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Stocks in News

* JYOTI CNC AUTOMATION: A block deal worth Rs.1,542 crore is expected on June 30, involving non-promoters selling 1.37 crore shares (6.02% stake) at Rs.1,125.6 per share.

* ACUTAAS CHEMICALS: Baba Advanced Materials entered a JV with South Korea’s J & Materials to form Indichem, where BAML will hold a 75% stake and J & Materials the remaining 25%.

* WAAREE ENERGIES: The company secured a 540 MW solar module order from a leading U.S.-based developer and operator of utility-scale solar and energy storage projects.

* INTERATECH: The company received a Rs.77 crore construction order from Amara Raja Infra.

* BHEL: The company bagged a 6,500 crore order from Adani Power for six 800 MW thermal power units.

* DEVYANI INTERNATIONL: Sky Gate will acquire the remaining stake in Blackvelvet and Say Chefs for Rs.18.91 crore in a related-party transaction.

* RAINBOW CHILDREN’S MEDICARE: The company is set to acquire 76% equity and 100% preference shares in Prashanthi Medicare, which operates a 100-bed hospital.

* GAIL: The company subscribed to 106.7 crore shares in JV firm Talcher Fertilizer via rights issue, with the acquisition expected to complete by July 9.

* RVNL: The company emerged as the lowest bidder for a Rs.213 crore project from South Central Railways.

* ITD CEMENTATION: The company secured an international marine contract worth around ?580 crore in Abu Dhabi.

Economic News

* India’s private sector output hits 14-month high in June on strong demand and robust job growth: India’s private sector output in June grew at its fastest pace in 14 months, driven by strong domestic and international demand. HSBC’s flash India Composite PMI rose to 61 from 59.3 in May, marking the 47th straight month of expansion. Manufacturing led the growth, with PMI hitting 58.4—the best since April 2024—while services also picked up. Rising new orders, tech investments, and efficiency gains fueled output. Strong global demand and rising backlogs spurred hiring, especially in manufacturing where employment hit a series peak. Input and output prices rose but showed signs of easing. Capacity pressures intensified, with backlogs rising for the 42nd consecutive month.

Global News

* U.S. Q1 GDP Shrinks Amid Tariff Fears and Falling Government Spending: The U.S. economy contracted by 0.5% in Q1 2025, revised down from an earlier 0.2% estimate, as businesses accelerated imports ahead of potential Trump-era tariffs, widening the trade deficit. This decline follows a 2.4% growth in Q4 2024. Federal spending also dropped sharply by 4.6%, the steepest fall since 1986. Rising imports weighed on GDP, as they are subtracted to reflect only domestic production.

Key Highlights:

NIFTY SPOT: 25637.8 (0.35%)

TRADING ZONE:

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

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

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 59385.15 (0.27%), SMALLCAP 250: 18976.8 (0.91%)

VIEW: Bullish till above 25400 (Key Support).

BANKNIFTY SPOT: 57443.9 (0.41%)

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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