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Stocks in News

* BALAJI AMINES:

The company received consent to operate for manufacturing Isopropylamine and will begin trial runs, with commercial production set to start soon.

* SMS PHARMA:

The U.S. FDA completed inspection of the Telangana facility from June 23–25 with zero Form 483 observations.

* DILIP BUILDCON:

The company has provisionally completed construction of the four-lane Bengaluru-Chennai Expressway in Andhra Pradesh.

* OM INFRA:

The company received a ?199 crore order from NHPC for the 2880 MW Dibang project in Arunachal Pradesh.

* WESTERN CARRIERS:

The company secured a 558 crore order from Jindal Stainless for dispatches of slabs, coils, and sheet plates to DSO containers.

* JWS ENERGY:

Subsidiaries filed a writ petition in the Andhra Pradesh High Court against APSPDCL for denying payment of dues worth ?507 crore.

* TEXMACO RAIL:

The company received a ?535 crore order from Camalco SA to manufacture and supply 560 open-top wagons.

* HG INFRA:

The company incorporated a subsidiary to set up standalone battery energy storage systems in Gujarat.

* TATA STEEL:

The company received a show cause notice for irregular availing of ?890 crore Input Tax Credit during FY19.

* BSE:

SEBI imposed a ?25 lakh penalty for regulatory violations, with no material impact on the company’s financials, operations, or activities.

* PANORAMA STUDIO:

The company’s arm signed an agreement with Arha Media and Broadcasting to grant exclusive airborne rights for four Telugu films.

* ASK AUTOMOTIVE:

The company entered into a 49:51 joint venture with TD Holding GmbH to manufacture, market, and sell sunroof controls and helix cables for passenger vehicles.

Economic News

* India’s economy holds its ground amid global crosswinds: The Indian economy continues to show resilience amid global economic, trade, and geopolitical challenges, according to the Reserve Bank of India’s June bulletin. The bulletin highlights that headline inflation stayed below target for the fourth straight month in May, supported by record domestic crop production in 2024–25, which has eased food price pressures.

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: 25244.75 (0.8%)

TRADING ZONE:

Resistance :25350 (Pivot Level) and 25500 (Key Resistance) Support: 25100 (Multiple Touches) & 24950 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 58881.7 (0.44%), SMALLCAP 250: 18727.85 (1.49%)

VIEW:Bullish till above 24950 (Key Support).

BANKNIFTY SPOT: 56621.15 (0.28%)

TRADING ZONE:

Resistance: 56800 (Multiple Touches) / 57100 (Key Resistance) Support: 55800 (Pivot Level) / 55500 (Key Support).

VIEW: Bullish till above 55500 (Key Support).

SEBI Registration number is INH000000081.

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