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Stocks in News

* 360 ONE WAM: Bain Capital is selling a 3.7% stake (15 million shares) in 360 One WAM via a USD 202 million block deal at a floor price of Rs.1,160, reflecting a 5% discount to the last close, with a 120-day post-sale lock-up.

*AFCON INFRA: The company won a €677 million (Rs.6,800 crore) railway project in Croatia, involving reconstruction, new track construction, electrification, and signalling works.

* DR REDDY: USFDA concluded inspection at the New York facility and issued an Establishment Inspection Report with a Voluntary Action Indicated (VAI) classification.

* ZOTA HEALTHCARE: The company allotted 2.1 lakh shares at Rs.509 each upon warrant conversion, with Ramesh S Damani receiving 1 lakh shares and Akshat Greentech 1.1 lakh shares.

* QUALITY POWER: The company received a Rs.10 crore order to supply drytype shunt reactors for a hyperscale data centre project in Finland.

* TITAN CO: The company will acquire a 67% stake in Damas LLC at an enterprise value of AED 103.8 million.

* CEIGALL INDIA: The company emerged as the lowest bidder for the 400/220 kV Velgaon Substation (GIS) project, quoting an annual tariff of Rs.585 million, with a 24-month completion timeline and 35 years of O&M.

* ARISINFRA SOLUTION: The company received a Rs.340 crore order to supply construction materials for Transcon Group’s ongoing projects in Mumbai.

* BAJAJ FINANCE: Managing Director Anup Saha resigned due to personal reasons, and Rajeev Jain will take over as Vice Chairman and MD until March 2028 to ensure smooth succession and business continuity.

* JTEKT: The company approved a rights issue of 2.3 crore shares worth up to Rs.250 crore at an issue price of Rs.108.1 per share.

* SIMPLEX INFRASTRUCTURES: The company approved the conversion of 8.65 lakh convertible warrants into shares at an issue price of Rs.289 each.

Economic News

* Core sector growth slows to 1.7% in June; 5 of 8 industries contract: India’s eight core infrastructure sectors grew by just 1.7% in June 2025, slowing sharply from 5% a year ago, though slightly up from 1.2% in May. Five sectors — coal (-6.8%), crude oil (-1.2%), natural gas (-2.8%), fertiliser (-1.2%), and electricity (-2.8%) — saw negative growth. Only refinery products (+3.4%), steel (+9.3%), and cement (+9.2%) posted gains. For Q1 FY26 (April–June), core sector growth slowed to 1.3% from 6.2% in the same period last year.

Global News

* Euro zone firms stay upbeat on growth but face profit squeeze amid trade tensions: Euro zone firms remain optimistic about future growth despite facing profit pressures due to trade tensions, particularly among SMEs and exporters to the U.S., according to the ECB’s quarterly survey. While a net 8% of firms saw turnover rise in the past three months and 23% expect growth ahead, profit margins continue to decline. Around 30% of firms reported supply chain delays or shortages, prompting them to shift focus to domestic and EU markets and restructure supply chains. Near-term price growth expectations have been trimmed to 2.5% from 2.9%, though longterm inflation expectations remain stable.

NIFTY SPOT: 25090.7 (0.49%)

TRADING ZONE:

Resistance :25200 (Pivot Level) and 25300 (Key Resistance)

Support: 25000 (Pivot Level) and 24900 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 59468.35 (0.62%), SMALLCAP 250: 18958.3 (-0.01%)

VIEW: Bullish above 25200 (Pivot Level).

BANKNIFTY SPOT: 56952.75 (1.19%)

TRADING ZONE:

Resistance: 57200 (Pivot Level) / 57600 (Key Resistance)

Support: 56500 (Pivot Level) / 56000 (Key Support).

VIEW: Bullish above 57200 (Pivot Level).

SEBI Registration number is INH000000081.

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