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Stocks in News

* LLOYDS METALS: In Q1 FY26, iron ore production remained stable at 4 million tonnes, while direct reduced iron output grew 3% to 79,033 tonnes.

* NMDC: In June, production rose to 3.57 million tonnes from 3.37 million tonnes, while sales declined to 3.58 million tonnes from 3.73 million tonnes.

* NAZARA TECHNOLOGIES: AFK Gaming became a wholly owned subsidiary of Nodwin and a step-down subsidiary of Nazara Technologies.

* HERO MOTOCORP: Launched the VX2 E-VOOTER electric scooter in VX2 Plus and VX2 Go variants, starting at Rs 59,490 (ex-showroom). In June 2025, the company dispatched 5.54 lakh motorcycles and scooters, with 3.94 lakh VAHAN registrations.

* PARAS DEFENCE: Secured a Rs 22 crore deal to supply up to 30 CHIMERA 200 counter-drone systems to France’s CERBAIR.

* NEOGEN CHEMICAL: Completed the subscription and allotment of 20 lakh equity shares in its wholly owned subsidiary, Neogen Chemicals Japan Corp.

* NUVOCO VISTAS: Received a show cause notice proposing to deny input tax credit of Rs 7.26 crore, along with interest of Rs 6.5 crore and penalty of Rs 1.82 crore for FY19, despite an ongoing appeal.

* SHREE RENUKA SUGARS: A subsidiary received a Rs 4.7 crore penalty from the Income Tax Department for alleged documentation issues related to AY 2012–13.

* MOIL: Effective July 1, 2025, the company increased prices of most manganese ore grades and all chemical grades by 2%.

* NIBE: Received a Rs 22.7 crore purchase order for turret structure assemblies, to be executed in tranches by June 28, 2026.

Economic News

* India's factory growth hits 14-month high on robust exports and record hiring: India’s manufacturing activity hit a 14-month high in June, with the HSBC Manufacturing PMI rising to 58.4 from 57.6 in May, driven by strong domestic and international demand, especially from the U.S. This surge boosted output, new orders, and led to record-high hiring since the survey’s inception in 2005. Export orders saw the third-fastest growth on record. Despite rising prices for iron and steel, overall input cost inflation eased, while selling prices rose at a slower pace. However, business confidence slightly dipped due to concerns over competition, inflation, and changing consumer preferences.

Global News

* U.S. Senate passes Trump’s tax-spending bill, slashing welfare and adding $3.3T to debt: The U.S. Senate narrowly passed President Trump’s sweeping tax and spending bill, aiming for final House approval by July 4. The legislation extends 2017 tax cuts, boosts military and immigration enforcement spending, and slashes nearly $930 billion from Medicaid and food aid, while adding $3.3 trillion to the national debt. Despite internal Republican divisions, it passed 51-50 with Vice President JD Vance breaking the tie. The bill faces stiff resistance in the House over its cost, Medicaid cuts, and lack of tax relief for high-tax states. Critics warn it could leave 12 million more uninsured and deepen inequality

Key Highlights:

NIFTY SPOT: 25541.8 (0.1%)

TRADING ZONE:

Resistance :25800 (Pivot Level) and 26000 (Key Resistance).

Support: 25500 (Pivot Level) and 25400 (Key Support).

BROADER MARKET: INLINE

MIDCAP 150: 59750.05 (0.01%), SMALLCAP 250: 19055.7 (-0.1%)

VIEW: Bullish till above 25400 (Key Support).

BANKNIFTY SPOT: 57459.45 (0.26%)

TRADING ZONE:

Resistance: 57800 (Pivot Level) / 58300 (Key Resistance)

Support: 57000 (Pivot Level) / 56700 (Key Support).

VIEW: Bullish till above 56700 (Key Support).

SEBI Registration number is INH000000081.

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