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Trendlyne Marketwatch
04 Jul 2025, 04:01PM
Market closes higher, Bajaj Finance's AUM grows 25% YoY crore in Q1FY26
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,461 (55.7, 0.2%) , BSE Sensex closed at 83,432.89 (193.4, 0.2%) while the broader Nifty 500 closed at 23,562.45 (40.6, 0.2%). Market breadth is even. Of the 2,471 stocks traded today, 1,272 were gainers and 1,158 were losers.

Indian indices closed higher after rising in the afternoon session. The Indian volatility index, Nifty VIX, fell 0.6% and closed at 12.3 points. BSE closed 6.6% lower after SEBI barred US-based Jane Street from Indian markets for allegedly manipulating equity derivatives through high-frequency trading.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Capital Markets and Nifty Midcap Liquid 15 Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Retailing emerged as the worst-performing sector of the day, with a fall of 2%.

Asian indices closed mixed. European indices are trading lower. US index futures are trading lower as investors remain cautious ahead of potential tariff announcements, with the current pause set to end on July 8. US markets are closed today for Independence Day. Brent crude futures are trading lower after falling 0.5% on Thursday.

  • Relative strength index (RSI) indicates that stocks like DCM Shriram, Bayer Cropscience, Laurus Labs, and JM Financial are in the overbought zone.

  • ArisInfra Solutions rises sharply as its subsidiary, ArisUnitern RE Solutions, secures a development management project in Bengaluru’s Nandi Hills with a gross development value of Rs 288 crore. The contract is expected to add nearly Rs 100 crore to ArisInfra’s order book, with responsibilities including material supply, project monitoring, sales, and collections.

  • Prabhudas Lilladher retains its 'Buy' call on Apollo Hospitals, with a target price of Rs 8,350 per share. This indicates a potential upside of 10.5%. The brokerage believes that the stake sale in Apollo HealthCo to Advent and the merger with Keimed are positive steps and will lead to an integrated pharmacy distribution business. It expects the company's revenue to grow at a CAGR of 16.1% over FY26-27.

  • IRB InvIT Fund to acquire 100% stake in three special purpose vehicles (SPVs) from IRB Infrastructure Trust (Private InvIT) for Rs 8,436 crore. The SPVs operate DBFOT (design, build, finance, operate, and toll) road projects.

  • Shares of Indraprastha Gas and Mahanagar Gas rise after the Petroleum and Natural Gas Regulatory Board approves the 2025 reforms to Natural Gas Pipeline Tariff Regulations. Key changes include reducing tariff zones from three to two and extending zone 1 tariffs nationwide to CNG and PNG. Pipeline operators must now source at least 75% of system-use gas through long-term contracts of three years or more.

  • Zinka Logistics Solutions is rising as its subsidiary, TZF Logistics Solutions, receives a prepaid payment instruments (PPI) license from the Reserve Bank of India (RBI). This will allow the company to establish and operate payment systems for PPIs.

  • KPI Green Energy is rising as its subsidiary, Sun Drops Energia, receives an order from Avichal Power to build a 100 MW solar power plant in Gujarat. The order includes full project work such as design, equipment supply, construction, and ongoing maintenance.

  • Bajaj Finance rises as its AUM grows by 25% YoY to Rs 4.4 lakh crore in Q1FY26. New loans booked increase 23% YoY to 1.3 crore during the quarter. It appears in a screener of stocks with zero promoter pledge.

  • Nuvama Wealth Management drops 10.9% following regulatory action by SEBI against its US-based trading partner, Jane Street. SEBI accuses Jane Street of manipulating index levels on expiry days to profit from Nifty and Bank Nifty options, resulting in illegal gains of Rs 4,844 crore, which must be deposited into an escrow account.

  • VRL Logistics' board of directors approves a bonus issue of shares to equity holders in the ratio of 1:1. This means that each shareholder will receive one fully paid-up equity share with a face value of Rs 10 for every share they hold on the record date.

  • Trent plunges as Nuvama downgrades the stock to ‘Hold’ from 'Buy' and cuts its target price to Rs 5,884, citing slower growth. At its annual general meeting (AGM), Trent flagged a slowdown in revenue growth, with expectations of around 20% for Q1FY26. This figure contrasts sharply with the 35% CAGR achieved between FY20 and FY25 and falls short of the company's target to maintain a 25% CAGR in the coming years.

  • Prime Focus surges to a new all-time high of Rs 175 as its board of directors approves a preferential issue of 46.3 crore equity shares worth Rs 5,552 crore at an issue price of Rs 120 per share.

  • Oil futures edge lower as Iran reaffirms its commitment to nuclear non-proliferation and expectations grow that major producers may agree to increase output this weekend. Brent crude futures slip 0.5% to $68.4 a barrel, while US West Texas Intermediate crude drops 0.2%.

  • BSE falls sharply after SEBI bars US-based Jane Street from Indian markets for alleged manipulation in equity derivatives. SEBI claims the firm used high-frequency trading to distort indices and mislead retail traders.

  • Kaynes Technology's board of directors approves a $17.7 million (~ Rs 151.1 crore) investment in its subsidiary, Kaynes Holding, through the acquisition of 1.8 crore shares. The subsidiary will utilise it to enhance the company's market presence in the electronics system design and manufacturing segments.

  • GMM Pfaudler is rising as its wholly-owned subsidiary, Pfaudler Brazil, agrees to acquire a 100% stake in SEMCO, Brazil, for $18.5 million (~Rs 158 crore). The acquisition strengthens its mixing technologies platform and expands its presence in Brazil and South America.

  • The Nifty India Defence index rises by 1.5% as the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approves 10 capital acquisition proposals worth approximately Rs 1.1 lakh crore for the Indian armed forces, with a focus on indigenous sourcing under the Buy (Indian-IDDM) category.

  • PC Jewellers surges as its Q1FY26 revenue jumps 80% YoY on account of increased demand due to the wedding and festive seasons. Its outstanding debt falls 7.5% during the quarter, in line with the company's target to be debt-free by the end of FY26.

  • Piramal Pharma falls as Carlyle Group plans to sell a 10% stake worth over Rs 2,700 crore reportedly via a block deal.

  • Emcure Pharma falls as 45.5 lakh shares (2.4% stake) worth approximately Rs 574 crore reportedly change hands in a block deal at an average price of Rs 1,262 per share. Bain Capital-backed BC Investments IV is likely the seller in the transaction.

  • Reliance Industries is reportedly preparing to transfer all its consumer goods brands to a new wholly owned subsidiary as part of its strategy for a potential IPO of its retail business. Reliance Retail has approached the National Company Law Tribunal (NCLT) with an internal restructuring proposal to shift its entire FMCG business to Reliance Consumer Products (RCPL).

  • RBL Bank is rising as its deposits grow by 11% YoY to Rs 1.1 lakh crore, and advances increase 9% YoY to Rs 96,704 crore in Q1FY26. The bank's CASA deposits grow by 11% YoY during the quarter.

  • Yes Bank's Q1FY26 total deposits grow 4.1% YoY to Rs 2.8 lakh crore, and gross advances rise 13.9% YoY. Its CASA ratio jumps 190 bps to 32.7% during the quarter, indicating a reduction in the bank's cost of funds.

  • Angel One falls sharply as its average daily turnover (ADTO) drops 23.5% YoY to Rs 35 lakh crore in June. Its gross client acquisition drops 41.5% YoY to 5.5 lakh during the month. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Indian Energy Exchange rises as its electricity volume increases by 6.5% YoY to 10,852 million units (MU) in June. IEX Green Market achieves a volume growth of 30% YoY to 964 MU.

  • Nifty 50 was trading at 25,420.55 (15.3, 0.1%), BSE Sensex was trading at 83,306.81 (67.3, 0.1%) while the broader Nifty 500 was trading at 23,532.15 (10.3, 0.0%).

  • Market breadth is in the green. Of the 1,974 stocks traded today, 1,101 were on the uptick, and 811 were down.

Riding High:

Largecap and midcap gainers today include Bharat Petroleum Corporation Ltd. (346.20, 4.4%), Bosch Ltd. (35,930, 4.4%) and Mankind Pharma Ltd. (2,439.50, 3.3%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,456, -11.9%), Jindal Stainless Ltd. (679.90, -2.6%) and Schaeffler India Ltd. (3,930, -2.1%).

Volume Shockers

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

Top high volume gainers on BSE included Ventive Hospitality Ltd. (750.20, 9.3%), Chennai Petroleum Corporation Ltd. (771.15, 8.3%) and Mastek Ltd. (2,548.60, 5.2%).

Top high volume losers on BSE were Trent Ltd. (5,456, -11.9%), Nuvama Wealth Management Ltd. (7,261, -11.2%) and Sammaan Capital Ltd. (123.19, -9.2%).

Sapphire Foods India Ltd. (336.75, 5.1%) was trading at 221.9 times of weekly average. Emcure Pharmaceuticals Ltd. (1,252.30, -2.2%) and CreditAccess Grameen Ltd. (1,290.50, 4.0%) were trading with volumes 35.5 and 17.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Divi's Laboratories Ltd. (6,906.50, 0.4%), Fortis Healthcare Ltd. (807.05, 1.6%) and Glenmark Pharmaceuticals Ltd. (1,830.40, 2.6%).

12 stocks climbed above their 200 day SMA including Sapphire Foods India Ltd. (336.75, 5.1%) and Devyani International Ltd. (172.96, 3.5%). 10 stocks slipped below their 200 SMA including Trent Ltd. (5,456, -11.9%) and Aditya Birla Real Estate Ltd. (2,299, -2.8%).

 
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