HDB IPO Pops 13%
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🗞️ HDB Financial Lists at 13% Premium
HDB Financial Services debuted on NSE at a 13% premium to its IPO price — marking one of the strongest big-cap listings this year.
💬 Expert Take:
“HDB’s robust listing reflects retail appetite for well-rated financials amid tight liquidity,”
— Nidhi Verma, Senior Equity Analyst, AlphaEdge
🗞️ Anil Ambani Disputes SBI’s Fraud Tag
Anil Ambani has called SBI’s decision to tag Reliance Communications’ ₹1,197 crore loan as “fraudulent” shocking, saying legal options will be explored.
🗞️ Microsoft Confirms 9,000 Layoffs
Microsoft has laid off 9,000 employees, affecting its Xbox division and cloud operations, amid global tech cost cuts.
🗞️ ICICI Prudential AMC Eyes ₹10,000 Cr IPO
ICICI Prudential AMC may soon file for a ₹10,000 crore IPO, driven by its British JV partner’s plan to partially exit.
💬 Expert Take:
“A large AMC IPO will test appetite for financials amid crowded listings — but demand looks solid,”
— Rajeev Shah, Capital Markets Advisor, FinEdge
🗞️ Why Rupee Hovers at 85–86
MC Explained deep dives into why the rupee has been stuck at ₹85–86/$ — citing a resilient dollar and high oil prices as key drags.
🗞️ RBI Pushes Banks to Adopt Fraud-Tech
The RBI has advised banks to integrate the new DOTS financial fraud detection system, aiming to tackle digital fraud with real-time alerts.
🗞️ Nykaa Block Deal: Banga Family Offloads ₹1,250 Cr Stake
Nykaa’s Banga family will sell nearly 2% stake (~₹1,250 crore) via block deals to monetize gains.
🗞️ India Plans Fresh Strategic Oil Reserve
India will set up a new strategic oil reserve to strengthen energy security amid global supply risks.
📊 Market Updates – July 2, 2025
📈 Sensex: 83,697.29 ▲ +90.83 (+0.11%)
📈 Nifty 50: 25,541.80 ▲ +24.75 (+0.10%)
💵 USD/INR: ₹85.75 ▶ stable
🛢️ Brent Crude: $69.10 ▲ +0.5%
🪙 Bitcoin: ~$108,200 ▲ +1.2%
🪙 Gold (24K): ₹62,410/10g ▶ flat