TLDR
📈 Market Recap: July 02, 2025
On July 2, 2025, Indian equity benchmarks started the session on a cautious note after the previous day’s flat close. Early trade saw mild gains as investors tracked overnight US cues and watched global commodity moves. The Sensex opened around 83,750, up nearly 50 points, while the Nifty 50 hovered near 25,560. Broader markets continued to show mixed undertones with PSU banks extending strength but FMCG and IT remaining weak spots. Bond yields were steady as the market waited for further signals from global central banks.
Key Drivers:
Profit-taking in financials: Late-session selling in large private banks wiped out earlier gains driven by optimism over a possible India–US tariff resolution next week.
Mixed global cues: Brent crude was volatile, swinging between USD 69 and USD 75 per barrel, while the rupee reversed its two-day uptrend to close weaker at ₹85.68/$.
FPI flows & defensives: Foreign portfolio investors remained net sellers for a fifth straight session, but buying in PSU banks and select exporters cushioned the downside.
Today’s Top Stories:
Credila IPO Anchor Response Strong: Credila’s anchor portion sees 3x oversubscription, boosts confidence in July primary markets.
NSDL Gets SEBI Nod for IPO: Issue likely to open within July.
SEBI Streamlines Contract Notes & Reopens Share-Transfer Window: One contract note for BSE+NSE trades; six-month share-transfer window reopens; brokers hail less friction.
Travel Food Services Files ₹1,940 Cr IPO: Airport F&B giant to raise USD 234 m; eyes new lounges and digital kiosks; healthy demand seen despite premium valuation.
Gov't Clears ₹1 Lakh-Crore RDI Push: ₹1 lakh cr RDI scheme cleared to spur private R&D in semiconductors, AI, defence, clean energy; big productivity kicker ahead.
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. Credila IPO Anchor Response Strong
DALL-E
Oversubscription: Credila’s anchor book reportedly covered over 3x, signalling strong institutional confidence.
Key backers: Major domestic mutual funds and a few sovereign wealth funds participated.
Next step: Final price band and retail bidding details expected to be announced by July 4.
2. NSDL Gets SEBI Nod for IPO
DALL-E
Approval milestone: India’s largest depository got the green light for its ₹4,500 cr IPO.
Fund use: Proceeds will go into technology upgrades and expanding market infrastructure.
Sentiment impact: Market watchers expect this to attract strong anchor interest like Credila.
3. SEBI Streamlines Contract Notes & Reopens Share-Transfer Window
DALL-E
Key reforms: A single, unified contract note for BSE + NSE trades will replace dual paperwork, aligning India with global post-trade norms.
Investor relief: A six-month window starting 7 July lets shareholders re-lodge physical transfer deeds that were rejected before April 2019.
Industry take: Brokers hail lower compliance friction and better transparency, though cost savings are considered modest.
4. Travel Food Services Files ₹1,940 Cr IPO
DALL-E
Issue details: Airport F&B operator sets a ₹1,045–1,100 price band for a USD 234 m float, implying a valuation near USD 1.7 bn.
Growth plan: Proceeds will fund new lounges and digital self-service kiosks across 14 Indian airports and select overseas hubs.
Demand outlook: Analysts expect healthy subscription given the firm’s quasi-monopoly at major airports, but flag rich multiples versus global peers.
5. Gov't Clears ₹1 Lakh-Crore RDI Push
DALL-E
Scheme size: Government okays ₹1 lakh cr (50-year, low-interest loans) to catalyse private R&D investment.
Focus sectors: Target areas include semiconductors, AI, defence electronics, and clean energy under the Viksit Bharat 2047 roadmap.
Economic impact: Economists see a long-tail boost to productivity and capital-goods demand; deep-tech names are likely early beneficiaries.
GYAANI HOT TAKES
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