India-US Trade Talks Close

• Indian benchmark indices, the Sensex and Nifty, ended lower on Monday, weighed down by losses in financial and auto stocks. This came despite improved global risk appetite and stronger foreign fund inflows, driven by easing tensions in the Middle East.

• Analysts noted that global sentiment is turning more favourable for equities amid reduced geopolitical risks and hopes of a US trade deal. However, profit booking set in after the recent rally in domestic markets.

• While the medium-term outlook for domestic equities remains upbeat, investors are now focused on upcoming Q1 earnings and progress in India-US trade negotiations.

• Attention is now shifting to corporate earnings, which are expected to provide fundamental support to valuations. Mid- and small-cap stocks outperformed, buoyed by expectations of stronger earnings led by consumption growth and margin improvement.

SBFC Finance +5.08%

• Shares jumped over 5 percent after global brokerage firm Investec initiated coverage on the non-banking financial company, citing its strong presence in the secured MSME segment.

• The firm has delivered a robust 40% AUM CAGR over the past five years, supported by improving profitability and stable asset quality. Investec assigned a ‘buy’ rating with a target price of ₹135, implying a 27% upside.

J B Chemicals and Pharmaceuticals (6.91%)

• Shares plunged up to 7 percent after Torrent Pharmaceuticals acquired a controlling stake in the company from global private equity firm KKR, valuing it at ₹25,689 crore on a fully diluted basis.

• This marks the second-largest deal in India’s pharmaceutical sector, following Sun Pharma’s acquisition of Ranbaxy in 2015.

• US trade talks at crucial stage; India sticks to agriculture, dairy stand. (ET)

• Slowdown in global growth to hurt India's domestic outputs: RBI report. (ET)

• Industrial output growth hits nine-month low in May. (ET)

• Fintech-driven personal loans show rising stress, delinquencies at 6-quarter high. (ET)

• Tenneco Clean Air India files draft papers to raise ₹3,000 crore ($350Mn) via IPO. (MC)

• Indogulf Cropsciences IPO subscribed 26 times, led by NII, retail investors. (MC)

This week’s mainboard IPO schedule

• Indogulf Cropsciences

  • Offering Period: 26 June - 30 June, 2025

  • Listing Date: 03 July, 2025

  • Issue Price: 105 - 111

  • Lot Size: 135

• Crizac

  • Offering Period: 02 July - 04 July, 2025

  • Listing Date: 09 July, 2025

  • Issue Price: 233-245

  • Lot Size: 61

• Travel Food Services

  • Offering Period: 03 July - 07 July, 2025

  • Listing Date: 10 July, 2025

  • Issue Price: TBC

  • Lot Size: TBC

M&A / Investments

• AMG acquires 17.5% stake in Greenko Energy Holdings for ₹11, 967 crore ($1.4Bn). (BL)

• Inox Neo Energies acquires Skypower Solar India for ₹265 crore ($31Mn). (ET)

• Virat Kohli acquires 1.94% in Agilitas Sports. (EN)

• Japan's SMBC seeks CCI nod to acquire 20% stake in Yes Bank. (ET)

Debt

• Adani Ports unit plans to raise ₹3,000 crore ($350Mn) via local currency bonds. (OB)

• Embassy REIT raises ₹1,550 crore ($181Mn) through NCDs and term loan facilities. (FE)

• Aditya Birla Capital raises ₹1,301 crore ($152Mn) in debt from AIIB. (ET)

• Infra.Market raises ₹427 crore ($50Mn) from MARS Growth Capital in debt funding. (YS)

VC