WEEKLY REPORT
Indian benchmark indices extended their winning streak to a fourth consecutive session, with the Nifty 50 climbing to a two-month high, supported by softer crude oil prices amid improving prospects for a US-Iran peace arrangement and easing geopolitical tensions in the Middle East. Sentiment was further boosted by the revival of the southwest monsoon, optimism over a potential India-US trade agreement, and renewed buying by foreign institutional investors (FIIs).
For the week, the BSE Sensex rose 663.44 points, or 0.86%, to end at 77,763.91, while the Nifty 50 added 214.85 points, or 0.89%, to close at 24,270.85.
Sectoral performance remained broadly positive during the week, with most indices ending in the green. The Nifty Realty index emerged as the top performer, surging nearly 8%, followed by the Nifty Pharma and Nifty Healthcare indices, which gained around 3% each. The Nifty Capital Market and Nifty Defence indices also advanced nearly 2% apiece. On the flip side, the Nifty PSU Bank index was the biggest laggard, declining 2.6%, while the Nifty Energy index slipped 1%. The Nifty Bank and Nifty Private Bank indices also ended lower, shedding around 0.5% each.
The Nifty Midcap 100 index added 0.6 percent and The Nifty Smallcap 100 surged 2 percent.
During the week, FIIs recorded net cash outflows of ₹4,003.84 Cr across most sessions before turning net buyers with ₹1,355.33 Cr on the last trading day, while DIIs remained strong net buyers with total inflows of ₹12,633.54 Cr (excluding the final day’s outflow). Supported by domestic buying and improved FII sentiment, the NIFTY rose from 23,865.75 to 24,270.85 (+405.10 points, 1.7%) and the SENSEX advanced from 76,478.67 to 77,763.91 (+1,285.24 points, 1.7%) over the week.
ECONOMY
🇮🇳 India
GST collections rose 13.9% to $20.68 billion in June, reflecting strong import revenues and compliance. India and the US concluded two days of high-level trade talks, racing to finalise an interim bilateral trade agreement before the July 24 tariff deadline, with both sides describing progress as “very close.” India’s Composite PMI eased to 57.4 in June from 59.3 in May but stayed firmly in expansion.
🌏 Asia
China’s official manufacturing PMI edged up to 50.3 in June, beating forecasts, led by high-tech equipment manufacturing at 53.5 on AI-driven demand, while domestic consumption and real estate lagged. South Korea’s Kospi hit a record high on June 22 but fell 11% before recovering sharply on Friday, ending the week down 3% — reflecting the semiconductor-driven volatility of the index.
🇪🇺 Europe
Eurozone inflation dropped to 2.8% in June from 3.2% in May — the lowest since February — as energy inflation eased to 8.7% from 10.8%, the first sign that the Iran ceasefire and falling crude prices are feeding through to consumer prices.
STOCKS IN NEWS
Axis Bank Ltd
Puneet Sharma has resigned as the Chief Financial Officer (CFO) of the bank, effective August 31, to pursue the next phase of his professional journey.
Yes Bank
The Board has approved raising up to Rs 7,500 crore through the issuance of equity securities and up to Rs 8,500 crore through the issuance of debt securities.
RailTel Corporation of India
The company has received a work order worth Rs 107.6 crore from Mahanadi Coalfields for the establishment of an MPLS VPN network on a rental basis for a period of 60 months.
Godrej Properties
The company has emerged as the highest bidder for a 4.95-acre residential land parcel in Noida, acquiring the land for Rs 331.75 crore.
The proposed residential group housing project is expected to generate estimated revenue of more than Rs 2,000 crore.
Hero MotoCorp
The company announced its second Global Parts Centre (GPC) in Tirupati, Andhra Pradesh, with an investment of more than Rs 750 crore. With this, its total investment in the state will exceed Rs 3,200 crore.