SEBI Shakes Up Expiry Rules
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🗞️ Oswal Pumps IPO Sees Massive Demand
The Oswal Pumps IPO was subscribed 34.42 times on Day 3, driven by strong interest from QIBs and retail investors. The Grey Market Premium (GMP) signals solid listing expectations, indicating sustained retail appetite for industrial IPOs.
🗞️ Vedanta to Offload ₹7,500 Cr Stake in Hindustan Zinc
Vedanta is reportedly planning to sell ₹7,500 crore worth of shares in Hindustan Zinc via block deals. This move is part of a broader strategy to reduce debt and unlock value, with institutional buyers closely watching the offer size and discount.
🗞️ Musk’s xAI Eyes $4.3 Billion Equity Raise
Elon Musk’s AI startup, xAI, is reportedly looking to raise $4.3 billion in equity funding. The announcement underscores growing investor interest in AI infrastructure and model development as xAI ramps up competition with OpenAI and Anthropic.
💬 Expert Take:
“AI is no longer optional — it’s foundational. Musk's bet signals that deep capital will chase compute-heavy innovation,” says Tanvi Rathi, Partner at Nexus Intel Capital.
🗞️ India Builds 108 Multimodal Cargo Terminals
Reforms have led to the development of 108 multimodal cargo terminals under Gati Shakti and PM Gati Shakti schemes, according to Railways Minister Ashwini Vaishnaw. These terminals are expected to drastically reduce logistics costs and support economic growth.
🗞️ Nifty Struggles at 25,000 Amid Global Risk
The Nifty 50 index faced resistance near 25,000, impacted by global uncertainty and elevated crude oil prices. Technical charts suggest caution, with broader indices holding near record highs but facing global headwinds.
🗞️ SEBI-NSE Shift Weekly Options Expiry to Tuesday
In a key market move, SEBI and NSE have decided to shift weekly expiry of Nifty, Sensex, and BSE equity derivatives to Tuesdays starting July 2025, aiming to ease volatility and balance volumes across exchanges.
💬 Expert Take:
"This change could dampen Thursday volatility while giving arbitrageurs an edge on Tuesdays," explains Rajat Desai, Derivatives Strategist at EquiAlpha.
🗞️ Gold to Gain More Share in Forex Reserves
Gold’s share in forex reserves is expected to rise globally as central banks hedge against a weakening US dollar, says the World Gold Council. India is also seen increasing its gold allocation gradually.
🗞️ Crude Oil Soars 5% on Geopolitical Heat
Oil prices surged over 5% as tensions between the US and Iran escalated. Former US President Trump’s aggressive rhetoric, coupled with tight global supply, sent Brent crude soaring, rekindling inflation fears.
📊 Market Updates
📈 Sensex: 81,583.30 ▲ +465.15 (+0.57%)
📈 Nifty 50: 24,853.40 ▲ +83.45 (+0.34%)
💵 USD/INR: ₹86.34 ▼ Rupee strengthened early, then eased to close weaker
🛢️ Brent Crude: $76.75 ▲ +5.4% (Brent futures settlement)
🪙 Bitcoin: ~$105,885 ▶ holding firm above $105K
🪙 Gold (24K): ₹10,151/gram ▲ slightly up amid safe‑haven flows