Consumer Discretionary

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Automobile, Bank, Construction, Consumer Discretionary, Energy, Financials, FMCG, Healthcare, IT, News, Power, Renewable, Tech, Telecom

Market Wrap – July 4, 2025

The Indian markets ended higher on July 4, 2025, with sectoral buying in Oil & Gas, IT, Pharma, and Banking, while Metals and Auto saw profit booking. Key highlights included Bharat Forge’s new defence arm, strong Q1 updates from Bajaj Finance, Vedanta, and Torrent Pharma’s JB Chemicals stake buy. Regulatory changes in gas tariffs and corporate actions like bonus issues and mutual fund launches also shaped the session. FIIs continued to sell, while DIIs supported the rally. US markets remained closed for Independence Day.

11 4
Construction, Consumer Discretionary, Energy, News, Tech

BEML Expands Defence Manufacturing

BEML Ltd. has inaugurated three advanced defence manufacturing units at its KGF complex in Bengaluru to enhance the production and servicing of Armoured Recovery Vehicles (ARVs) and their variants. The smart, high-throughput facilities mark a strategic move to boost indigenous defence capabilities, reduce turnaround times, and support India’s goal of becoming self-reliant in military mobility solutions.

ONE BIG BEAUTIFUL BILL ACT
Consumer Discretionary, Financials, FMCG, News, Renewable, Tech

ONE BIG BEAUTIFUL BILL ACT Passed

The “ONE BIG BEAUTIFUL BILL ACT,” passed by House Republicans and set to be signed by President Trump on July 4, delivers $4.5 trillion in permanent tax cuts, slashes $1.2 trillion from Medicaid and SNAP, boosts border security spending by $350 billion, and raises the debt ceiling by $5 trillion. While hailed by Trump as the start of a “New Golden Age,” critics warn it could increase deficits by $3.3 trillion and strip millions of healthcare and food benefits.

StarLink
Construction, Consumer Discretionary, FMCG, IT, News, Tech

Starlink Comes to Sri Lanka: Elon Musk’s Satellite Internet Enters Third South Asian Country

Starlink, SpaceX’s satellite internet venture, has officially launched in Sri Lanka, marking its third South Asian entry after Bhutan and Bangladesh. With regulatory clearance nearly complete in India, Starlink is expected to roll out services in the country within two months. This expansion is a major step in bridging the digital divide across South Asia, enabling fast, low-latency internet in underserved regions.

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