Nifty, Sensex Weaken; Broader Market Strong – Thursday Market Report
Moneylife Digital Team 03 July 2025
On Thursday, 2009 stocks advanced, 2001 declined and 158 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.00 indicating a positive closing. The trend of the major indices on Thursday’s trading is given in the table below.  
 
 
On NSE, 69 securities advanced and closed at a new 52-week high whereas 44 securities sank to close at their new 52-week lows. Nifty Media, Nifty Auto and Nifty Pharma were among the biggest gainers. Nifty PSU Bank, Nifty Metal and Nifty Infrastructure were among the biggest losers.
 
ICICI Lombard (-0.50%) received relief from the Bombay High Court, which has set aside a GST demand order of Rs1,728.86 crore, along with Rs172.88 crore in penalties. The court directed a fresh hearing by the adjudicating authority, and the company has stated that there is no immediate financial impact from this development.
 
Reliance Retail Ventures made a strategic minority investment in UK-based FACEGYM, a pioneer in facial fitness and skincare. The partnership will bring FACEGYM’s non-invasive facial workout concept to India through standalone studios and curated spaces within Tira stores, with expansion planned over the next five years.
 
Bharat Forge (-0.97%), through its subsidiary Kalyani Strategic Systems Ltd (KSSL), incorporated Agneyastra Energetics to enter the defense energetics domain. The new entity will focus on manufacturing high-energy explosives, gun and rocket propellants, and ammunition filling for medium and heavy calibre.
 
MobiKwik (+2.44%) Group achieved two key regulatory milestones this quarter. Its subsidiary MobiKwik Securities Broking Pvt Ltd (MSBPL) received SEBI approval on 1 July 2025, to operate as a stock broker and clearing member, enabling equity trading and settlement operations. Separately, Zaakpay, another group entity, secured RBI authorization in April 2025 to function as an online payment aggregator, expanding MobiKwik’s footprint in digital payments. 
 
NBCC (India) (-2.44%) secured Rs65.73 crore in fresh work orders which includes Rs43.90 crore project management consultancy (PMC) for construction and external development at the Energy Institute, Bengaluru, under the Rajiv Gandhi Institute of Petroleum Technology, Rs6.42 crore for construction of a regional office building for Navodaya Vidyalaya Samiti in Bhubaneswar, Odisha and Rs15.41 crore for development of central covered courtyards across various Jawahar Navodaya Vidyalayas (JNVs) in Odisha.
 
Godrej Industries (+0.25%) will undertake a Rs750 crore investment to expand its chemicals business, targeting $1 billion in revenue by 2030. The expansion includes doubling capacity for Fatty Alcohols (+35,000 TPA) and Glycerine (+24,000 TPA), tripling capacity for Speciality Chemicals (+21,000 TPA) and Fermentation (+1,500 TPA), increasing primary surfactants capacity by 30,000 TPA and boosting renewable energy usage to 75% via hybrid power upgrades.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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