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India and EU Close to Striking Major Trade Deal

Commerce Minister Piyush Goyal says India and the EU are on track to conclude their free trade agreement by the end of the year

June 02, 2025 • Reading Time: 6 minutes

Hello,
IT stocks dragged the markets lower on Friday, despite some support from PSU stocks. Meanwhile, Commerce Minister Piyush Goyal stated that India and the EU could conclude FTA talks by the end of the year. In major deals, the Shapoorji Group secured $3.35 billion in the largest private transaction led by Deutsche Bank, while Jubilant Bhartia is planning to raise ₹5,650 crore via NCDs to fund a 40% stake in its Coca-Cola venture.

As of 30/05/25

  • The Indian stock market ended the final trading session of May in the red, as a sharp sell-off in technology, auto, and metal stocks wiped out gains from the previous day’s rebound.

  • PSU stocks provided limited support, falling short of lifting the indices. However, broader markets closed with only mild losses, suggesting that market breadth remained positive.

  • Markets continued to trade in a narrow range amid the absence of fresh domestic triggers, while renewed global trade tensions and erratic foreign investor flows kept investors cautious.

Nifty 50

(0.33%)

24,750.70

BSE Sensex

(0.22%)

81,451.01

Nifty Bank

0.37%

55,749.70

Nifty IT

(1.15%)

37,321.75

Nifty Vix

(2.09%)

16.08

USD>INR

0.12%

85.53

Source: Moneycontrol

Wockhardt +8.55%

  • The stock jumped 8.6% after the company reported a sharp reduction in its net loss for Q4FY25.

  • Wockhardt’s net loss narrowed to ₹45 crore, down from ₹177 crore in the same quarter last year, driven by revenue growth and improved operational performance.

PNC Infratech (3.80%)

  • Shares fell 3.8% after the company reported a steep decline in its March quarter performance.

  • Net profit dropped 81% to ₹75.5 crore from ₹395.9 crore a year ago, while revenue fell 34.5% year-on-year to ₹1,704 crore.

  • EBITDA declined 51% to ₹362 crore, and the EBITDA margin shrank to 21.26% from 28.32% in the same period last year.

  • India, EU can wrap up FTA talks before year-end: Piyush Goyal. (BS)

  • RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday. (ET)

  • Bank lending moderates across sectors: RBI. (ET)

  • Adani energy board approves ₹4,254 crore ($502Mn) fundraise via share sale. (BS)

  • Scoda Tubes IPO concludes with 54 times subscription; NII, QIB lead. (MC)

There are no mainboard IPOs this week.

M&A / Investments

  • BNP Paribas buys Zomato shares worth ₹1,488 crore ($174Mn); sells ₹502 crore ($59Mn) stake in Nykaa. (NDTV)

  • Aditya Birla Capital invests ₹249 crore ($29.2Mn) in its subsidiary ABHFL. (ET)

  • Battery Smart secures ₹246 crore ($29Mn) in ongoing Series B round. (YS)

Debt

  • Shapoorji Group bags ₹28,507 crore ($3.35Bn) in largest private deal led by Deutsche Bank. (BS)

  • Jubilant Bhartia eyes ₹5,650 crore ($663Mn) NCDs to fund 40% stake in Coca-Cola deal. (BS)

  • Vedanta ltd to raise ₹5,000 crore ($587Mn) via NCDs. (BS)

VC

Category

Company

Amount

Mobility

Chalo Mobility

₹53 crore ($6.2Mn)

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