TLDR
📈 Market Recap: July 03, 2025
On July 3, 2025, Indian equities ended slightly lower after a volatile session marked by late profit-booking in heavyweight private banks. Early optimism driven by hopes of an India–US tariff deal expected next week gave way to cautious selling as global crude prices swung sharply and the rupee weakened. The Sensex closed down 52 points at 83,668, and the Nifty 50 ended at 25,530, off its morning highs. Broader market action was mixed, PSU banks and select exporters helped cap deeper losses. Bond yields stayed flat, tracking stable global rates.
Key Drivers:
Profit-taking in financials: Large private lenders saw late-session selling, wiping out gains from tariff-deal hopes.
Global cues cautious: Brent crude swung between USD 69–75/bbl on fresh OPEC+ supply signals. The rupee slipped to ₹85.68/$, ending a two-day rise.
FPI flows & defensives: Foreign portfolio investors remained net sellers for the fifth session, but PSU banks and exporters limited the downside.
Today’s Top Stories:
Rupee Supported by India–US Trade Deal Hopes & Weak US Jobs Data: The rupee strengthened as trade deal optimism and soft US jobs data drew fresh foreign equity inflows.
India Services Sector Growth Hits 10‑Month High: India’s services PMI jumped to a 10-month high in June on robust local and export orders with easing cost pressures.
RBI Announces ₹1 T Reverse Repo Auction: RBI’s ₹1 trn reverse repo auction aims to manage surplus liquidity as overnight rates near the policy rate.
CII Projects FY26 Growth at 6.4–6.7% on Monsoon & Liquidity Support: CII expects India’s GDP to grow 6.4–6.7% in FY26, supported by strong monsoon-driven rural demand and ample liquidity.
India Renewable Power Output Hits 24.4% Growth, Fastest in Three Years: Renewable generation soared 24.4% in the first half of 2025, the fastest in 3 years, fueling India’s clean-energy transition.
INDIASTOX INVESTMENT RESEARCH HACKATHON🏆 The Results Are In! Meet the Winners of Hackathon 1The first edition of the IndiaStox Investment Research Hackathon has wrapped up, and we’re excited to announce the standout entries that rose to the top. After a detailed review process by our expert panel, here are the top five submissions that demonstrated depth, clarity, and strong investment reasoning:
📌 In the coming days, we’ll be featuring select submissions across the IndiaStox platform and community channels. 💡 If you didn’t make it this time, we encourage you to stay engaged. The next edition of the hackathon begins Very Soon..., with updated judging criteria, new themes, and higher benchmarks. 🗣️ If you valued the experience or took something away from it, feel free to share it in your own way and tag @IndiaStox on LinkedIn or X. The more thoughtful voices we bring together, the stronger this community becomes. |
TOP STORIES
1. Rupee Supported by India-US Trade Deal Hopes & Weak US Jobs Data
DALL-E
Currency boost: India–US trade optimism and a weak US ADP jobs print drove the rupee higher.
Trade sentiment: Markets buoyed by hopes of a tariff deal by the July 9 deadline.
Fund flows: FIIs bought $129.1mn in Indian equities while trimming bond exposure.
2. India Services Sector Growth Hits 10-Month High
DALL-E
PMI jump: June services PMI climbed to 60.4, the strongest since August 2024.
Broad demand: Growth supported by both domestic and export orders.
Inflation cools: Input-cost pressure eased, improving margins.
3. RBI Announces ₹1 T Reverse Repo Auction
DALL-E
Auction planned: RBI to conduct a ₹1 trn, seven-day reverse repo auction on July 4.
Liquidity glut: System-wide surplus hit a three-year high of ₹3.75 trn.
Market effect: Call money rates pushed up toward the 5.5% repo rate.
4. CII Projects FY26 Growth at 6.4–6.7% on Monsoon & Liquidity Support
DALL-E
Growth forecast: CII expects 6.4–6.7% GDP growth in FY26, led by rural demand and policy liquidity.
Policy tailwinds: RBI rate and CRR cuts since June added ₹2.5 trn system liquidity.
Balanced risks: Stable growth outlook, with geopolitical uncertainty as a watch point.
5. India Renewable Power Output Hits 24.4% Growth, Fastest in Three Years
DALL-E
Output surge: Renewable electricity generation rose 24.4% in January–June 2025, the fastest growth since 2022.
Coal decline: Coal-fired generation fell nearly 3%, as mild summer and early monsoon eased demand.
Clean energy push: Renewables now make up over 17% of India’s energy mix, with 32 GW added this year.
GYAANI HOT TAKES
Disclaimer:
The IndiaStox Research Hackathon is intended for educational and community engagement purposes only. Submissions do not constitute investment advice, nor should they be construed as recommendations to buy or sell any securities.
By participating in the IndiaStox Research Hackathon and submitting content, you grant IndiaStox a worldwide, royalty-free, perpetual, and irrevocable license to use, reproduce, modify, publish, distribute, and display your submission, whether in whole or in part, across its digital platforms and in promotional materials. This license extends to both commercial and non-commercial purposes, including content seeding, editorial use, and advertising.
By submitting your work, you confirm that it is your original creation and that you have the right to grant the above license.
