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Stocks in News

* CAPRI GLOBAL CAPITAL: The company launched a QIP to raise Rs.2,000 crore at Rs.146.5 per share, offering a 19% discount to the last closing price. The issue includes a Rs.500 crore green shoe option, with proceeds aimed at business expansion, strengthening the capital base, and partial or full repayment of existing debt.

* TATA POWER: TP Solar, the company's solar arm, has surpassed 4 GW in solar module manufacturing at its Tamil Nadu plant, producing 4,049 MW of modules and 1,441 MW of cells as of May 31, 2025. For FY26, it aims to achieve 3.7 GW in solar cell output and 3.725 GW in module production.

* HCLTECH: The company opened its second delivery center in Thiruvananthapuram, Kerala, to support projects in AI, GenAI, Cloud, and emerging technologies for HCLTech’s clients across various industries.

* MAHINNDRA AND MAHINDRA: The company approved the allotment of 15.4 crore shares on a rights basis at Rs.194 per share, including a premium of ?192 per share.

* JINDAL SAW: The company unveiled a major capex plan in the Middle East, including a $105 million investment to set up a 3-lakh TPA seamless pipe plant in Abu Dhabi, fully owned by Jindal Saw. It also announced two JVs in Saudi Arabia: a $10 million JV with Buhur Investment for HSAW pipes and a $3 million JV with RAX United for ductile iron pipes, holding a 51% stake in both. Projects will be executed over 12–36 months.

* IRB INFRA DEVELOPER: The company reported 9% year-on-year revenue growth in May, reaching Rs.581 crore.

* ITD CEMENTATION: The company won a Rs.893 crore contract for constructing a berth and breakwater for developing Greenfield Captive Jetty (s) in Odisha.

* ASTRAZENECA PHARMA: Sanjeev Kumar Panchal resigned as MD with effect from June 30 and company appointed Praveen Rao Akkinepally as Managing Director with effect from July 1.

Economic News

* Agri production increased by 40% in 10 years: Union Minister Chouhan: Union Agriculture Minister Shivraj Singh Chouhan announced a 40% increase in India's agriculture production over the last decade, with a 5.4% growth rate in the fourth quarter of FY2024-25. He credited PM Modi's policies for this success, highlighting record production of key crops and full grain storehouses. The focus remains on food security, farmer income, nutrition, and soil health.

Global News

* UK consumer spending cools in May as rising bills and weak confidence weigh on households: British consumer spending lost steam in May after a strong April, as rising household bills and weakening confidence hit purchasing power. The British Retail Consortium reported retail sales growth slowed sharply to just 1% year-on-year—the lowest in six months—following a 7% jump in April, driven by early seasonal buying and warmer weather. Linda Ellett of KPMG noted that rising essential costs dampened spending appetite despite continued sunshine. Meanwhile, Barclays reported a similar slowdown, with overall consumer spending rising only 1% in May compared to 4.5% in April. Its consumer confidence index dropped three points to 67%, with nearly half of respondents planning to reduce discretionary spending amid concerns over persistent inflation and interest rates.

Key Highlights:

NIFTY SPOT: 25103.2 (0.4%)

TRADING ZONE:

Resistance :25130 (Multiple Touches) and 25250 (Key Resistance 

Support:24850 (Multiple Touches) & 24700 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 59674.95 (1.13%), SMALLCAP 250: 18873.4 (1.57%)

VIEW: Bullish till above 24700 (Key Support).

BANKNIFTY SPOT: 56839.6 (0.46%)

TRADING ZONE:

Resistance: 57000 (Key Resistance) / 57550 (Key Resistance)

Support:56000 (Pivot Level) / 55500 (Key Support).

VIEW: Bullish till above 55500 (Key Support).

SEBI Registration number is INH000000081.

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