&w=3840&q=100)
Stock Market LIVE: GIFT Nifty flat; Nikkei gains 1.5%; S&P, Nasdaq hit record highs
Sensex Today | Stock Market LIVE on Monday, June 30, 2025: Around 7:10 AM, GIFT Nifty futures were trading 22 points higher at 25,772, indicating a flat to positive start for the bourses.
7:17 AM
Stock Market LIVE Updates: Reliance Jio on path to become dominant FWA player globally: Analysts
Stock Market LIVE Updates: Indian telecom major Reliance Jio is on track to become the world's largest Fixed Wireless Access provider by subscriber base, eclipsing US-based telecom giant T-Mobile, an analyst report said on Sunday.
According to recent data released by telecom regulator Trai, Reliance Jio total 5G FWA subscriber base (including unlicensed band radio) reached 6.88 million in May, while T-Mobile had 6.85 million subscribers in March.
Reliance Jio reclassified around 1 million Fixed Wireless Access (FWA) unlicensed band radio (UBR) subscribers into FTTx category, following which its net FWA subscriber base stood at 5.9 million in May, with a monthly addition of 0.74 million customers. READ MORE
7:13 AM
Stock Market LIVE Updates: China's manufacturing activity contracts for a third month amid deflation woes
Stock Market LIVE Updates: China's manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions.
The official purchasing managers' index (PMI) improved slightly to 49.7 in June from 49.5 in May but stayed below the 50-benchmark separating expansion from contraction. That figure was in line with analysts' forecast of 49.7 in a Reuters poll.
The non-manufacturing PMI, which includes services and construction, rose to 50.5 from 50.3 in May.
Chinese manufacturers have been grappling with a deepening price war amid a supply glut and sluggish consumer demand, exacerbated by higher US tariffs that dwarfed its exports to the world's largest consumption market.
7:13 AM
Stock Market LIVE Updates: Rare earth curbs to affect ICE vehicles as well: Automobile industry
Stock Market LIVE Updates: Raising concerns over China's export curbs on rare-earth elements, the automobile industry is learnt to have told the Ministry of Commerce and Industry earlier this month that the issue threatens to disrupt production of not just electric vehicles (EVs) but also internal combustion engine (ICE) automobiles.
To raise these issues, a delegation of senior executives from leading automakers and component manufacturers was scheduled to visit China this month. However, Chinese authorities are yet to respond positively to India's request to allow the delegation, people familiar with the matter said. READ MORE
7:09 AM
Stock Market LIVE Updates: Torrent Pharma to acquire JB Pharma from KKR at ₹25,689 cr valuation
Stock Market LIVE Updates: In one of the largest pharmaceutical deals in India in recent years, Ahmedabad-based Torrent Pharmaceuticals will acquire a controlling stake in investment firm KKR-backed JB Chemicals and Pharmaceuticals (known as JB Pharma) at an equity valuation of ₹25,689 crore.
This will be followed by the merger of the two entities.
The deal will be executed in two phases: First the acquisition of the 46.39 per cent stake of KKR in JB Pharma at ₹1,600 per share, amounting to ₹11,917 crore, and then a mandatory open offer to acquire up to 26 per cent of JB Pharma shares from public shareholders at an open offer price of ₹1639.18 per share. READ MORE
7:08 AM
Stock Market LIVE Updates: MF distribution industry moving towards consolidation: Misbah Baxamusa
Stock Market LIVE Updates: Misbah Baxamusa, chief executive officer (CEO) at NJ Wealth — one of India's largest mutual fund (MF) distributors, with assets under management (AUM) of over ₹2.5 trillion — tells Business Standard in an email interview that they're seeing growing interest from salaried individuals, small business owners, and first-generation earners in Tier-II and Tier-III cities, who are aspirational and open to exploring investment avenues. READ MORE
7:06 AM
Stock Market LIVE Updates: Growth to remain muted for IT services firms in Q1 amid macro uncertainty
Stock Market LIVE Updates: Indian information technology (IT) service providers are expected to deliver low single-digit sequential growth in the first quarter (April-June) of 2025-26 (FY26), even as macroeconomic uncertainties continue to persist due to the volatile geopolitical environment.
While the road ahead appears far from rosy, IT companies – which depend on the US for a large part of their revenue – point to no material deterioration in the spending environment. The quarter ended June 30 looks slightly better than what was feared earlier.
'This quarter will not be as bad as March but not as good as January either. While there has not been a sharp cut in spending, growth in this environment is difficult to come by as clients are still cautious on spending. For largecap players, our growth estimate is at sub-2 per cent while at the bottom end it is about a negative 1.5 per cent, at worst, sequentially,' said a senior analyst at an international research firm. READ MORE
7:05 AM
Stock Market LIVE Updates: A $738 bn potential: 9 sectors set to redraw India's global growth map
Stock Market LIVE Updates: Indian companies could achieve disproportionate growth through distinctly Indian capabilities in nine transformative sectors in the global arena, which could collectively yield between $588 billion and $738 billion in revenues by 2030, according to estimates by McKinsey & Company. That represents a three and a half fold increase over 2023, which was pegged at between $164-206 billion.
This engine of growth is expected to come from nine sectors: e-commerce, semiconductor, Cloud services, cybersecurity, electric vehicle and battery, artificial intelligence (AI) software and services, space, nuclear fission, and robotics. The sectors were chosen based on either patent activity being twice the median or research and development (R&D) investment outpacing the national average by a factor of two. READ MORE
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
21 minutes ago
- Mint
From studying in New Zealand to settling down there—an Indian student's journey
Siddharth Thyagaraj, an automation specialist with a company in New Zealand, is now a permanent resident of that country. Thyagaraj went to New Zealand in 2020 for a Master's degree in information technology project management. After he completed the programme, in about nine months, he applied for New Zealand's post-study work visa, which is given for a period of three years after obtaining a graduate or postgraduate degree from a New Zealand university. From student to permanent resident Thyagaraj was previously employed with Accenture Plc. in India, which helped him land a job in New Zealand shortly after graduation. This allowed him to transition from his post-study work visa to a residency visa that came with employment in the country. The residency visa category expired after 2022 (its closest equivalent currently is the skilled migrant category visa). After two years on the residency visa, Thyagaraj applied for and got a permanent residency visa (similar to the US's green card). 'Life in New Zealand is quiet, comfortable, and organised. The flip side for Indian students is the very small job market here," he said. 'You can get a job in a few sectors like logistics, IT and farming, but it's a very small market. For instance, the company I used to work for in India has a New Zealand office with just one-tenth the staff. You may not see fast career growth from a small market like this one," he added. Cost of studying in New Zealand Thyagaraj, who secured a ₹3 lakh scholarship, paid about 40,000 New Zealand dollars in tuition fee and spent another 10,000 NZD on living expenses and rent as a student, adding up to about ₹26 lakh. He estimated that a student would have to spend about ₹40 lakh today on fees for a similar course, accommodation, and living expenses. However, students can take up part-time work to offset some of the costs. International students in New Zealand are permitted to work part-time for up to 20 hours per week. At a minimum wage of 23 NZD per hour, a student can earn up to 1,800 NZD per week (pre-tax), or about ₹93,000. According to financial services firm Zinc Money, for students pursuing postgraduate STEM (science, technology, engineering, and mathematics) or management programmes in New Zealand, the average tuition fee is about $23,000 per year, or about 39,000 NZD. Visas and immigration After graduating from a New Zealand university, students become eligible for a 3-year post-study work visa. From this, they can transition to the migrant category visa category, which generally requires six eligibility points. Students graduating from a New Zealand university get four points, or five points for a Master's degree. The balance points can be earned by working in New Zealand for 1-2 years on the post-study work visa. After 2 years in the skilled migrant visa category, individuals can apply for permanent residency in New Zealand. Salaries and expenses Thyagaraj estimated annual starting salaries in the information technology sector or similar white-collar employment to be in the 50,000-55,000 NZD range ( ₹26-28 lakh), rising to 200,000 NZD (about ₹1 crore) in a few years. New Zealand's highest tax rate of 33% for salaried employees kicks in at a salary of 78,000 NZD. Thyagaraj currently pays about 2,000 NZD in monthly rent for a 2-bedroom apartment, which he shares with his wife and brother-in-law. Monthly expenses claim another 3,500-4,000 NZD. Healthcare is free, but comes with significant waiting to get treatment, he adds. Thyagaraj invests his savings in US index funds as well as fixed and recurring deposits in New Zealand and India. He has also bought real estate in Coimbatore, his native city in India. Buying a house in New Zealand is expensive, he said, with an average 2-bedroom apartment costing the equivalent of about ₹4 crore.
Mint
24 minutes ago
- Mint
Indian stock market: Sensex, Nifty 50 rise for fourth straight month as financials, tech lead; gain 17% from April lows
Indian stock market today: The Indian stock market ended the last trading session of June in the red, as investors booked profits following the strong rally seen over the previous four sessions. Nevertheless, the market closed the month in the green for a fourth consecutive time, with the Nifty 50 ending up 3.10% and the Sensex rising 2.65%, pushing the four-month cumulative gains for both indices to over 15%. Impressively, both indices have recovered nearly 17.3% from their April lows, which is the best turnaround performance in the recent past. June can be broadly divided into two distinct halves. The first half was dominated by bears, dragging frontline indices to one-month lows. However, the momentum shifted in the second half, as positive global cues and the return of foreign portfolio investors (FPIs), joining robust domestic inflows, helped markets recover and reverse early losses. Easing tensions in the Middle East, which also triggered a sharp fall in crude oil prices, combined with the US dollar index dropping to a three-year low, has prompted overseas investors to shift their focus back to Indian equities. On Thursday, foreign investors pumped ₹ 12,594 crore into the Indian stock market, the same day when the US dollar plummeted to the lowest level since February 2022. On Friday, they continued to remain net buyers, infusing another ₹ 1,400 crore. This shift in sentiment has turned them into net buyers for the month of June, with total inflows so far standing at ₹ 8,320 crore. While the FPIs inflows remain fluctuating throughout the month, DIIs, largely led by the mutual funds continue to acquire the local equities at a rapid pace, providing cushion to the overseas investors selling. In the current month, DIIs have added over ₹ 60,000 worth of stocks. The June rally saw a shift in investor sentiment to more fundamentally strong large-cap stocks as they appear to find valuations in this segment more reasonable compared to mid- and small-cap stocks, which are trading at expensive multiples. Large-cap banks, in particular, have remained in the spotlight throughout the month as the RBI's ongoing efforts to revive credit demand by injecting more liquidity into the system have driven significant interest toward these counters. In addition, NBFC stocks have also attracted interest, boosted by the RBI's surprise 50 basis point cut in the repo rate and a 100-basis point reduction in the CRR, driving expectations that these measures could help in driving a sharp surge in vehicle and consumer durable loans. Moreover, the increase in the loan-to-value (LTV) ratio for gold loans has fueled a rally in gold-focused NBFCs, while the rate cuts have also sparked gains in real estate stocks. Overall, the RBI has provided a much-needed policy boost to the Indian stock market. Apart from the rate-sensitive stocks, tech stocks have also supported the indices to stay higher, with Nifty IT ending the month with a solid gain of 4.36%, building on a 4.3% gain in May. Among the top performers that powered the Nifty 50 higher for a fourth straight month was Jio Financial Services, which emerged as the index's top gainer with a 14% rise, driven by multiple developments that boosted demand for the stock in the Indian market. Zomato was another notable gainer, jumping over 10%. Despite rising competition in the food delivery and quick commerce space, investors continue to see the company as strongly positioned to withstand the pressure. Grasim Industries made a strong comeback in June, gaining nearly 7%, while Trent extended its winning streak to a third consecutive month, adding another 10% to its ongoing rally. Bharti Airtel shares also delivered an 8% gain during the month, crossing the ₹ 2,000 mark for the first time. Overall, 37 Nifty 50 stocks closed the month in the green, according to Trendlyne data. As the Indian stock market ended in the green for the fourth straight month, the sustainability of the rally now hinges on upcoming global developments, with tariffs taking center stage. The 90-day reciprocal tariff suspension announced by U.S. President Donald Trump in April is nearing its end. There had been growing expectations that Trump might extend the pause by a few more months. However, he downplayed media reports suggesting an extension. On Sunday, he stated that he has no plans to prolong the 90-day suspension beyond July 9, the deadline set for trade negotiations, and that his administration will begin notifying countries that trade penalties will take effect unless agreements are reached. 'Letters will start going out pretty soon,' Trump said, referring to the upcoming deadline. 'We'll look at how a country treats us—are they good, or are they not so good? Some countries we don't care about; we'll just send a high number out,' Trump told Fox News Channel's Sunday Morning Futures during a wide-ranging interview taped Friday and aired Sunday, according to the Associated Press. Those letters, he said, would include messages like, 'Congratulations, we're allowing you to shop in the United States of America. You're going to pay a 25% tariff, or a 35%, or a 50%, or 10%.' Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
24 minutes ago
- Time of India
India hardens stance on farm sector concessions as India-US trade talks stretch
India-US trade deal (Representative AI image) NEW DELHI: As India-US trade talks stretch into a new week with both sides chasing the July 9 deadline, government has hardened its stance on offering concessions in the farm sector. 'The Indian team may stay longer as crucial talks are continuing, but we don't just want to open up whatever is the demand (from the US) on agriculture as lives of millions of farmers are involved,' said a government source. Last week, India's chief negotiator Rajesh Agarwal and other officials had gone to the US on a two-day visit, but the talks have stretched as the US is also keen to conclude some deals before the pause on reciprocal tariffs – 26% in India's case -- ends in. In fact, on Thursday, US president Donald Trump had announced that a 'very big deal' with India is likely – the seventh time that he had announced an agreement. The Indian industry is also being prepared for dealing with reciprocal tariffs, in case the early tranche of the proposed bilateral trade deal does not work out. For India, a key concern is allowing lower duty import on agricultural products like maize, soybean and dairy products, which is being demanded by the US side. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending Local Enterprise Accounting Software [Click Here] Accounting ERP Click Here Undo Privately, several industry representatives have met commerce department brass and suggested that India should agree to the demands from the Trump administration, but government is keen to ensure that it is not a one-sided deal. Officials also conveyed to exporters on Monday that the limited deal, if it works out, will cover only a limited set of products with more tranches likely in the coming months. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
