Jio BLAST JV, India’s EV Growth Is Significantly Lower Than Top 10 Countries & More
- Share.Market
- 9 min read
- 26 Jun 2025
Highlights
Markets soared to a near nine-month high today, with both the BSE Sensex and Nifty 50 rising over 1.2%. The Nifty 50 crossed the 25,500 mark for the first time since September.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MetalNIFTY METAL | +2.31%+215.35 | 9544.55 |
 Nifty Oil & GasNIFTY OIL AND GAS | +1.86%+213.50 | 11695.90 |
 Nifty CommoditiesNIFTY COMMODITIES | +1.76%+154.25 | 8907.85 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | -0.13%-50.05 | 38996.25 |
 Nifty RealtyNIFTY REALTY | -1.00%-10.15 | 1009.55 |
 Nifty MediaNIFTY MEDIA | -1.09%-19.30 | 1743.85 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
Broader Market Performance
INDIA VIX
What Made Headlines?
ASKAUTOLTDASK Automotive formed a joint venture with T.D. Holding GMBH Germany for manufacturing sunroof control cables, with ASK holding 49% and TDH holding a 51% stake
TEXRAILTexmaco Rail & Engineering won a $62.24 million order from CAMALCO Cameroon for 560 wagons ($32.76 million) and a 20-year maintenance contract.
TATASTEELTata Steel invested $180 million (₹1,562.54 crore) in wholly-owned subsidiary T Steel Holdings Pte Ltd, part of its approved $2.5 billion funding plan for FY2025-26.
RELIANCEReliance’s subsidiary RISE Worldwide Ltd has reduced its stake in Jio BLAST eSports to 50% after allotting ₹5 crore equity to BLAST Esports Limited, making it a joint venture.
LLOYDSMELloyds Metals & Energy received environmental clearance to expand iron ore mining capacity to 55 MTPA, creating India’s largest iron ore mine with sustainable operations and beneficiation facilities.
What’s Happening Beyond Markets?
- ICRA retained India’s FY26 GDP growth forecast at 6.2%, expecting CPI inflation to cool to 3.5% and potential rate cuts in October 2025 despite geopolitical risks.
- The government approved a ₹417 crore Electronics Manufacturing Cluster in Gautam Buddha Nagar, UP, spanning 200 acres to attract ₹2,500 crore investment and create 15,000 jobs.
- India’s engineering goods exports fell 0.82% to $9.89 billion in May 2025 due to Middle East tensions, though April-May cumulative exports grew 4.77% year-on-year, according to a recent report by EEPC India.
- India’s EV growth reached 27% YoY in FY24 but lags global leaders with only 2-3% market share, though India is the fastest-growing major market, ranking 11-12th globally.
- The dollar index fell to 97, its lowest since February 2022, amid Fed rate cut expectations and reports that Trump may announce his Fed Chair pick early.
Back to Basics
Terms that put you one step ahead – every day.
What Are Non-Performing Assets (NPAs)?
When a bank gives out a loan, it expects regular repayments, just like you’d expect rent from a tenant.
An NPA is a loan or advance where the borrower has failed to make payment on the principal and interest of the loan for at least 90 days.
In simple terms, it’s a bad loan, money that’s stuck and not earning anything for the bank.
Why does it matter?
High NPAs mean more stress for the bank. The bank now has to set aside money, called provisions, to cover the possible loss. This eats into its profits and reduces its ability to give out new loans.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Indian Hotels Company Ltd. | 30 Jun 2025 | 30 Jun 2025 | Final Dividend | ₹2.25 |
| Dalmia Bharat Sugar and Industries Ltd. | 30 Jun 2025 | 30 Jun 2025 | Final Dividend | ₹1.50 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
Disclaimer and Disclosure
PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226.
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