4690: Trump says India trade deal is near | Key Nifty levels & Q1 business updates | Market Minutes

Indian markets ended flat as Reliance propped up the Nifty, while broader indices and IT stocks came under pressure. FMCG majors led the gains, bolstered by Q1 updates. Globally, Trump’s tariff shock reverberated through Asia, with several countries facing steep duties starting August 1. Meanwhile, he signaled a near-final trade deal with India. Back home, key stocks like Kotak Mahindra Bank, Titan, and Tata Motors are in focus on the back of their quarterly updates. Plus, MCX makes history with India’s first electricity derivatives contract launch, and SEBI’s study reveals a sobering stat—91% of retail traders lost money in derivatives last year. And in our Voice Of The Day segment catch Harish Krishnan, Co-CIO & Head Equity, Aditya Birla Sun Life AMC as he shares his outlook on the upcoming first quarter earnings season. Tune in for all this and more in today’s Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to

A mini India-US trade deal may be just around the corner — EV tariffs, export risks and Vietnam loom large. Axis Finance draws PE biggies, Tilaknagar wants Imperial Blue, Sebi’s crackdown on Jane Street sends shockwaves through quant trading circles. Also in focus: Kashmir’s record-breaking heat, SME IPOs that soared and sank, urban FMCG showing signs of life, Tata’s ₹500-crore relief fund post the Air India crash, and a heartwarming Guru Dutt–Dev Anand centenary tribute.

In today’s Tech3 from Moneycontrol, Capgemini makes one of the biggest AI-driven acquisitions of the year, buying WNS for $3.3 billion. Cred leads in credit card bill value, even outpacing PhonePe. Yulu scales EV rentals for gig workers in the quick commerce boom. Esports giant Garena returns with Free Fire Max India Cup. And BigBasket ropes in a new CFO from Amazon, HUL. Tune in for sharp startup and tech updates.

In today’s Market Minutes, we break down Friday’s smart recovery in the markets and what could drive Nifty’s next move. IT stocks and ICICI Bank led the charge, but pressure lingered on capital market plays post SEBI’s action against Jane Street. We also spotlight key Q1 business updates from Dabur, Godrej Consumer, Nykaa, and more, along with Tata Steel’s regulatory challenge and Senco Gold’s strong retail performance. On the global front, US tariffs return to focus with Trump shifting the goalposts on tariffs deadline for nations that haven’t finalised trade agreements with the US. Meanwhile, the India-US trade may be finalised in less than 48 hours. In the commodities market, crude oil prices edge lower as OPEC+ stirs oil markets with a bigger-than-expected production hike. Plus, we wrap up with India’s historic Test cricket triumph at Edgbaston under Shubman Gill’s captaincy.  Tune in for all this and more in today’s Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.

In today’s edition of Moneycontrol Editor’s Picks, find a full 360 degree coverage of the market regulator SEBI’s crackdown on Jane Street. From why this matters and its impact to our previous news breaks two months ago that predicted SEBI’s likely action - you will get the full lowdown on the latest developments on our website. Besides this, read about the India US trade deal negotiations, why the Sangh wants the original Preamble restored and a humorous piece on Edgbaston’s literary connection.

In today’s Tech3 from Moneycontrol, India sees a strategic opening as Foxconn pulls 300 Chinese engineers from Apple factories. Over a dozen startups, including Meesho and PhysicsWallah, are prepping for IPOs worth nearly Rs 20,000 crore. Generative AI is transforming India’s IT sector, reducing reliance on mass hiring. And Sarvam AI begins training the country’s first sovereign large language model, backed by a Rs 1,500 crore government push. All that and more in today’s top startup and tech updates.

SEBI bars Jane Street from India’s securities market, delivering a sharp blow to the US trading firm. What does this mean for foreign players in India’s derivatives space? We also track key triggers that could shape Nifty’s next move amid global trade uncertainty and expiry-led volatility. Plus, spotlight on Bajaj Finance, Marico, and Vedanta after their Q1 updates. And in our Voice of the Day, Nirav Karkera of Fisdom Research highlights the sectors poised to lead the upcoming earnings season. Tune in for all this and more in today’s Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.

There may be an India-US trade deal breakthrough soon. CII President Rajiv Memani shares insights about what may be on the cards. After Foxconn sends Chinese workers home, Apple must prepare for replacements to scale India manufacturing operations. Taking the confidential IPO route, Meesho files papers with SEBI - find the details on all this and more on today’s edition of Moneycontrol Editor’s Picks.

In today’s Tech3 from Moneycontrol, we break down Meesho’s confidential move toward a billion-dollar IPO, Bizongo’s founders and investors coming under the EOW’s scanner, Mobikwik’s entry into stock broking, and Catamaran’s plans to recreate a Cloudtail-style success in Indian precision manufacturing. Tune in for the day’s biggest startup and tech headlines.

Markets turned cautious as Nifty slipped below key support levels in intra-day trade on July 2, with financials dragging and midcaps snapping an 8-session winning streak. Traders are gearing up for another choppy session on weekly expiry day. In stocks to watch, all eyes are on a major block deal in Nykaa, while Avenue Supermarts, PNB, Indian Bank and Voltas are also in focus. The US has sealed a trade deal with Vietnam, securing zero tariffs on American goods and full access to Vietnamese markets. Meanwhile, Foxconn pulls out Chinese workers from its India unit, and Microsoft announces fresh layoffs impacting 4% of its global workforce. Also in our Voice Of The Day Segment, Vinit Bolinjkar—Head of Research, Ventura Securities shares his outlook on the auto sector. Tune in for all this and more in today’s Market Minutes — your morning podcast that brings you the top stories to kickstart your trading day, covering stocks in the news, macro trends, and global market cues.