Indian Sector Specific News:
A) BFSI:
1) IT and Banking Sectors See Slower Hiring as AI and Attrition Take Hold
- Getting jobs in IT and banking may become tougher as companies are hiring fewer people due to AI taking over basic tasks and many skilled workers constantly switching jobs.
- While the overall job market seems steady, most new jobs are low-paying or short-term, with real wages not improving much.
- Source: Moneycontrol
2) RBI Bans Pre-Payment Charges on Select Loans Starting January 2026
- From January 2026, banks and NBFCs can’t charge extra fees if individuals or small businesses (MSEs) want to repay floating rate loans early.
- This move will stop unfair practices where some lenders made it harder for borrowers to switch to better loan offers.
- Source: CNBC-TV18
3) SEBI Opens Six-Month Window for Missed Physical Share Transfers
- Investors who couldn’t transfer their physical share certificates earlier due to document issues now have another chance from July 7, 2025, to January 6, 2026.
- This is only for old transfer requests made before April 1, 2019, that were rejected or left incomplete, and all such shares will now be issued only in demat form.
- Source: Moneycontrol
4) SEBI Plans Crackdown on Unregistered Finfluencers with Help from Google, Telegram
- SEBI is working with social media giants like Google and Telegram to stop unregistered people from giving stock market advice online.
- The regulator may restrict business between SEBI-registered firms and platforms that don’t support its efforts to protect investors.
- Source: Moneycontrol
B) Automobile:
1) Auto Industry Seeks Exemption for Light Commercial Vehicles from Fuel Norms
- The industry says small goods-carrying vehicles (under 3.5 tonnes) are already struggling with low sales and high costs, so adding strict fuel rules will make things even harder.
- These vehicles don't have many electric options yet, and buyers often can’t get loans easily, making it tough to upgrade to cleaner models.
- Source: Business Standard
C) Pharma:
1) Sigachi Pharma Stock Falls 25% After Telangana Plant Blast Kills 40
- A deadly explosion at Sigachi Industries’ Telangana plant has led to a sharp fall in its stock, with investors reacting to safety lapses and the temporary shutdown of one of its units.
- The blast killed 40 and injured 33, prompting criminal charges for negligence against the company; operations at the plant will remain suspended for 90 days.
- Source: Trade Brains
2) India’s Pharma Exports Hit $4.96 Billion in April–May FY26, Led by Strong Global Demand
- Pharma exports rose 7.38% YoY in May 2025, with key drivers being drug formulations, biologicals, and vaccines; the US remained India’s largest export destination.
- Growth was supported by strong global demand, regulatory streamlining, and digital efficiency, with NAFTA, Europe, Africa, and LAC accounting for 76% of total exports.
- Source: EP News Bureau
D) Agriculture:
1) Union Agriculture Minister Visits J&K for Key Rural and Academic Initiatives
- Shri Shivraj Singh Chouhan is visiting Jammu & Kashmir on July 3–4 to lead meetings on agriculture, natural farming, and rural development, and to attend SKUAST-K’s convocation.
- He will also visit saffron and apple orchards, meet scientists and farmers, and interact with women-led self-help groups symbolizing rural empowerment.
- Source: PIB Delhi
E) Energy:
1) India Plans Three New Strategic Oil Reserves to Bolster Energy Security
- To prepare for future supply shocks, India will add oil reserves in Bikaner, Mangalore, and Bina, expanding its emergency stockpile beyond the current sites in Vizag, Padur, and Mangalore.
- With over 80% of its oil needs imported, India aims to reduce risks from global disruptions through diversified sourcing and enhanced storage capacity.
- Source: Economic Times
2) Crude Oil Prices Steady at $67/Barrel, Says Minister Hardeep Singh Puri
- Oil prices have returned to $67 per barrel and are expected to stay stable, aided by India’s diversified sourcing from 40 countries and increased biofuel usage.
- Minister Puri highlighted that alarmist fears during recent Gulf tensions were unfounded and praised India's growing energy resilience.
- Source: PTI
F) IT:
1) Muted Q1 Expected for IT Majors; Mid-Tier Firms Likely to Outshine
- TCS, Wipro, and Tech Mahindra may report flat or declining Q1 results due to slow deal momentum, while Infosys and LTIMindtree could see modest 2% growth.
- Mid-tier IT players like Coforge and Persistent Systems are expected to outperform, even as sectors like auto and retail see ongoing pressure.
- Source: Times of India
G) FMCG:
1) Reliance to Consolidate FMCG Brands Under 'New RCPL' Ahead of IPO Plans
- RIL will regroup all FMCG brands under New Reliance Consumer Products Ltd, a wholly owned subsidiary, to streamline operations and attract focused investors.
- The restructuring supports Mukesh Ambani’s broader plan for IPOs in retail and telecom, aligning with the company’s long-term consumer strategy.
- Source: Times of India
2) Early Rains Dampen FMCG Q1; Mild Recovery Seen, Hopes Pinned on Q2
- FMCG firms faced weak Q1 FY26 sales in summer categories like juices, ice cream, and cooling oils due to early monsoon, though rural demand showed improvement.
- Volume growth was modest and pricing gains limited, but easing raw material costs may support a stronger recovery from Q2 onward.
- Source: Business Standard
Indian Economy and Government Initiatives:
Indian Stock Market Update:
- Indian markets ended lower on Thursday as the Sensex fell over 600 points from the day’s peak due to volatility around the weekly F&O expiry and investor caution over US-India trade deal uncertainty. Financial stocks were the biggest drag, with Kotak Bank, Bajaj Finance, and SBI among the top losers.
- In key corporate updates: Nykaa fell 4.5% due to a large block deal, Tata Power dropped 2% after a $490M arbitration loss, and Vedanta posted record zinc output while iron ore surged 42% YoY. Meanwhile, oil prices dipped on tariff concerns and OPEC+ output outlook, while gold slipped 1% after strong US job data reduced hopes of a rate cut.
Bonus Briefs:
- A surprise build in U.S. crude oil inventories broke a 5-week decline streak, hinting at weaker short-term demand and contributing to a slight dip in global oil prices.
- Former U.S. President Trump announced a trade deal with Vietnam amid rising protectionism and ongoing trade tensions, especially with China, affecting global investment sentiment.
- The U.S. dollar remains volatile, caught between the Federal Reserve's dovish tone and Trump’s aggressive fiscal strategies, adding uncertainty to global markets.
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