Trendlyne Marketwatch
Trendlyne Marketwatch
02 Jul 2025, 04:08PM
Market closes lower, NBCC bags a Rs 355 crore order for Zoo project management services
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,453.40 (-88.4, -0.4%) , BSE Sensex closed at 83,409.69 (-287.6, -0.3%) while the broader Nifty 500 closed at 23,547.25 (-68.2, -0.3%). Market breadth is in the red. Of the 2,482 stocks traded today, 975 were gainers and 1,447 were losers.

Indian indices closed in the red, dragged down by banking & finance, realty and fertilizer stocks. The Indian volatility index, Nifty VIX, declined 0.7% and closed at 12.4 points. Maruti Suzuki India's total wholesales declined 6.3% YoY to 1.7 lakh units in June. Passenger vehicle sales dropped 13.3% YoY, while exports rose 21.9% YoY.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Alpha Quality Value Low-Volatility 30 and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Consumer Durables emerged as the best-performing sector of the day, with a rise of 0.9%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded in the green indicating a positive start to the trading session. US President Donald Trump confirmed he wouldn’t extend the July 9 deadline for countries to finalize trade deals with the US, warning that those without agreements would receive formal notices of upcoming tariffs. He also expressed doubt over a deal with Japan, reiterating the possibility of imposing tariffs as high as 30-35% on Japanese imports.

  • CG Power and Industrial Solutions sees a short buildup in its July 31 futures series, with open interest increasing by 25% and a put-call ratio of 0.6.

  • Geojit BNP Paribas maintains its 'Accumulate' call on Torrent Power, with a target price of Rs 1,636 per share. This indicates a potential upside of 12%. The brokerage remains cautious about the company's debt levels but expects revenue growth, driven by orders in the thermal segment and distribution orders from privatisation in Uttar Pradesh. It expects the firm's revenue to grow at a CAGR of 8.3% over FY26-27.

  • Sigachi Industries plunges as an explosion at its Telangana plant kills 40 and injures over 33 employees. The company suspends operations at the Pashamylaram facility for 90 days to investigate and strengthen safety protocols.

  • NBCC (India) receives an order worth Rs 354.9 crore from Forest Development Corporation of Maharashtra (FDCM), Gorewada Zoo, for project management and supervision services. The work includes construction of the African Zoo, Safari Plaza, animal hospital, quarantine facility, and other related works.

  • ICICI Prudential Asset Management, India’s second-largest AMC by assets, is reportedly set to file draft papers with SEBI for an IPO, likely this week. The offer will be a pure OFS by UK-based Prudential Plc, aiming to raise up to Rs 10,000 crore by selling at least a 10% stake.

  • Hyundai Motor India is falling sharply as its monthly wholesales decline 6% YoY to 60,924 units in June due to a 12% YoY decline in domestic wholesales. However, exports grow 15% YoY to 16,900 during the month.

  • Dreamfolks Services falls sharply as it announces the closure of specific programmes for private lenders, such as Axis Bank and ICICI Bank, from July 1. The company states that the closures may have a material impact on its financials.

  • Keystone Realtors is rising as it secures the redevelopment project of residential societies in Andheri West, Mumbai. The project is expected to generate a gross development value (GDV) of Rs 3,000 crore.

  • Alok Gupta, MD of Allied Blenders & Distillers, anticipates that Maharashtra’s new excise duty on Indian Made Foreign Liquor (IMFL) will decrease volumes by 25-30%, with some segments potentially experiencing price hikes of up to 50%. He mentions that Maharashtra accounts for less than 10% of the

  • Ramkrishna Forgings plans to invest Rs 2,000 crore to set up a manufacturing plant for forged wheels in Chennai with an annual capacity of 2.3 lakh wheels.

  • Afcons Infrastructure secures a Rs 175 crore order from Reliance Industries for the civil & structural erection work at Jamnagar, Gujarat.

  • Cyient DLM's board appoints Rajendra Velagapudi as the new Chief Executive Officer (CEO), succeeding Anthony Montalbano, effective July 1.

  • Auto sales in June show a mixed trend, with passenger vehicle sales down 7% YoY, while two-wheeler sales increase by 5% YoY. Jefferies notes significant growth divergence among original equipment manufacturers in the passenger vehicle segment. Meanwhile, Morgan Stanley highlights a rise in two-wheeler retail sales, driven by stronger growth in rural areas compared to urban regions.

  • India Pestisides expands its formulations manufacturing facility by 3,500 metric tonnes (MT) to 10,000 MT to meet the increasing demand for its formulations.

  • Sambhv Steel Tubes’ shares debut on the bourses at a 34.1% premium to the issue price of Rs 82. The Rs 540 crore IPO received bids for 28.5 times the total shares on offer.

  • HDB Financial Services’ shares debut on the bourses at a 12.8% premium to the issue price of Rs 740. The Rs 12,500 crore IPO received bids for 16.7 times the total shares on offer.

  • The Indian government issues a tender for 10,900 electric buses across five major cities under the PM e-Drive scheme to promote cleaner urban transport. The tender covers procurement, operation, maintenance, and infrastructure development. Bids open on August 12 and are expected to attract major OEMs and fleet operators due to the long-term revenue potential under the Gross Cost Contract (GCC) model.

  • Motilal Oswal initiates coverage on Inox Wind with a ‘Buy’ rating and a target price of Rs 210. The brokerage highlights the company has a strong order book of 3.2 gigawatts (GW) and anticipates a ramp-up in wind turbine generator production from 705 megawatts (MW) in FY25 to 1.8 GW by FY28. It also expects an EBITDA CAGR of 38% over FY26–28.

  • Hero MotoCorp's monthly wholesales rise 10% YoY to 5.5 lakh units in June due to higher scooter sales and domestic business. Exports surge 140% YoY to 28,827 units during the month.

  • Adani Ports and Special Economic Zone handles 41.3 million metric tonnes (MMT) of cargo in June, led by a 15% YoY growth in the container segment. Its logistics rail volumes grew 14% YoY to 62,146 TEUs.

  • Goldman Sachs downgrades SBI Cards to a 'Neutral' rating with a target price of Rs 1,006. The brokerage believes the current stock price already reflects most of the company's positives. It anticipates growth to accelerate in H2FY26, driven by improving return on assets (ROAs) and loan growth. However, it expects earnings per share (EPS) growth to be gradual, citing slow loan conversion, limited leverage gains, and elevated credit costs.

  • JSW Energy secures a work order from Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for developing three standalone battery energy storage system projects with a total capacity of 250 MW/500 MWh.

  • Lupin is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Loteprednol Etabonate Ophthalmic Gel. The drug is a bioequivalent of Bausch & Lomb's Lotemax SM Ophthalmic Gel and is used for the treatment of postoperative inflammation and pain following ocular surgery. It has an estimated annual sales of $29 million, according to IQVIA.

  • Ceigall India rises sharply as its, subsidiary, Ceigall Northern Ayodhya Bypass, receives an order worth Rs 1,199.3 crore from National Highways Authority of India (NHAI). The contract involves constructing a 35.4 km, 4/6-lane bypass on both sides of NH-27 in Ayodhya, Uttar Pradesh.

  • Maruti Suzuki India's total wholesales decline 6.3% YoY to 1.7 lakh units in June. Passenger vehicle sales drop 13.3% YoY, while exports rise 21.9% YoY.

  • Nifty 50 was trading at 25,590.80 (49, 0.2%) , BSE Sensex was trading at 83,790.72 (93.4, 0.1%) while the broader Nifty 500 was trading at 23,646.50 (31.1, 0.1%)

  • Market breadth is in the green. Of the 2,018 stocks traded today, 1,135 showed gains, and 813 showed losses.

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1,807.50, 4.7%), Mankind Pharma Ltd. (2,384.70, 4.3%) and Tata Steel Ltd. (165.88, 3.6%).

Downers:

Largecap and midcap losers today include Hyundai Motor India Ltd. (2,123.70, -5.2%), Suzlon Energy Ltd. (64.79, -3.6%) and Lloyds Metals & Energy Ltd. (1,525.10, -3.5%).

Volume Rockets

19 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sagility India Ltd. (43.72, 6.2%), Maharashtra Scooters Ltd. (15,314, 6.1%) and Rites Ltd. (295.10, 5.8%).

Top high volume losers on BSE were Phoenix Mills Ltd. (1,495, -3.3%), Mahindra & Mahindra Financial Services Ltd. (261.75, -2.0%) and ZF Commercial Vehicle Control Systems India Ltd. (13,179, -1.4%).

Sai Life Science Ltd. (789.10, 1.2%) was trading at 22.4 times of weekly average. Tata Communications Ltd. (1,807.50, 4.7%) and Latent View Analytics Ltd. (425, 3.6%) were trading with volumes 12.1 and 11.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bharti Airtel Ltd. (2,033.30, 0.7%), City Union Bank Ltd. (221.44, -3.9%) and Divi's Laboratories Ltd. (6,859.50, 0.0%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (41.06, -2.3%).

11 stocks climbed above their 200 day SMA including Kajaria Ceramics Ltd. (1,130, 5.2%) and Tata Communications Ltd. (1,807.50, 4.7%). 13 stocks slipped below their 200 SMA including Sammaan Capital Ltd. (136, -3.1%) and CG Power and Industrial Solutions Ltd. (666.10, -2.5%).

 
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