4673: Nifty back below 25,600; consolidation ahead? June auto sales data on the radar

India’s GST journey has completed eight years. While the concept of one nation one tax has delivered revenues and high buoyancy for the government, critics say that the one tax ideal has been lost. Multiplicity of rates and their application has made the process muddy. On the other hand, government believes that with detection rising and more companies coming under the tax net, the gains far outweigh the troubles. Amidst noise of rationalising rates and making processes simple, what’s the next step

Indian markets break a 4-day winning streak as the Nifty ends with a triple-digit loss, but midcaps continue to shine. In today’s episode, Nandita Khemka breaks down the key market cues, sectoral trends, and stock-specific news—from auto sales expectations to Bharat Forge’s business transfer and Sona BLW’s plans to manufacture rare earth magnets. Also on radar: the latest on India-US trade talks, macro data, global cues, and new IPO listings. Don’t miss HDFC Securities’ Dhiraj Relli’s sectoral outlook in our Voice of the Day segment. 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.

From a confidential Rs 1,200 crore IPO filing by Manipal Payment to Elon Musk’s Starlink inching closer to Indian skies, today’s lineup spans M&A, pharma deals, private equity churn, and geopolitical tensions. Plus, Sanjeev Sanyal outlines India’s export challenge, and C Uday Bhaskar decodes China’s military purge.

In today’s Tech3 from Moneycontrol, we break down the return of new-age IPOs with Curefoods, Wakefit, and Pine Labs collectively eyeing Rs 4,000 crore in fresh capital. Jumbotail becomes the latest unicorn with a $120 million round. Infra.Market secures $50 million in new debt funding ahead of its IPO, and the Centre readies a national GCC framework to tackle India’s tech talent crunch. Tune in for your daily dose of startup and tech news.

Revamped Consumer Price Index to provide item-level data for granular approach to policymaking, Virat Kohli starts new innings with a Rs 40 crore investment in sports goods startup Agilitas and Torrent Pharmaceuticals revives talks with KKR to acquire its stake in JB Pharma. We examine the hype vs the returns on thematic mutual funds and tell you about the groundbreaking new stem cell therapy to treat type I diabetes. Tune in.

In today’s Tech3 from Moneycontrol, we unpack Virat Kohli’s Rs 40 crore investment in Agilitas and his deeper role in building a sportswear empire. We then decode the DRHPs of Pine Labs and Wakefit as they prep for IPO glory. And finally, we break down why ride-hailing fares in Bengaluru are rising from driver tips to platform fees and what regulators plan to do about it.

India needs to align its economic aspirations to its ambitious climate goals. The effects of climate change are upon us even as we speak. The only way to mitigate the crisis is to evolve solutions that are responsive, scalable and sustainable. Climate technology is a key tool in the efforts to cool the planet. In this episode, we speak to the co-founders of Cancrie and Worldomate – two innovators in India’s buzzing startup ecosystem who are devising creative, localised solutions that address the country’s energy reality. Mahi Singh from Cancrie and Shubham Gujar from Worldomate share learnings and insights from their startup journeys which accelerated ahead with the help of the ENTICE programme, powered by the Global Energy Alliance for People and Planet (GEAPP). They tell us how a solutions mindset makes a product truly great, why original ideas need to be modified to suit market needs, and how platforms like ENTICE can open doors to a world of possibilities.

JSW Paints nears a blockbuster deal for AkzoNobel India, while Raphe mPhibr’s $100M raise marks a milestone for India’s defence sector. IPOs and block deals surge as markets stay buoyant. From mutual fund trends to new auto and pharma pushes—and a proud moment in space—today’s edition packs all this and more.

In today’s Tech3 from Moneycontrol, we break down Raphe mPhibr’s record $100 million defence-tech funding, Pine Labs filing for a $300 million IPO, and Swiggy CEO Sriharsha Majety’s comments on Rapido’s zero-commission food delivery model. Also in the mix, Binny Bansal’s $20 million bet on AI startup ShopOS, and a deep dive into why India’s quick commerce market could touch $30 billion by 2030.

Adani Energy could likely acquire the transmission assets of Megha Engineering including Western UP Power Transmission. In capital markets, NSE IPO plans could soon return on track as SEBI is likely to grant a NOC by the end of July. Goldman Sachs is betting big on India and has called India a “core pillar” of its Asia growth strategy. Meanwhile, India’s trade talks with the US have hit a roadblock due to New Delhi’s firm stance on digital sovereignty, public health, and agricultural livelihoods.