Shares of Bharat Electronics Limited (BEL) will be in focus after the Navratna Defence PSU announced fresh orders worth Rs 528 crore since June 20, 2025. The orders span radars, communication systems, EVMs, jammers, and more. Additionally, BEL signed an MoU with VVDN Technologies to boost domestic manufacturing and technology development, strengthening Indias defence and electronics self-reliance.

Apollo Hospitals Enterprise shares will be in focus after the company announced a major corporate overhaul. It plans to demerge its Identified Business Undertaking into Apollo Healthtech, followed by the merger of Apollo Healthco and Keimed into the same entity. The move aims to consolidate operations and pave the way for the direct listing of its Omni-Channel Pharmacy and Digital Health business.

Federal Bank shares will be in the spotlight after the banks board approved plans to raise up to Rs 6,000 crore via a mix of equity and debt instruments, pending shareholder and regulatory nods. Equity fundraising options include rights issues, QIP, GDRs, ADRs, FCCBs, and more, as the bank looks to bolster capital for growth and regulatory requirements.

LIC Mutual Fund's Dikshit Mittal anticipates continued growth in private capital expenditure, particularly in manufacturing, power, and data centers. A rebound in discretionary consumption is expected next year, fueled by government initiatives and favorable economic factors. Domestic pharma and manufacturing sectors present promising investment opportunities, with a balanced approach favoring growth-oriented small and mid-cap stocks.

CG Power and Industrial Solutions will raise approximately Rs 3,000 crore through a Qualified Institutional Placement. The QIP price is expected to be around Rs 660 per share. This follows a Rs 641 crore order from Power Grid Corporation of India. The company's largest single order will be fulfilled over 18 to 36 months.

India's Electronic Manufacturing Services (EMS) sector is set for substantial growth, driven by increasing consumption and government support. Narendra Solanki highlights companies like Kaynes, Dixon Technologies, and CG Power as direct plays, with PG Electroplast and Epack Durable as ancillary options. While margins are currently low, a shift towards high-margin products is expected in the coming years, justifying current valuations.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Abram Food is ready to list on the Bombay Stock Exchange SME platform. The initial public offering concluded last week. The IPO was for fourteen crore rupees. However, a flat listing is expected. There is currently zero grey market premium. The IPO saw a decent response. The company makes food products under the Kherliwala brand.

Indogulf Cropsciences will finalize its Rs 200-crore IPO allotment. Shares are expected to list on NSE and BSE on Thursday. The IPO was subscribed 27.17 times, showing strong investor interest. Retail investors, QIBs, and NIIs oversubscribed their portions. The company will use the funds for working capital, debt reduction, and a new plant. Allotment status can be checked online.

AJC Jewel Manufacturers from Kerala will launch on the BSE SME platform today. The company successfully completed its IPO of Rs 15.39 crore. The IPO price was Rs 95 per share. The company intends to use the funds for capital expenditure and debt repayment. For FY24, the company reported revenue of Rs 246.84 crore. The company manufactures gold jewelry.

Shri Hare-Krishna Sponge Iron is set to list on the NSE SME platform on Tuesday after a fully subscribed Rs 29.91 crore IPO, though grey market premium is currently at Rs 0. The IPO proceeds will primarily fund a captive power plant at its Raipur manufacturing unit. The company reported Rs 83.60 crore in revenue and Rs 9.

Icon Facilitators is set to launch on the BSE SME platform today. This follows the closure of its Rs 19.11 crore IPO last week. The IPO saw a subscription of 2.49 times. The company provides integrated facilities management services. It operates across 127 sites, mainly in North India. The IPO proceeds will fund working capital needs.

Ellenbarrie Industrial Gases is set to debut on the BSE and NSE with a promising premium, fueled by strong IPO subscription and grey market sentiment. The IPO, oversubscribed 22.19 times, saw significant interest from QIBs and NIIs. EIGL intends to utilize the IPO proceeds for debt reduction and expansion, supported by robust financial growth and a diverse clientele.

Globe Civil Projects will list on the BSE and NSE on Tuesday. The IPO of Rs 119 crore was heavily subscribed. The IPO comprised a fresh issue of 1.68 crore shares. The company plans to use the funds for working capital and equipment. As of August 2024, it had 14 active projects.

This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Kalpataru, a Mumbai-based real estate developer, is launching on the Bombay Stock Exchange and National Stock Exchange. This follows its Initial Public Offering of Rs 1,590 crore. The IPO saw moderate subscription. Proceeds will be used to repay borrowings. Despite past financial losses, recent data hints at a turnaround. Analysts suggest cautious optimism for long-term investors.

Raymond Realty Limited is debuting on the stock market today after separating from Raymond. This move allows investors direct access to its real estate business. Brokerages predict positive listing prospects for Raymond Realty. The company focuses on a large land parcel in Thane and has joint development agreements in Mumbai.

The US dollar weakened against the euro. Donald Trump's spending bill and trade uncertainty worried investors. Investors anticipated Federal Reserve policy easing. The euro reached a near four-year high. The yen also gained. Concerns arose over Trump's tax-cut bill and the national debt. Trump pressured the Fed to lower interest rates.

Oil prices experienced a slight dip on Tuesday, influenced by expectations of increased OPEC+ output in August and anxieties surrounding a potential economic slowdown due to higher U.S. tariffs. The anticipated OPEC+ production hike of 411,000 barrels per day and U.S. tariff uncertainties are weighing on the market.

Gold prices saw an increase due to a weaker dollar. Investors are watching for labour market data. This will help to understand the Federal Reserve's rate-cut plans. Donald Trump wants lower rates. Trade talks between the U.S. and Japan are tense. The U.S. will restart trade talks with Canada. Data from manufacturing and unemployment are awaited.

The S&P 500 and Nasdaq achieved record closing highs. This capped their best quarter in over a year. Trade deal hopes and possible rate cuts eased investor uncertainty. The Dow also climbed. Canada scrapped its digital services tax. US may still impose higher tariffs. Senate Republicans will try to pass Trump's tax-cut bill. Economic data releases are expected this week.

Asian markets showed caution due to worries about President Trump's tariffs. Nikkei-225 in Japan experienced a dip. Trump threatened new tariffs on Japan, citing trade issues. The European Union is open to a tariff accord with exemptions. The US jobs report is expected soon. The Federal Reserve may consider rate cuts if the labor market weakens.

Tenneco Clean Air India, a subsidiary of Tenneco Group, has filed for an IPO of Rs 3,000 crore, consisting entirely of an offer for sale by its promoter. The company, a major supplier of clean air systems to Indian commercial truck makers and off-highway vehicle OEMs, operates 12 manufacturing facilities and serves a wide range of customers.

Reserve Bank of India (RBI) decreased its forwards book for the third consecutive month. This reduction impacted liquidity. To counter this, RBI conducted large open market operations (OMOs) in May. The net short dollar position in the forward book was $45 billion at the end of May. RBI had executed OMOs worth 1.25 lakh crore during May to manage liquidity.

The Nifty PSU Bank Index surged following the finance ministry's call for increased lending and subsidiary monetization through IPOs and stake sales, outperforming the broader banking sector. While gains may be limited due to bond yields and margin compression, analysts suggest PSU banks could outperform private peers in the near term, citing reasonable valuations and better CASA ratios.

Credit flow to microfinance institutions has also been adversely impacted. Bank credit to the sector fell by 13.8% in FY25, reducing its overall share to 48.3%. The decline reflects growing stress in the segment, with lenders becoming increasingly cautious amid rising portfolio risks.

Indian benchmark indices closed lower on Monday, ending a four-day winning streak due to profit booking. Investors will be watching US Federal Reserve Chair's comments. The index may consolidate in the near term. India VIX rose. Foreign investors net sold shares, while domestic institutional investors were net buyers.

Markets experienced a slight dip after a recent surge, with several companies making headlines. Apollo Hospitals is set for a restructuring, while Kalpataru Projects secured new orders. Federal Bank approved fundraising plans, and Hindustan Copper signed an MoU with Coal India for mineral exploration. Additionally, HCLTech announced a collaboration with OpenAI to boost AI adoption.

Indian equity investors favored large-cap companies amidst market volatility in the first half of the year. Mid- and small-cap indices underperformed compared to the previous year. The Nifty Defence index rebounded due to rising Indo-Pak tensions, while the Nifty IT index was the top loser.

Historically, July has been a positive month for Indian equities, with Nifty 50 and Nifty 500 gaining in nine of the last ten years. Analysts anticipate a similar trend this July, potentially driven by easing geopolitical tensions, a normal monsoon, and strong global seasonality. Positive factors like domestic institutional buying and better earnings expectations could further fuel market momentum.

Indian equity markets retreated from near record highs on Monday, ending a four-day winning streak. Profit-booking and sector-specific weakness overshadowed positive global cues and foreign fund inflows. The Sensex fell 0.54% and the Nifty 0.47%, although broader markets outperformed. Investors are now eyeing trade negotiations with the US for near-term direction.

In the first half of 2025, domestic institutional investors aggressively bought Indian equities, exceeding 3.5 lakh crore, while foreign portfolio investors remained net sellers at 1.2 lakh crore. A turnaround occurred in March due to easing interest rates and government tax incentives. Analysts anticipate continued foreign inflows and domestic investment, projecting a positive outlook for FY26.

The Indian rupee depreciated to 85.75 against the dollar on Monday, influenced by robust dollar demand from both foreign and domestic banks. Despite a weakening dollar index and gains in other Asian currencies, the rupee's decline was tempered by likely RBI intervention through state-run banks. The rupee traded within a narrow band, impacted by oil companies and importer demand.

A PwC report suggests reforms for the Goods and Services Tax. These changes aim to align with global trade and attract investments. The report highlights key milestones and proposes improvements for a robust and transparent system. Recommendations include rate rationalization and broadening input tax credit eligibility. Gross GST collections doubled in five years, reaching 22.

The Reserve Bank of India's (RBI) stress test shows that banking asset quality could worsen to 5.6% in case a sharp slowdown in key global economies spills over through trade and financial channels. The tests show that the aggregate capital adequacy ratio of 46 major banks may dip to 14.2% in case of heightened geopolitical risks from 17.2% in March 2025, but none of the banks will fall short of the 9% regulatory minimum requirement under adverse scenarios.

India and the US are in crucial trade talks. New Delhi is firm on its stance regarding market access in agriculture. This includes GM crops and dairy. India hopes for a deal before July 9. After July 9, reciprocal tariffs from the US will take effect. India will not compromise the interests of its farmers.

India's fiscal deficit hit a historic low of 0.8% of the annual target in the first two months, driven by a record RBI dividend leading to a May surplus. Tax collection saw a 10% increase, while non-tax revenue surged by 41.8%. Capital expenditure jumped 54%, and experts believe the Centre's deficit target of 4.

India's industrial output growth decelerated to 1.2% in May, a nine-month low, primarily due to contractions in the mining and electricity sectors. While manufacturing showed a modest 2.6% increase, early monsoon and slow urban consumption dampened overall performance. Capital goods remained a bright spot, achieving a 19-month high, but consumer goods production declined, signaling weak household consumption.

The White House indicated a potential trade deal with India is imminent as President Trump assesses tariff strategies. Negotiations face a critical July 9 deadline to avert a 26% tariff on Indian goods. India is holding firm on agricultural concessions, while both nations aim for a broader trade agreement by 2025, targeting $500 billion in bilateral trade by 2030.

GTRI cautions India against lowering import duties on US farm goods in the proposed trade agreement, emphasizing potential threats to food security. Cheap, subsidized US grains could flood Indian markets, harming local farmers and destabilizing rural livelihoods. Maintaining tariff flexibility is crucial to protect over 700 million people dependent on agriculture and manage global price volatility.

Finance Minister Nirmala Sitharaman emphasized the critical role of private capital in achieving sustainable development at the International Business Forum in Spain. She highlighted the need to overcome investment barriers in low- and middle-income countries and advocated for reforms in international credit rating methodologies to better reflect the strengths of emerging economies.

India has prolonged quantitative restrictions on low ash metallurgical coke imports from several countries, including Australia and China, until December 31, 2025, allowing 14,27,166 tons for July-December. Simultaneously, the Directorate General of Foreign Trade extended the minimum import price of Rs 20,108 per ton on soda ash until the end of the year, initially imposed last December.

Rural India is experiencing an economic transformation, with a surge in the services sector driving growth. A recent report highlights that 112 rural districts, encompassing 291 million people, have exceeded a $2,000 per capita income. This milestone indicates rising prosperity and significant consumer potential, positioning rural areas as key contributors to India's consumption engine.

The Finance Ministry has instructed private banks to actively participate in government initiatives. Focus is on swift claim settlements under Jan Suraksha schemes. Banks are urged to improve banking infrastructure in rural and northeastern areas. A three-month financial inclusion campaign is set until September 2025. This drive aims to saturate all gram panchayats.

The latest Financial Stability Report reveals a mixed bag for Indian household debt, with consumption-driven loans outpacing asset-building loans. While most loans are held by prime borrowers, stress is building in the sub-prime category. Monetary easing is expected to alleviate debt servicing burdens, but the accumulation of debt among lower-rated borrowers warrants close monitoring to ensure financial stability.

The Indian government has prolonged import restrictions on low-ash metallurgical coke for an additional six months, as announced by the Directorate General of Foreign Trade (DGFT). This extension, effective from July 1, 2025, will continue until December 31, 2025. Low-ash metallurgical coke is a crucial raw material in steel manufacturing and various industrial applications.

Apollo Hospitals' board has approved a major restructuring involving the demerger and consolidation of its pharmacy and digital health units under Apollo Healthtech, which will be listed separately. The move aims to unlock value and enable shareholders to directly own a stake in the restructured Omni-Channel Pharmacy and Digital Health platform.