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Stocks in News

* PTC INDUSTRIES:

The company's subsidiary, Aerolloy Tech, signed an MoU with Safran Aircraft Engines to collaborate on military aircraft engine projects.

* VODAFONE IDEA:

The telecom firm clarified it has not received any government communication regarding relief on its ?84,000 crore AGR dues, countering recent reports suggesting such relief is under consideration.

* TIMEX GROUP:

Promoter Timex Group Luxury Watches B.V. will sell up to 15% stake via offer for sale on June 25–26 at a floor price of ?175 per share, offering a 35% discount to the current market price.

* JB CHEMICALS:

The company received USFDA approval for its abbreviated new drug application for Amitriptyline Hydrochloride Tablets, used to treat symptoms of depression.

* BLS E-SERVICES:

The company's subsidiary signed a definitive agreement to acquire customer service points of SBI and HDFC Bank.

* SIGNATUREGLOBAL:

The company acquired the remaining 4.15 lakh shares of Indeed Fincap, making it a wholly owned subsidiary.

* PRICOL: 

The company announced the resignation of Kanakaraju Krishnasamy from the position of Chief Technology Officer.

* HIMADRI SPECIALITY:

The company approved the acquisition of a 16.2% stake in International Battery Company Inc for $4.43 million.

* ACME SOLAR:

The company's subsidiary received Marketing Authorisation from the UK’s Medicines and Healthcare Products Regulatory Agency for Dyrupeg, a Pegylated Filgrastim biosimilar.

* REITS:

The company received a letter of intent for a ?28.5 crore order from Gujarat Urban Development Company.

Economic News

* S&P ups India’s FY26 GDP forecast to 6.5%, flags global risks from Middle East tensions: On June 24, 2025, S&P Global Ratings raised India’s GDP growth forecast for FY26 to 6.5%, aligning with the RBI’s estimate, citing factors like a normal monsoon, lower crude oil prices, monetary easing, and income-tax concessions. While highlighting India’s resilience due to strong domestic demand and limited exposure to goods exports, S&P also cautioned about rising global risks stemming from the escalating Middle East crisis, particularly US military action against Iran. Although India remains heavily dependent on energy imports, S&P noted that the current well-supplied global energy markets reduce the likelihood of long-term oil price spikes.

Global News

Singapore inflation stays subdued, but growth risks loom amid global tensions: Singapore’s core inflation rose 0.6% YoY in May 2025, matching forecasts and marking the fifth straight month below 1%. DBS economist Chua Han Teng flagged upside risks from Middle East tensions that could disrupt oil supply and raise energy and travel costs. Despite subdued inflation, Singapore’s growth outlook has weakened due to U.S. tariffs. The central bank has eased monetary policy twice this year and lowered 2025 inflation forecasts to 0.5%-1.5%. Median GDP growth projection has been cut to 0%-2%, with rising concerns of a recession and job losses.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25044.35 (0.29%)

TRADING ZONE:

Resistance :25250 (Pivot Level) and 25350 (Key Resistance) Support: 24950 (Multiple Touches) & 24850 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 58622.4 (0.71%), SMALLCAP 250: 18452.75 (0.72%)

VIEW:Bullish till above 24850 (Key Support).

BANKNIFTY SPOT: 56461.9 (0.72%)

TRADING ZONE:

Resistance: 56800 (Multiple Touches) / 57049 (Life High) Support: 55800 (Pivot Level) / 55500 (Key Support).

VIEW: Bullish till above 55500 (Key Support).

SEBI Registration number is INH000000081.

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