Nifty 50 began the session at 25,588.30, rising by 46.50 points or 0.18%. Bank Nifty started at 57,558.20, up 98.80 points or 0.17%. Sensex opened at 83,790.08, marking a gain of 92.79 points or 0.11%. Gift Nifty commenced trading at 25,686.50.
Global index as of 2 July 2025
- DOW 30 gained 400.17 points, rising by +0.91% to 44494.90.
- S&P 500 slipped by 6.94 points, declining -0.11% to 6198.01.
- NASDAQ dropped 166.85 points, falling -0.82% to 20202.90.
- FTSE 100 rose by 24.37 points, up +0.28% to 8785.33.
- DAX declined by 236.32 points, down -0.99% to 23673.30.
- NIKKEI 225 saw a sharp fall of 501.06 points, decreasing -1.24% to 39986.30.
Commodities Update
- Gold: Currently trading at ₹9,841 per gram.
- Silver: Up by ₹0.10, now at ₹110.10 per gram.
- Crude Oil: Prices have fallen down by 0.06%, reaching 66.905, compared to the previous close of 66.945.
Global events/updates
GLOBAL NEWS
- US June ISM manufacturing index rises to 49 vs the estimated 48.8
- US May job openings at 7.76 Mn vs estimated of 7.30 Mn
- US job openings rose to 7.77 Mn in May from 7.40 Mn
U.S. ECONOMIC DATA
- US June ISM Manufacturing PMI At 49 Vs Estimate Of 49.2
- US June ISM Manufacturing Employment At 45 Vs Estimate Of 48
- US June ISM Manufacturing New Orders At 46.4 Vs Estimate Of 48.3
- US June ISM Manufacturing Prices At 69.7 Vs Estimate Of 69.7
GST COLLECTION DATA
- June total GST collections at ₹1.85 lk cr, up 6.2% YoY
- June Central GST collections at ₹34,600 cr
- State GST collections at ₹43,300 cr
- June Integrated GST collections at ₹93,300 cr; GST cess collections at ₹13,500 cr
Stocks to watch
- Hyundai Motor India: Passenger vehicle sales in June stood at 60,924 units, above the estimate of 59,400 units. Domestic sales were 44,024 units versus 43,861 units in May. Exports rose to 16,900 units from 14,840 units in May.
- Maruti Suzuki: Total sales fell 6% year-on-year to 1.68 lakh units, versus an estimate of 1.675 lakh units. Domestic sales declined 12% to 1.3 lakh units, while exports increased 22% to 37,842 units. Domestic passenger vehicle sales dropped 13% to 1.19 lakh units.
- Adani Enterprises: The company will issue NCDs worth Rs 500 crore, with an additional green-shoe option of Rs 500 crore. The issue opens on July 9 and closes on July 22. Its arm, Adani Defence Systems and Technologies, completed the acquisition of an 85.1% stake in Air Works India for Rs 400 crore on July 1.
- Ceigall India: An arm of the company received an order worth Rs 1,199 crore from NHAI for constructing the 4/6-lane Northern Ayodhya Bypass (Part-1) with a length of 35.40 km.
- NIBE: Received a purchase order worth Rs 22.7 crore for the supply of turret structure assemblies, to be executed in tranches by June 28, 2026.
- JSW Energy: Subsidiary JSW Renew Energy signed a purchase pact with Rajasthan Vidyut Utpadan Nigam for a 250 MW/500 MWh battery energy storage system.
- Godrej Properties: Sold a 2.5% stake in Vrirut Developers to Godrej Ventures & Investment Advisers for Rs 8.6 crore.
- NMDC: June production was at 3.57 million tonnes compared to 3.37 million tonnes. Sales stood at 3.58 million tonnes versus 3.73 million tonnes.
- Paras Defence: Will supply up to 30 CHIMERA 200 counter-drone systems to France’s CERBAIR in a deal valued at Rs 22 crore.
- Rites: Received a letter of award from South Western Railway for station redevelopment at Tumakuru worth Rs 37.81 crore. Also received a $3.6 million order from African Rail Co for the supply of 2 overhauled ALCO locomotives.
- Exicom Tele-System: Approved a rights issue in the ratio of 3:20 at Rs 143 per share, aggregating to Rs 259 crore. Approved a rights issue of up to 1.8 crore equity shares at Rs 143 each. The issue opens on July 15, with a record date of July 7.
- Rainbow Children’s Medicare: Acquired 76% equity and 100% preference shares of Prashanthi Medicare.
- Zen Technologies: Acquired a 76% stake in TISA Aerospace Private Limited, making it a subsidiary by purchasing equity shares and converting debentures.
- South Indian Bank: Reported June update: gross advances rose 8% YoY to Rs 89,201 crore, deposits increased 9% to Rs 1.12 lakh crore, and CASA rose 9% to Rs 36,204 crore. CASA ratio remained at 32.06%.
Written by Manideep Appana
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