News Overview

Global equity markets started the third quarter of 2026 on a mixed note, with gains in China and Japan driven by strong PMI data and AI-led tech buying, while South Korea and Hong Kong declined amid geopolitical uncertainty and risk-off sentiment. Indian markets advanced as easing crude oil prices, optimism around US-Iran talks, and strong domestic sector performance supported the Nifty 50. Key global drivers included China’s manufacturing recovery, Japan’s yen-driven export boost, and continued volatility in tech and geopolitical developments shaping investor sentiment across regions.

Paisalo Digital surged to a fresh 52-week high of ₹70.92 and hit the 20% upper circuit after promoters raised their stake to 46.72%, boosting investor confidence. Backed by an AI-driven lending strategy, ambitious growth plans, and a strong nationwide distribution network, the NBFC continues to outperform the broader market with exceptional returns across multiple timeframes.

KPIT Technologies slipped to a fresh 52-week low following a weak Q1 FY27 update, margin pressure, and reduced spending from European automotive clients. Brokerage downgrades, block deals, and sector headwinds further weighed on sentiment, leading to sharp short-term underperformance despite long-term gains.

Indian benchmark indices snapped a two-session losing streak on July 1, 2026, as the Nifty 50 climbed above the 24,000 mark and the Sensex gained 444 points. The rally was driven by easing crude oil prices, positive global cues, strong June auto sales, and broad-based buying in Realty, FMCG, Auto, and financial stocks, while IT remained under pressure amid concerns over slowing global technology spending.

Adani Group stocks rallied after Adani Green became India's first 20 GW renewable energy company, APSEZ signed a USD 1.397 billion Vizhinjam Port deal with MSC, and Navi Mumbai Airport cleared a major regulatory milestone for international operations.

Waterways Leisure Tourism shares listed at a discount of up to 15% on NSE, with continued post-listing decline despite moderate IPO subscription and anchor investor participation.

Reliance Power shares jumped up to 18% intraday as the company’s AI expansion plans boosted sentiment, even as weak earnings and long-term declines persist.

Knack Packaging IPO worth ₹439.50 crore opens on July 1, 2026, with strong financial growth, global presence, and moderate GMP indicating expected listing gains of 10–16%.

Advit Jewels debuted strongly on the NSE SME platform with a 35% listing gain over its IPO price, but later saw volatility and profit booking, though it still trades significantly above its issue price.

Kotak Mahindra Bank is acquiring Deutsche Bank India’s retail banking, private banking, and wealth management business, strengthening its position in affluent banking and expanding its customer and AUM base significantly.