Nifty Tops 25,500, Sensex Rises; TVS Motor Sales and IPO Buzz Drive Market Sentiment

India’s benchmark indices opened the second half of 2025 on a cautiously optimistic note as the Sensex and Nifty edged up marginally in intraday trade on July 1, reflecting a mixed bag of sectoral performances, macroeconomic strength, and renewed investor interest in select IPOs. The BSE Sensex climbed 64.04 points or 0.08% to 83,670.50, while the Nifty 50 advanced 16.25 points or 0.06% to trade at 25,533.30. Trading volumes remained moderate, with 1,644 stocks advancing and 1,878 declining, suggesting a mildly bearish undertone despite index-level gains. Broader market indices mirrored this indecision, with the BSE Midcap and Smallcap indices each slipping 0.4%. Amid the sluggish action, TVS Motor stood out with robust June sales, and public issues such as Globe Civil Projects and Ellenbarrie Industrial Gases drew notable investor interest.

Highlights

• Sensex rose by 64.04 points to 83,670.50; Nifty climbed 16.25 points to 25,533.30.

• Market breadth negative: 1,878 declines versus 1,644 advances.

• Midcap and Smallcap indices dipped 0.4%, underperforming large caps.

• IPO action and strong auto sales added flavor to an otherwise muted session.

Also Read : Apple’s MacBook, iPad Sales in India to Top $1.78 Billion in 2025 Amid Non-iPhone Surge

 

TVS Motor Posts 20.5% YoY Jump in June Sales, Boosts Auto Sentiment

Two-wheeler major TVS Motor Company reported a 20.5% year-on-year rise in total sales for June 2025, adding a dose of optimism to an otherwise range-bound market session. The company sold 386,227 units in June, up from 320,446 units in the same month last year, powered by robust domestic demand and growing traction in export markets. Motorcycle sales grew by 13%, while scooter sales surged over 25%, reflecting strong rural and urban buying. This impressive growth was seen as a bellwether for broader recovery in consumer sentiment and rural income. TVS Motor’s stock gained ground on the news, sparking renewed interest in other auto counters as well. The June sales figure also helped reaffirm expectations of strong quarterly earnings for the auto sector, which is now anticipating higher volume growth across both two-wheeler and four-wheeler categories.

Highlights

• TVS Motor’s June 2025 sales rose 20.5% YoY to 386,227 units.

• Scooter sales increased over 25%, driven by urban demand recovery.

• Motorcycle segment showed 13% YoY growth.

• Auto sector outlook improves on stronger rural and urban momentum.

Sectoral Churn: PSU Banks Rise, Pharma and FMCG Under Pressure

The sectoral landscape was marked by a clear divergence in sentiment, with select pockets like PSU banks seeing buying interest while defensives such as FMCG, pharma, and realty came under profit-booking. The Nifty PSU Bank index rose 0.7% in intraday trade, led by gains in SBI and Bank of Baroda. In contrast, Nifty FMCG slipped nearly 1%, dragged by ITC and HUL amid concerns over high valuations and margin compression. Realty stocks were also under pressure due to fears of a possible interest rate hike by the RBI in the upcoming policy meeting, while the pharma index declined 0.5% amid weak quarterly guidance from select mid-sized players. Meanwhile, stocks like Apollo Hospitals, Bharat Electronics, IndusInd Bank, and Jio Financial Services emerged as standout gainers, supported by specific institutional flows and company-level developments.

Highlights

• PSU Bank index up 0.7%, with SBI and BoB among gainers.

• FMCG, pharma, and realty stocks declined 0.5–1% due to valuation and rate hike concerns.

• Apollo Hospitals, BEL, and Jio Financial showed strong individual stock moves.

• Broader market sentiment tilted toward selective stock picking.

SBI Sees Large Block Deal Activity; Remains 8.7% Off 52-Week High

State Bank of India (SBI), the country’s largest lender, witnessed significant block deal activity as 1 million shares changed hands, according to Bloomberg data. The stock traded at ₹820.35 at last count, touching an intraday high of ₹824.95 and a low of ₹813.25. This range-bound movement follows its robust performance in the previous session, where it closed higher by 1.86% or ₹14.95. Over the past year, SBI stock has seen a 52-week high of ₹898.80 (July 19, 2024) and a 52-week low of ₹679.65 (March 3, 2025), currently trading 8.73% below the former and 20.7% above the latter. With a market capitalization of ₹7.32 lakh crore, SBI remains a bellwether in the PSU banking space, and the recent spike in volumes hints at renewed institutional interest ahead of quarterly results and possible sectoral re-rating.

Highlights

• 1 million shares of SBI traded in a block deal as per Bloomberg.

• Stock trading 8.73% below 52-week high of ₹898.80.

• Intraday high and low ranged between ₹824.95 and ₹813.25.

• Market cap stands at ₹7.32 lakh crore, with positive institutional flows.

IPO Buzz: Globe Civil Projects Soars, Ellenbarrie Hits Upper Circuit

A flurry of IPO listings dominated Tuesday’s session, with mixed reactions from investors. Globe Civil Projects saw a stellar debut, surging 26.7% over its issue price, as strong order book visibility and infrastructure tailwinds excited market participants. Ellenbarrie Industrial Gases also hit the upper circuit at ₹534.60 on listing, driven by strong retail and HNI interest. However, not all listings impressed—Raymond Realty declined over 5% after opening flat, weighed down by tepid demand and valuation concerns. Kalpataru Projects also debuted on a flat note. The contrasting performances underline the growing scrutiny retail investors are applying to IPO valuations and fundamentals. Analysts noted that the ongoing wave of IPOs may continue over the next few weeks, as companies rush to list ahead of the next U.S. tariff deadline and Q1 earnings cycle.

Highlights

• Globe Civil Projects surged 26.7% on listing; strong infra play.

• Ellenbarrie Industrial Gases hit upper circuit at ₹534.60.

• Raymond Realty listed with a 5% decline amid valuation worries.

• IPO action remains robust, with more debuts expected this month.

Macro Indicators Offer Support: PMI at 14-Month High, Oil Eases

Economic indicators provided a silver lining in an otherwise directionless market. India’s manufacturing PMI, compiled by HSBC, rose to a 14-month high of 58.4 in June, indicating robust expansion supported by new export orders and record-level hiring. This upbeat data suggests that domestic manufacturing is resilient despite global headwinds. Additionally, crude oil prices slipped globally due to expectations of an OPEC+ production hike, which helped ease inflationary concerns for oil-importing countries like India. Meanwhile, a weakening U.S. dollar and diplomatic optimism over India-U.S. trade talks ahead of the July 9 tariff deadline lifted investor morale. These developments are being closely watched by both foreign and domestic institutional investors as they reassess their positioning ahead of corporate earnings announcements and central bank policy cues.

Highlights

• HSBC India Manufacturing PMI jumped to 58.4 in June, a 14-month high.

• Record hiring and strong export orders boosted output growth.

• Oil prices softened on possible OPEC+ production hike.

• Positive cues from India-U.S. trade dialogue ahead of July 9 tariff deadline.