect from Starlink’s India entry?
3. Education Loan Growth at NBFCs to Slow to 25% in FY26
DALL-E
Update: After 48% growth in FY25 to ₹64,000 crore, NBFC education loan AUM is projected to grow just 25% this year on stricter US visa rules.
Reason: US-focused loans now form 50% of portfolios; firms are pivoting to UK, Germany and domestic segments to offset risk.
Impact: Slower disbursement growth expected, but asset quality seen stable so far.
NBFC education loan growth seen slowing to 25% in FY26 on tighter US visa norms. How does this affect your outlook for education lenders?
4. India Inc Q2 Deal Value Drops 48% to $17 Billion
DALL-E
Update: India Inc reported 582 deals worth $17 billion in Q2 FY25, marking a sharp 48% decline in deal value from Q1, amid global uncertainty.
Detail: While M&A and IPO volumes tumbled, private equity remained stable with 357 deals valued at $7.4 billion, the second‑highest quarterly PE volume since Q4 2022.
Significance: The slump was broad-based, with domestic M&A at a 2‑year low and only 12 IPOs raising $1.9 billion, though late‑quarter pick‑ups (e.g., Leela Hotels, Ather Energy) hint at a potential rebound.
India Inc’s Q2 deal value fell 48% to $17 bn; only PE held steady. What’s your read on India’s dealmaking slump?
5. Asian Paints Exits Akzo Nobel India with ₹734 Crore Divestment
DALL-E
Update: Asian Paints has sold its entire stake in Akzo Nobel India for ₹734 crore to concentrate on strengthening its core domestic paint operations.
Detail: The divestment aligns with its strategy to streamline investments and focus on its flagship markets in decorative coatings.
Impact: The fresh capital is expected to be deployed for domestic expansion and new product development in its core segments.
Asian Paints sold its entire Akzo Nobel India stake for ₹734 cr to focus on core business. Good move for Asian Paints?
GYAANI HOT TAKES
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