Automakers experience varied sales trends in June, with Maruti Suzuki and Hyundai seeing a decline while Mahindra & Tata differ

In August 2024, Hero Motors filed preliminary papers with SEBI to raise ₹900 crore through an initial share sale; later in October, the company withdrew its draft documents

He will also head the Department of Regulation from July 1, 2025

Indian benchmark indices eked out modest gains on Tuesday in a range-bound session. The Nifty closed 0.1% higher, holding firm above its 21-EMA on the hourly chart.

Indian benchmark indices eked out modest gains on Tuesday in a range-bound session. The Nifty closed 0.1% higher, holding firm above its 21-EMA on the hourly chart.

Norges Bank, representing the Norwegian Government Pension Fund Global, offloaded shares at Rs 1,005.94 apiece. Raymond Realty stock closed at Rs 999, down nearly 4% or Rs 40 from the IPO discovery price of Rs 1,039.30.

Aluminium prices rose on Tuesday, buoyed by a weaker U.S. dollar and global supply concerns. MCX July futures touched Rs 249.95/kg, tracking gains on the LME and SHFE. Analysts see strong momentum continuing, with key resistance at Rs 255. Traders may consider long positions amid firm fundamentals and tariff-related global uncertainty.

TAFE has agreed to buy back AGCO’s shares in TAFE which amounts to 20.7% of TAFE’s equity for a consideration of $260 million thereby making TAFE a wholly owned subsidiary of the Chennai based Amalgamations Group.

Nirmala Sitharaman advocates for reforms in international financial architecture to ensure MDB funds are used for development purposes

Tesla shares slumped after U.S. President Donald Trump threatened to deport Elon Musk in response to the billionaire’s sharp criticism of his proposed “big beautiful bill.”

The Madras High Court upheld SBI’s decision to cancel a job offer due to poor credit history, reinforcing the importance of maintaining a clean credit score for careers in banking and finance.

Loan settlement can provide short-term relief for borrowers facing financial difficulties but negatively impacts credit scores. Settled loans are marked as negative events, potentially hindering future borrowing for up to seven years. 

Institutional holdings rose sharply in five NSE large-cap stocks—Indus Towers, Cipla, Dr. Reddy’s, Torrent Pharma, and HDFC Bank—in Q4 FY25, signaling growing investor confidence and improved governance outlook.

“It is a positive sign that the data shows strong pockets of growth in GST collections in regions such as Nagaland, Sikkim, Tripura, Lakshadweep, and Ladakh,” Saurabh Agarwal, Tax Partner EY said

Four BSE Healthcare stocks—Laurus Labs, Max Healthcare, Apollo Hospitals, and Divi’s Labs—hit fresh 52-week highs on Tuesday, signaling bullish momentum amid steady market gains.

IFCI may emerge as an unlikely beneficiary of the much-awaited NSE IPO, thanks to its 52.86% stake in SHCIL, which owns 4.4% of NSE. With the IPO expected in Q4FY26 and SHCIL’s stake valued at Rs 25,000 crore, investor interest in IFCI shares has surged nearly 47% in 3 months.

IFCI may emerge as an unlikely beneficiary of the much-awaited NSE IPO, thanks to its 52.86% stake in SHCIL, which owns 4.4% of NSE. With the IPO expected in Q4FY26 and SHCIL’s stake valued at Rs 25,000 crore, investor interest in IFCI shares has surged nearly 47% in 3 months.

Hyundai Motor India posted 13% YoY export growth in Q1 FY26, with exports contributing 26.7% of total sales. Domestic sales hit 1.32 lakh units while exports stood at 48,140. June sales totaled 60,924 units. The company remains optimistic amid geopolitical uncertainty, CRR cuts, and upcoming Talegaon plant production.

The HDB Financial Services IPO opened on June 25 and closed on June 27, with allotment confirmed on June 30.

Sensex and Nifty closed marginally higher on Tuesday, led by gains in RIL and HDFC Bank. Key movers included Gabriel India, Piccadily Agro, Raymond, Apollo Hospitals, Coromandel, and Caplin Point.

NSE is nearing regulatory clearance from Sebi to file its DRHP by July-end, aiming for a Q4 FY26 IPO. A proposed Rs 1,000 crore settlement may resolve legacy issues. Strong financials, easing hurdles, and investor interest make this a potentially historic listing for India’s largest stock exchange.

​Indian market bounced back on Tuesday after closing in the red in the previous trading session. The BSE Sensex rose nearly 100 points while the Nifty50 closed above 25500 levels.​

Stock markets closed higher with gains in Reliance Industries and HDFC Bank, while global oil prices dipped

Aside from meeting financial needs, a personal loan helps the borrower create a healthy credit mix, which is a blend of different credit accounts on credit report.

Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this year.

Indian firms could raise some $2.4 billion through IPOs in July, investment bankers said, raising hopes of a sustained revival in primary offerings after demand was dented by the U.S. trade war and global geopolitical tensions earlier this year.

Radhakishan Damani’s marquee portfolio stocks, Trent and VST Industries, fell 36% and 55% respectively from their peak and struggled in H1CY25. They have recently cleared crucial resistance levels and are now poised for an upward rally.

As SBI celebrates its 70th anniversary on July 1, 2025, it marks seven decades since its establishment on July 1, 1955. Over the years, SBI has transformed from a government-controlled bank into India’s largest and most trusted financial institution, playing a critical role in shaping the country’s economic landscape.

Groww’s shift to demat mode for mutual fund investments has sparked user confusion—but it may not be a bad deal. Here’s what investors need to know.

The Indian rupee experienced a boost on Tuesday, mirroring gains in most Asian currencies, as the U.S. dollar remained weak due to concerns over fiscal policy and trade uncertainties. The rupee closed at 85.52 against the dollar, despite facing resistance around the 85.50 level. Analysts anticipate a range-bound movement for the rupee in the near term, influenced by U.S.

Indian indices closed marginally higher, mirroring Asian market optimism, as investors await developments in trade negotiations with the U.S. before the July 9 tariff deadline. Gains in Reliance Industries, driven by an upgraded target price, offset broader sectoral losses. Apollo Hospitals surged on plans to list its digital health business, while Sigachi Industries continued to fall after a deadly fire.

The government on Tuesday approved an Employment Linked Incentive scheme with an outlay of Rs 1.07 lakh crore to support job generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector.

Short-term or long-term personal loan: Choosing the right tenure for a personal loan is essential for long-term financial security. It impacts your monthly EMI, total interest, and credit status. Consider your risk tolerance, income, and future plans to find a suitable repayment period.

Piccadily Agro shares are set for an NSE listing on July 2. Known for Indri whisky and Camikara rum, the alco-bev player aims to boost investor accessibility. CFO Natwar Aggarwal called it a milestone, as the firm targets aggressive growth and improved profitability.

Secured credit cards are issued against the fixed deposit (FD) opened with the issuing bank. For instance, IDFC First Wow, Sbi Card Unnati and BOB Prime Credit Card

You need to ensure that you cover all the assets in detail.

One97 Communications, the operator of Paytm, reported a consolidated net loss of Rs 540 crore in Q4FY25, slightly improving from Rs 550 crore a year earlier. Revenue fell 16% year-on-year to Rs 1,912 crore. Paytm shares rose 1% to Rs 933.9 on Tuesday, with the stock up 125% over 12 months, though down 6% year-to-date.

India is expected to remain the fastest-growing economy among all the countries covered by global investment firm Morgan Stanley, according to the latest report from its Global Investment Committee (GIC).

Shares of Kalpataru Ltd surged over 9% on Tuesday, defying a flat listing to trade higher on market debut. The stock opened at Rs 414 on both BSE and NSE, matching its issue price, but gathered momentum through the session, climbing as much as 9.4% to Rs 453 on the BSE and Rs 452.80 on the NSE.

HDB Financial Services’ Rs 12,500 crore IPO revealed a stark divide between institutions and retail investors. Institutional investors subscribed 55 times, betting on HDB’s long-term prospects and regulatory tailwinds, while retail participation lagged due to valuation concerns and IPO fatigue. Analysts believe strong fundamentals and a potential 10–15% listing gain could eventually revive broader interest.

Since personal loans – being unsecured – charge a relatively higher rate of interest from borrowers, it is vital to compare the rates charged by different lenders before borrowing

Adani Enterprises plans to raise up to Rs 1,000 crore through a retail bond issue opening next week, offering annual coupons between 8.95% and 9.30%. This marks their second retail bond sale within a year, following a similar issue in September 2024. The company faces ongoing investigations by SEBI and allegations of wrongdoing, which they deny.

Ellenbarrie Industrial shares: The Kolkata-based firm, engaged in the production and supply of industrial, medical, and specialty gases, made its market debut at Rs 492 on the BSE—23% above its IPO issue price of Rs 400. On the NSE, the stock opened at Rs 486, marking a 21.5% premium. Both listings exceeded the grey market premium estimate of Rs 457.

This article compares overdrafts and personal loans and outlines key differences, interest rates, use cases, and repayment structures to help borrowers choose the right credit option for their financial needs.

The cryptocurrency market saw a dip, with Bitcoin near $107,000. Investors are watching the U.S. tariff deadline. Ethereum also experienced a fall. Some altcoins gained, while others dropped. Experts suggest potential bullish pressure despite caution. ETF inflows and rate cut expectations drive long-term optimism. All eyes are on Federal Reserve Chair Jerome Powell’s speech.

Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said.

Shadowfax Technologies, a leading Indian logistics service provider, has confidentially filed a draft red herring prospectus with SEBI for an IPO. The IPO is expected to raise between Rs 2,000 – Rs 2,500 crore through a fresh issue and offer for sale, valuing the company around Rs 8,500 crore.

Skyways Air Services, a major logistics and air freight player, has filed draft papers with SEBI for an IPO comprising a fresh issue of 32.9 million shares and an OFS of 13.3 million shares. Proceeds will be used to repay debt and fund capex. Details on pricing and timeline remain undisclosed.

Market expert Neeraj Dewan suggests Apollo Hospitals could offer decent returns due to potential valuation improvements and the upcoming listing of its digital and pharmacy business. He is also positive on power financing companies like IREDA, expecting them to benefit from recent RBI measures. Dewan advises a wait-and-see approach for IT majors, while anticipating muted earnings for the current quarter.

Indian equity benchmark indices were flat on Tuesday, as heavyweight financials eased after a four-month rally, while investors awaited progress in trade talks with the United States.

The Financial Services Institutions Bureau is headed by Bhanu Pratap Sharma, former secretary of Department of Personnel and Training.

Personal loans can be essential during medical emergencies, providing quick access to funds without collateral. Anand K Rathi, co-founder of MIRA Money, emphasises the importance of careful planning and repayment, and says these loans can bridge the gap between urgent care and financial stability.

Despite slower growth, personal loans continue to support diverse financial goals, offering flexible features, improved transparency, and easier access amid falling repo rates and tighter lending norms.

Global stock markets show resilience despite worries. Most markets, except Europe, are up slightly. US tech and Indian stocks rise sharply. Trade talks between US, UK, and China boost confidence. India outperforms due to reforms and central bank actions. Government spending and liquidity support market. Investors should watch consumption and valuations carefully. Focus on sectors like financials and infrastructure.

With the rise of self-employment in India, the gig economy is booming. Although freelancers face challenges in obtaining credit cards, tailored options are available. This guide outlines the necessary criteria and various credit card choices for self-employed individuals.

Robert Kiyosaki invested again in Bitcoin. He anticipates its value will increase significantly. Kiyosaki believes Bitcoin could reach one million dollars. He acknowledges the investment risk. Kiyosaki emphasizes accumulating assets over focusing on short-term price changes. He advises investors to prioritize quantity owned. Kiyosaki sees Bitcoin as a hedge against financial instability.

Waaree Energies shares: The deal, finalized on June 27, will be carried out via a one-time international supply agreement. According to a stock exchange filing on Friday, Waaree Solar Americas will supply 270 MW of modules in 2025, with the remaining 270 MW slated for delivery between 2027 and 2028.

HDB Financial Services, the NBFC arm of HDFC Bank, is set to debut on the stock exchanges on July 2, with grey market signals suggesting a 9% premium over its issue price. Its Rs 12,500 crore IPO, including a Rs 10,000 crore offer-for-sale, saw strong demand, getting subscribed 16.69 times overall, driven by a 55.47 times QIB subscription.

The report also said that input price inflation fell to a four-month low, despite rising iron and steel costs, while selling prices rose

On Monday, Trump voiced frustration over U.S.-Japan trade talks, while U.S. Treasury Secretary Scott Bessent cautioned that countries might face significantly higher tariffs as the July 9 deadline nears, despite ongoing good-faith negotiations.

Avoiding common financial mistakes is crucial to maintaining a healthy credit score. This article outlines seven habits that can instantly hurt your creditworthiness and impact loan eligibility.

Nuvama has set the highest target price of Rs 1,801 for Reliance Industries (RIL), betting that solar module production could trigger a re-rating similar to the surge seen after Reliance Jio’s 2017 launch. RIL recently announced its first 1 GW HJT module facility, scalable to 10 GW by early CY26, with plans to sell modules in the domestic market.

Nuvama has set the highest target price of Rs 1,801 for Reliance Industries (RIL), betting that solar module production could trigger a re-rating similar to the surge seen after Reliance Jio’s 2017 launch. RIL recently announced its first 1 GW HJT module facility, scalable to 10 GW by early CY26, with plans to sell modules in the domestic market.

Santosh Rao of Manhattan Venture Partners anticipates two interest rate cuts by the Federal Reserve in the latter half of the year, influenced by a weakening job market and softening inflation. Despite record highs in the S&P 500 and Nasdaq, Rao expects market volatility and a potential flat to downward trend due to slowing earnings growth and unresolved tariff uncertainties.

The Nifty Bank index was trading 0.22 per cent down at 57187.55.

Gabriel India share price: On June 30, 2025, the Board of Directors of Gabriel India Limited (GIL) approved a composite scheme of arrangement involving the company and two of its group entities — Asia Investments Private Limited (AIPL) and Anchemco India Private Limited (formerly known as Andasia Private Limited).

Gabriel India share price: On June 30, 2025, the Board of Directors of Gabriel India Limited (GIL) approved a composite scheme of arrangement involving the company and two of its group entities — Asia Investments Private Limited (AIPL) and Anchemco India Private Limited (formerly known as Andasia Private Limited).

Market expert Nischal Maheshwari suggests investors should consider putting fresh money into the market, anticipating new highs potentially by Diwali. He highlights the potential of interest rate cuts and positive impacts of government initiatives and good monsoons on consumption. Maheshwari recommends focusing on BFSI, autos, and FMCG, particularly those catering to both urban and recovering rural consumption.

Last time he got what he needed instead

“And just like the U.S. or people in the U.S. may have views about India, people in India have views about the U.S. too. And we’ll have to find a kind of meeting ground. I believe it’s possible,” Mr. Jaishankar said

Forex traders said the US dollar index weakened in the overseas market as U.S. President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence.

Buying in blue-chip stocks -- Reliance Industries and HDFC Bank -- also added to the markets optimism during the initial trade.

ICICI Coral Credit Card offers exclusive rewards, dining discounts, and complimentary lounge access, making it a smart lifestyle choice for everyday expenses and frequent domestic travellers seeking valuable savings.

With the reduction in prices the cylinder will cost ₹1,665 in Delhi, ₹1,616 in Mumbai, ₹1,769 in Kolkata and ₹1,823.50 in Chennai.

With the reduction in prices the cylinder will cost ₹1,665 in Delhi, ₹1,616 in Mumbai, ₹1,769 in Kolkata and ₹1,823.50 in Chennai.

Ahead of its IPO, the National Stock Exchange of India sees significant ownership by state-run PSUs, collectively holding over 31% of its equity. Government-owned insurance firms, including LIC with a 10.72% stake, account for a substantial portion. These PSUs are set to benefit significantly from the IPO, with holdings valued at billions of rupees.

Raymond shares surged 7% as Raymond Realty Ltd (RRL) debuts on stock exchanges today, following a demerger granting Raymond shareholders one RRL share per Raymond share. RRL, now independent, offers direct real estate exposure. SBI Securities projects a listing price between Rs 897 and Rs 1,430, based on FY26 EV/EBITDA multiples.

Hero Motors, an Indian auto parts manufacturer, has filed for an initial public offering. The IPO aims to raise up to 12 billion rupees. This includes fresh shares and existing shareholder sales. The company plans to use the funds to reduce debt and expand its Uttar Pradesh facility. ICICI Securities, JM Financial, and DAM Capital are managing the offering.

Hero Motors has refiled its DRHP with SEBI for an IPO, increasing the issue size to Rs 1,200 crore. The IPO includes a fresh issue of shares worth Rs 800 crore and an offer for sale of Rs 400 crore by existing shareholders. The proceeds will be used to reduce debt and expand the Uttar Pradesh facility.

IREDA shares: Loans sanctioned during the quarter saw a 29% year-on-year increase, reaching Rs 11,740 crore, up from Rs 9,136 crore in the same period last year. Similarly, loan disbursements rose by 31% to Rs 6,981 crore, compared to Rs 5,326 crore in the corresponding quarter a year ago.

IREDA shares: Loans sanctioned during the quarter saw a 29% year-on-year increase, reaching Rs 11,740 crore, up from Rs 9,136 crore in the same period last year. Similarly, loan disbursements rose by 31% to Rs 6,981 crore, compared to Rs 5,326 crore in the corresponding quarter a year ago.

An uptrend signal occurs when the RSI value crosses above 50 from below. “RSI trending up” indicates that Relative Strength Index (RSI) values are rising, suggesting strengthening momentum in the stock’s price.

NCC shares: For the quarter ending March 31, 2025, NCC posted a 6% year-on-year increase in net profit, reaching Rs 253.8 crore compared to Rs 239.2 crore in the same period last year. However, revenue from operations fell by 5.5% year-on-year to Rs 6,120.9 crore, down from Rs 6,484.9 crore.

NCC shares: For the quarter ending March 31, 2025, NCC posted a 6% year-on-year increase in net profit, reaching Rs 253.8 crore compared to Rs 239.2 crore in the same period last year. However, revenue from operations fell by 5.5% year-on-year to Rs 6,120.9 crore, down from Rs 6,484.9 crore.

Kalpataru Projects shares: The company recently posted robust financial results for Q4FY25, with consolidated net profit increasing by 37.2% year-on-year to Rs 225.4 crore, up from Rs 164.3 crore in the corresponding quarter of the previous year.

Kalpataru Projects shares: The company recently posted robust financial results for Q4FY25, with consolidated net profit increasing by 37.2% year-on-year to Rs 225.4 crore, up from Rs 164.3 crore in the corresponding quarter of the previous year.

Atul Bhole from Kotak Mutual Fund suggests IT stocks present an overlooked opportunity due to US economic concerns and AI disruption. He highlights the resilience of the Indian economy and the improved stability and growth prospects of small and mid-cap companies. Bhole also advises a contrarian approach to sector rotation, focusing on undervalued sectors.

Nikunj Doshi of Bay Capital anticipates that crude oil prices and monsoon progress will significantly influence Indian equities in the second half of 2025. He highlights opportunities in consumption, digital-first businesses, and financial services. Doshi believes India is becoming a core portfolio allocation for global funds due to its strong growth and macro stability.

Indian market is expected to open higher, mirroring positive global trends. Nifty futures closed lower, while India VIX saw an increase. Options data suggests a trading range between 25,000 and 26,000. Experts recommend buying stocks like Apollo Hospitals, Divi’s Laboratories, and Eicher Motors for short-term gains.

Google said on Monday it has struck a deal to buy power from a project in Virginia fuelled by fusion, the reaction that powers the sun and the stars

Shares of Bharat Electronics Limited (BEL) will be in focus after the Navratna Defence PSU announced fresh orders worth Rs 528 crore since June 20, 2025. The orders span radars, communication systems, EVMs, jammers, and more. Additionally, BEL signed an MoU with VVDN Technologies to boost domestic manufacturing and technology development, strengthening India’s defence and electronics self-reliance.

Apollo Hospitals Enterprise shares will be in focus after the company announced a major corporate overhaul. It plans to demerge its Identified Business Undertaking into Apollo Healthtech, followed by the merger of Apollo Healthco and Keimed into the same entity. The move aims to consolidate operations and pave the way for the direct listing of its Omni-Channel Pharmacy and Digital Health business.

Apollo Hospitals Enterprise is undergoing a major corporate restructuring, sending its shares soaring. The overhaul involves merging subsidiaries into Apollo Healthtech, creating a leading Omni-Channel Pharmacy and Digital Health platform. Shareholders will receive 195.2 shares of the new entity for every 100 AHEL shares.

Federal Bank shares will be in the spotlight after the bank’s board approved plans to raise up to Rs 6,000 crore via a mix of equity and debt instruments, pending shareholder and regulatory nods. Equity fundraising options include rights issues, QIP, GDRs, ADRs, FCCBs, and more, as the bank looks to bolster capital for growth and regulatory requirements.

The banks were urged to actively engage and extend support for the three-month FI-saturation campaign across all gram panchayats

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Abram Food is ready to list on the Bombay Stock Exchange SME platform. The initial public offering concluded last week. The IPO was for fourteen crore rupees. However, a flat listing is expected. There is currently zero grey market premium. The IPO saw a decent response. The company makes food products under the Kherliwala brand.

Indogulf Cropsciences will finalize its Rs 200-crore IPO allotment. Shares are expected to list on NSE and BSE on Thursday. The IPO was subscribed 27.17 times, showing strong investor interest. Retail investors, QIBs, and NIIs oversubscribed their portions. The company will use the funds for working capital, debt reduction, and a new plant. Allotment status can be checked online.

AJC Jewel Manufacturers from Kerala will launch on the BSE SME platform today. The company successfully completed its IPO of Rs 15.39 crore. The IPO price was Rs 95 per share. The company intends to use the funds for capital expenditure and debt repayment. For FY24, the company reported revenue of Rs 246.84 crore. The company manufactures gold jewelry.

Shri Hare-Krishna Sponge Iron is set to list on the NSE SME platform on Tuesday after a fully subscribed Rs 29.91 crore IPO, though grey market premium is currently at Rs 0. The IPO proceeds will primarily fund a captive power plant at its Raipur manufacturing unit. The company reported Rs 83.60 crore in revenue and Rs 9.

Icon Facilitators is set to launch on the BSE SME platform today. This follows the closure of its Rs 19.11 crore IPO last week. The IPO saw a subscription of 2.49 times. The company provides integrated facilities management services. It operates across 127 sites, mainly in North India. The IPO proceeds will fund working capital needs.

Ellenbarrie Industrial Gases is set to debut on the BSE and NSE with a promising premium, fueled by strong IPO subscription and grey market sentiment. The IPO, oversubscribed 22.19 times, saw significant interest from QIBs and NIIs. EIGL intends to utilize the IPO proceeds for debt reduction and expansion, supported by robust financial growth and a diverse clientele.

Globe Civil Projects will list on the BSE and NSE on Tuesday. The IPO of Rs 119 crore was heavily subscribed. The IPO comprised a fresh issue of 1.68 crore shares. The company plans to use the funds for working capital and equipment. As of August 2024, it had 14 active projects.

Kalpataru, a Mumbai-based real estate developer, is launching on the Bombay Stock Exchange and National Stock Exchange. This follows its Initial Public Offering of Rs 1,590 crore. The IPO saw moderate subscription. Proceeds will be used to repay borrowings. Despite past financial losses, recent data hints at a turnaround. Analysts suggest cautious optimism for long-term investors.

Raymond Realty Limited is debuting on the stock market today after separating from Raymond. This move allows investors direct access to its real estate business. Brokerages predict positive listing prospects for Raymond Realty. The company focuses on a large land parcel in Thane and has joint development agreements in Mumbai.

Oil prices experienced a slight dip on Tuesday, influenced by expectations of increased OPEC+ output in August and anxieties surrounding a potential economic slowdown due to higher U.S. tariffs. The anticipated OPEC+ production hike of 411,000 barrels per day and U.S. tariff uncertainties are weighing on the market.

Tenneco Clean Air India, a subsidiary of Tenneco Group, has filed for an IPO of Rs 3,000 crore, consisting entirely of an offer for sale by its promoter. The company, a major supplier of clean air systems to Indian commercial truck makers and off-highway vehicle OEMs, operates 12 manufacturing facilities and serves a wide range of customers.

Reserve Bank of India (RBI) decreased its forwards book for the third consecutive month. This reduction impacted liquidity. To counter this, RBI conducted large open market operations (OMOs) in May. The net short dollar position in the forward book was $45 billion at the end of May. RBI had executed OMOs worth ₹1.25 lakh crore during May to manage liquidity.

Credit flow to microfinance institutions has also been adversely impacted. Bank credit to the sector fell by 13.8% in FY25, reducing its overall share to 48.3%. The decline reflects growing stress in the segment, with lenders becoming increasingly cautious amid rising portfolio risks.

Markets experienced a slight dip after a recent surge, with several companies making headlines. Apollo Hospitals is set for a restructuring, while Kalpataru Projects secured new orders. Federal Bank approved fundraising plans, and Hindustan Copper signed an MoU with Coal India for mineral exploration. Additionally, HCLTech announced a collaboration with OpenAI to boost AI adoption.

The Financial Stability Report indicates a rise in household debt in India, with a significant portion allocated to consumption rather than asset creation. Non-housing retail loans constitute a major share and are growing faster than housing or business loans.

Indian equity investors favored large-cap companies amidst market volatility in the first half of the year. Mid- and small-cap indices underperformed compared to the previous year. The Nifty Defence index rebounded due to rising Indo-Pak tensions, while the Nifty IT index was the top loser.

Historically, July has been a positive month for Indian equities, with Nifty 50 and Nifty 500 gaining in nine of the last ten years. Analysts anticipate a similar trend this July, potentially driven by easing geopolitical tensions, a normal monsoon, and strong global seasonality. Positive factors like domestic institutional buying and better earnings expectations could further fuel market momentum.

Indian equity markets retreated from near record highs on Monday, ending a four-day winning streak. Profit-booking and sector-specific weakness overshadowed positive global cues and foreign fund inflows. The Sensex fell 0.54% and the Nifty 0.47%, although broader markets outperformed. Investors are now eyeing trade negotiations with the US for near-term direction.

In the first half of 2025, domestic institutional investors aggressively bought Indian equities, exceeding ₹3.5 lakh crore, while foreign portfolio investors remained net sellers at ₹1.2 lakh crore. A turnaround occurred in March due to easing interest rates and government tax incentives. Analysts anticipate continued foreign inflows and domestic investment, projecting a positive outlook for FY26.

An inconvenient truth