š Market Update: Stocks to Watch Ahead of India-US Trade Talks
On Tuesday, July 9, 2025, Indian benchmark indices posted modest gains.
- BSE Sensex rose by 270 points (0.32%) to close at 83,712.51.
- Nifty50 climbed 61 points (0.24%) to 25,522.50.
Investors are keeping a close eye on unfolding developments around the IndiaāUS trade agreement.
š IPO Spotlight: Crizac Debuts on the Dalal Street
Crizac, a B2B education platform, made its stock market debut today.
- The company raised ā¹860 crore through its IPO (ā¹860 per share).
- The issue was almost 60 times oversubscribed, indicating robust investor demand.
š Steel Sector: Mixed Performance from Tata Steel and JSW
Tata Steel
- Reported crude steel production of 5.26 million tonnes in Q1 FY26 (slightly down YoY from 5.27 million).
- Deliveries dropped by 3.8% to 4.75 million tonnes, impacted by maintenance at Jamshedpur and NINL plants.
JSW Steel
- Posted a 14% YoY rise in consolidated steel output, reaching 7.26 million tonnes.
- Domestic production jumped 15% to 7.02 million tonnes, showcasing strong operational momentum.
š Auto Sector: Tata Motorsā Sales Dip
Tata Motors posted declines across its global volumes:
- Overall wholesales fell 9% YoY to 2.99 lakh units.
- Commercial vehicle volumes dropped 6% to 87,569 units.
- Passenger vehicle sales declined 10%, while Jaguar Land Rover saw an 11% drop in global shipments.
ā” EV Highlight: Ola Electric Rolls Out New Software
Ola Electric Mobility launched its MoveOS 5 platform for all S1 scooters and the new Roadster X motorcycle.
The upgrade promises to:
- Boost performance
- Improve reliability
- Extend driving range
š¦ Banking & Finance: Union Bank Shows Growth
Union Bank of India delivered a solid Q1FY26 performance:
- Total business rose 5% YoY to ā¹22.1 lakh crore.
- Deposits grew 3.6% to ā¹12.39 lakh crore.
- Domestic retail advances surged 25.6% YoY to ā¹2.28 lakh crore.
š Other Key Corporate Updates
- Shriram Finance will meet on July 11 to discuss NCD buybacks.
- Dixon Technologies launched a joint venture, Lightanium, with Signify Innovations through a ā¹2.5 crore stake.
- Puravankara selected as developer for a ā¹2,100 crore redevelopment project in Chembur, Mumbai.
- Government approved the special-purpose vehicle KPIN Clean Power Four LLP under KPI Green Energy.
- CAMSPay, by CAMS, launched a high-speed payments gateway, capable of over 5,000 transactions per second.
- Gujarat Pipavav Port reported Q1 throughput near last year: 164,000 TEUs, with liquid cargo up from 0.34 to 0.41 million MT.
- 5paisa Capital saw its net profit tumble 42.5% YoY to ā¹20.1 crore in Q1; revenue dropped 24% to ā¹77.7 crore.
- Bajel Projects plans to expand galvanization capacity to 1.1 lakh MTPA from 40,500 MTPA, investing ā¹170 crore.
- Synergy Green Industries secured a 3.3 MW turbine parts order from Adani Wind. Its order book is projected to double from ā¹20 crore in FY25 to ā¹40 crore in FY26.
