Tale of the Tape 

Howdy folks. It was a boring AF day for markets!

Nifty and Sensex took a breather after a four-day rally and ended flat. Midcaps and Smallcaps (+0.1%) barely moved either. The advance-decline ratio was split evenly.

Most sectors ended in the green. IT (+1.7%) was the top gainer, followed by Pharma (+0.6%) and Energy (+0.5%). PSU Banks (-0.5%) saw profit-booking.

PM Modi has completed 11 years in power. The last twelve months have been crazy but what does the markets report card look like? Read our top story to find out.

Tata Motors is looking to aggressively expand market share. Read our top takeaways from its analyst meet below.

Grasim Industries, Jindal Saw and HAL saw big movies today. Check out their charts below to find out why.

Maruti Suzuki (-1%) was in focus after reports said it planned to cut its upcoming production of its e-Vitara due to the rare earth magnet supply crisis.

Asian Paints was down -1% after Morgan Stanely gave the stock its lowest price target on the Street of Rs 1,909 p/sh; -14% downside from current levels.

Block deal reactions. DMart was down -2% after 16 lakh shares changed hands in multiple deals; the buyers and sellers were not known. Premier Energies was up +2% after 2.5 crore shares, 5.55 equity, was traded in a big transaction; South Asia Growth Fund was the likely seller.

United Spirits (+1%) was up after reports said parent Diageo could sell its stake in Royal Challengers Bengaluru. PS - Nuvama says USL could see a valuation bump after the stake sale.

Protean e-Gov was up +3% after bagging a Rs 100 cr order from Bima Sugam. PS - not a huge deal, but it's the stock’s first positive news after the PAN contract fiasco.

Market
Modi 3.0: First Year Review

Modi 3.0 has officially finished its first year in power! FYI - the last 12 months have honestly been the most chaotic since the pandemic. So here’s a quick recap + the market’s report card.

First up, the macro front, which tbh has been mixed:

1) We went from 9.2% growth in FY24 to hitting 5.6% in Q2FY25 due to muted GOI capex spending + an urban slowdown. The economy rebounded in Q3, but analysts are debating whether 6.5% GDP growth is our “new normal” in a tough global economy.

2) Things have started to turn around in recent months. GOI passed $12 billion in income tax cuts and the RBI lowered interest rates. Modi secured a long pending India-UK trade deal and looks set to clinch an interim agreement with the US before the July 9 deadline for reciprocal tariffs gets over.

3) India-Pak tensions hit an all-time high! This was one of our biggest geopolitical tests and the GOI crushed it with Op Sindoor. Bonus points for it giving us back the mojo we needed in terms of defence capex & focusing on local manufacturing.

On the markets front, we’ve seen an okay-ish performance with pockets of growth:

1) The year itself was volatile AF. Election results saw a big drop, but we recovered before a proper correction started in October. The Nifty is up +8% over the last year -- ditto for Smallcaps --  while Midcaps (+12%) stood out.

2) Financials (+21%) were the top sectoral winner, followed by Banks (+14%). Auto (-4%), FMCG (-3%) and Metals (-2%) were among the worst performers. 

3) Bharat Electronics (+40%) and Eternal (+39%) were the top Nifty gainers; IndusInd Bank (-43%) and Tata Motors (-25%) stunk up the house. PS - BSE was the midcap king (+3x), while JSW Holdings was the top smallcap gainer.

Specials
Best Stocks To Buy Now

Markets are less than 5% away from new all-time highs! Experts say this may be one of the best times to build your portfolio. Here are 5 midcap & smallcap stocks that you must absolutely not miss!