News Overview

The NSE has lifted the restriction on YES Securities, the broking subsidiary of Yes Bank, allowing it to onboard new clients again. The ban, imposed in May 2026 over compliance issues, was revoked early after the company implemented corrective measures and cooperated with the exchange's verification process.

PB Fintech is set for a ₹1,909 crore block deal as MacRitchie Investments sells a 2.6% stake at a 4.6% discount. The transaction comes after the company reported strong Q4 FY26 earnings with 53.5% growth in net profit and 36.7% revenue growth.

Asian equities delivered a mixed performance on July 2, 2026. South Korea's KOSPI plunged nearly 8%, while Japan's Nikkei and China's Shanghai Composite declined amid a global AI chip selloff triggered by Meta's cloud strategy. Hong Kong bucked the trend with gains, and India's Nifty rose on a strong IT rally, lower crude oil prices, and improving investor sentiment.

The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.

Waterways Leisure Tourism shares rallied 10% to a fresh record high just a day after a disappointing stock market debut. Despite listing at a discount, the Cordelia Cruises operator attracted strong buying interest as investors looked beyond the subdued listing performance.

The Nifty IT index rebounded sharply on July 2, rising over 3% after four consecutive sessions of losses. Buying was led by Infosys, HCLTech, TCS, Tech Mahindra and Wipro, while mid-cap IT stocks also witnessed strong gains despite weak global technology cues.

Vedanta Iron & Steel continued its dream run, hitting a fresh all-time high and extending gains to over 113% since its listing. The rally was accompanied by strong gains across other demerged Vedanta Group companies, reflecting sustained investor interest.

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.