Market Bizzz

An uptrend signal occurs when the Relative Strength Index (RSI) value crosses above 50 from below.

VRL Logistics’ board will meet on July 4, 2025, to consider issuing bonus shares to eligible shareholders, with the record date to be announced later. This would be the company’s first-ever bonus issue, funded by accumulated reserves.

The markets broke out after six weeks of consolidation, with the Nifty gaining 2.09%. Support levels have risen to the 25100-25150 zone, and leadership is expected to shift towards bottoming-out sectors. Focus should be on profit-taking in overperforming sectors and shifting to those with improved relative strength, with potential resistance at 25750 and 26000.

The squeeze sets the stage—the breakout steals the show. For 31 trading sessions, the Nifty moved in a narrow consolidation range, building silent pressure with every passing day.

The Securities and Exchange Board of India has updated regulations concerning related party transactions. Company management must now secure certification from key executives for audit committees. Shareholders will receive valuation reports for significant transactions. Requirements for royalty payment disclosures are relaxed. These revised rules, developed with industry input, will be effective from September 1, 2025.

Jio BlackRock Investment Advisers secures Sebi’s nod for its stock broking venture. This marks the third approval for the Jio-BlackRock joint venture. The company aims to offer affordable and transparent execution capabilities. Marc Pilgrem highlights the ability to provide personalized advice and a self-directed investment platform. Jio BlackRock Asset Management had previously gained approval for its mutual fund business.

IndusInd Bank’s board has shortlisted Rajiv Anand, Rahul Shukla, and Anup Saha for the CEO role, aiming to meet the RBI’s June 30 deadline. The bank has been operating without a full-time CEO since Sumant Kathpalia’s resignation. Rajiv Anand is considered the frontrunner, bringing extensive experience from Axis Bank.

Ellenbarrie Industrial Gases’ Rs 852 crore IPO allotment status is expected to be finalized today, with investors able to check via Kfin Technologies or the BSE website. The IPO saw strong demand across all investor categories, potentially listing around Rs 441 based on the latest GMP.

Hitachi Energy India secured a significant order from Power Grid Corporation of India to supply 30 units of 765 kV transformers, aligning with the ‘Make in India’ initiative. This order supports India’s growing energy needs and the increasing demand for power transformers, driven by renewable energy and electrification. The company’s recent advancements in transformer technology further enhance grid reliability.

Arvind Singhal highlights the significant potential in value retail across various sectors like apparel, footwear, and personal care, driven by increased household incomes and direct money transfers. He emphasizes opportunities in mass consumption-oriented businesses scalable pan-India, favoring medical products for long-term growth. Singhal also points to home furnishings and furniture as untapped categories with potential for organized value offerings.