Financial Summary: Thursday, July 3, 2025

The S&P 500 and Nasdaq reached record highs following a US-Vietnam trade deal, despite disappointing hiring data.

Indogulf Cropsciences' IPO was oversubscribed over 27 times as it prepares to list today.

Sambhv Steel Tubes debuted strongly on the stock exchange, surging 34.1% on its first trading day.

The Indian Nifty index reached a new high, buoyed by optimism in domestic sectors despite foreign selling.

The BSE Sensex rose by over 360 points, driven by gains in power and FMCG stocks.

Japan's Nikkei index rose slightly amid trade deal uncertainties, with steelmakers like JFE Holdings seeing significant gains.

The Nifty Auto index in India advanced by 0.98%, reflecting positive market sentiment despite mixed performances among individual stocks.

Container Corporation of India shares are trading ex-bonus today, marking the last chance for investors to buy before the 1:4 bonus issue eligibility.

Indian equity benchmarks closed lower on Thursday, with the Sensex falling 170.22 points amid profit-taking in financial stocks.

Despite the overall market decline, several stocks, including MRF and UltraTech Cement, reached 52-week highs, reflecting selective investor optimism.

The Nifty IT and Bank indices fell by 0.06% and 0.36% respectively, contributing to the overall market downturn as investors reacted to volatility.

Analysts express cautious optimism about the Indian economy's resilience, citing government spending and low interest rates.

Tensions escalate as a fragile truce between eastern DR Congo and Rwanda faces significant challenges, jeopardizing regional stability.

The U.S. has lifted export restrictions on chip design software to China, signaling a potential improvement in trade relations.

Analyst Swaminathan Aiyar highlights Russia's strategic advantages in the ongoing Ukraine conflict amid U.S. aid suspensions.

UK markets react negatively following Finance Minister Rachel Reeves' emotional address, raising concerns about economic stability.

The U.S. and Vietnam are close to finalizing a significant trade deal as temporary tariff reductions near expiration.

The RBI has eliminated pre-payment charges on business loans for individuals and MSEs, enhancing financial flexibility.

Concerns regarding trust structures are complicating wealth transfer for affluent families in India, as noted by the RBI.

Despite recent interest rate cuts, bank lending growth in India remains sluggish, particularly in corporate and home loans.

The RBI has published a list of legal digital lending apps to improve transparency and combat illegal lending practices.

India's defence sector has reported a significant 34.82% return in 2025, supported by government initiatives like Make in India.

The Senate passed a significant spending bill that may restrict repayment options for student loan borrowers.

OpenAI has secured a $30 billion deal with Oracle to boost its data center capabilities for advanced AI development.

Baidu is upgrading its search engine with AI technology to better compete with rivals like Tencent and DeepSeek.

Datadog's stock surged 10% after being added to the S&P 500 index, replacing Hewlett Packard Enterprise.

Del Monte Foods filed for bankruptcy and secured $165 million in loans to facilitate asset sales amid declining consumer demand.

Stellantis appointed Tim Kuniskis as the new head of American brands and revived the SRT division.

Ripple is seeking a U.S. banking license to manage its stablecoin reserves directly on its balance sheet.

Reliance Industries is spinning off its FMCG brands into a new subsidiary, New Reliance Consumer Products Ltd, ahead of a planned IPO.

Tata Steel shares rose over 3% following a global surge in steel futures driven by positive manufacturing data from China.

Coromandel International shares gained 4% after receiving approval from the Competition Commission of India for its acquisition of NACL Industries.

Aurobindo Pharma's subsidiary received European Commission approval for its cancer drug Dazublys, marking a significant milestone.

Voltas shares are under scrutiny after a show cause notice regarding an alleged GST short payment of ₹265 crore.

Nykaa shares fell over 4% following a block deal where early investors planned to sell a 2.3% equity stake.

Nestle India is expanding its Maggi noodles production with a new line at its Sanand plant, significantly boosting capacity.

A dozen new-age startups, including Meesho and Groww, are set to raise over Rs 18,000 crore through IPOs in 2025, indicating growing confidence in public markets.

Asian Paints shares rose 8.3% in a week due to falling crude prices and improved margins, despite ongoing regulatory scrutiny.

Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI flagged a loan to Reliance Communications as fraud, implicating Anil Ambani.

Johnson Controls - Hitachi Air Conditioning India announces a record dividend of Rs 36 per share for FY 2025-26, with a record date set for July 9.

MobiKwik's broking arm receives approval from Sebi to operate as a stockbroker, enhancing its presence in the capital markets.

Avenue Supermarts reports disappointing Q1 FY26 sales growth of 16.2% YoY, leading to cautious outlooks from major brokerages.

Apple sees its iPhone sales in China grow for the first time in two years, despite fierce competition from Huawei.