₹52,000 Cr Defence Investment; HDFC Bank’s Business Update & More!
- Share.Market
- 0 min read
- 06 Jul 2026
Sensex and Nifty extended their winning streak to a fourth consecutive session. HDFC Bank, Reliance Industries, ICICI Bank and Mahindra & Mahindra emerged as the biggest contributors to the Nifty 50’s gains. Realty and auto were the top-performing sectoral indices, while the Nifty IT index snapped its two-session winning streak.
Today’s Top News from the Indian Share Market
PARASShares of defence companies were in demand after the Defence Acquisition Council (DAC) accorded Acceptance of Necessity (AoN) worth ₹52,000 crore to strengthen the combat capabilities of the armed forces.
SHAKTIPUMPShakti Pumps (India) has received a Letter of Empanelment worth around ₹353.89 crore (inclusive of GST) from Maharashtra State Electricity Distribution Company (MSEDCL) for 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana. The order is to be executed within 60 days from the issuance of work order.
HDFCBANKHDFC Bank’s average deposits were ₹30,114 billion for the June 2026 quarter, a growth of around 13.3% over ₹26,576 billion for the corresponding June 2025 period. The bank’s average CASA deposits were ₹9,570 billion for the June 2026 quarter, a growth of around 11.2% over ₹8,604 billion for the corresponding June 2025 period. Further, its average time deposits were ₹20,544 billion for the June 2026 quarter, a growth of around 14.3% over ₹17,972 billion for the corresponding June 2025 period.
BPCLBharat Petroleum Corporation’s (BPCL) indirect wholly owned subsidiary – BPRL Ventures BV has acquired 39.14% stake in IBV Brasil Petroleo Limitada (IBV) for a consideration of ₹2,312 crore. Post this acquisition, the BPRL Ventures BV’s shareholding in IBV has increased from 60.86% to 100%.
TITAGARHThe company has entered into a Strategic Collaboration Agreement with TuTr Hyperloop, a technology company specialising in Hyperloop propulsion and advanced mobility technologies. Together, the two companies will evaluate, design, develop, integrate and explore the commercialisation of high-speed, energy-efficient freight transportation systems aligned with future logistics and infrastructure needs.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 03 Jul 2026 | 1,355.33 | -1,953.89 |
| 02 July 2026 | -311.82 | 1,784.40 |
| 01 July 2026 | -1,140.50 | 3,159.24 |
| Month-to-Date | -1,452.32 | 4,943.64 |
What’s Happening Beyond Markets?
- With an aim to ensure a secure and predictable investment climate between the India and Israel, the Finance Ministry has said that the India-Israel Bilateral Investment Agreement (BIA) came into force on July 4. 2026. The pact, which provides protection for two-way investments, is likely to boost cross-border investment activity. India and Israel had signed the agreement on September 8, 2025.
- Federation of Automobile Dealers Associations (FADA) has said that India’s total automobile retail sales surged 21.83% year-on-year to 25,57,234 units in June 2026 as compared with 20,98,996 units in the corresponding month last year, led by strong demand across segments. Passenger vehicles (PV) emerged as the strongest-performing segment, with retail sales surging 28.63% year-on-year to 4,10,853 units in June 2026 from 3,19,412 units a year earlier.
- Commerce and Industry Minister Piyush Goyal has said that India is targeting an ambitious 16-17 percent growth in merchandise exports to about $530 billion in the current fiscal year (FY27). He said that the services sector is aiming for 11 percent growth to about $470 billion during FY27.
- With the aim to deepen economic ties and strengthen bilateral trade, India and France have agreed to enhance cooperation in critical minerals, investment, and financial connectivity. The decision was taken during the India-France Economic and Financial Dialogue (EFD) held in Aix-en-Provence, which was co-chaired by Finance Minister Nirmala Sitharaman and her French counterpart, Roland Lescure. Sitharaman is on a four-day official visit to France, which began on July 1, 2026.
Back to Basics
Terms that put you one step ahead – every day
Non-Current Assets
When you examine a company’s balance sheet, the first section under assets reveals its long-term commitments: land, machinery, patents, and investments. These non-current assets represent resources that support operations and create value over the long term, distinguishing them from cash, inventory, and other current assets that are expected to be realised within the company’s normal operating cycle or within 12 months from the reporting date, as applicable.
For equity investors evaluating fundamentals, understanding non-current assets meaning clarifies how companies deploy capital over time. Read More.
Thirsty Chips, Flowing Profits: The AI Trend Nobody is Talking About
When we talk about the Artificial Intelligence (AI) boom, the conversation usually goes like this: “Nvidia is making billions selling advanced chips!” or “AI data centers are going to crash the electricity grid!”
It makes sense. AI requires massive computing power, and computing power requires insane amounts of electricity. But there is a silent, third ingredient that the market completely ignored until recently. A resource so basic, you probably have a glass of it on your desk right now.
We are talking about water.
Over the past month, a sudden realization of AI’s unquenchable thirst has sent Indian water infrastructure stocks on an absolute tear.
Why is a digital brain making water companies rich? Let’s break it down.
IPO Corner: Mainboard
Upcoming IPOs
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Kusumgar Ltd | 8 to 10 Jul, 2026 | ₹650.00 Cr | ₹398 to ₹419 per share | ₹13,930 |
| Laser Power & Infra Ltd | 9 to 13 Jul, 2026 | ₹742 Cr | ₹203 to ₹214 | ₹14,210 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| RPG Life Sciences Ltd. | 09 Jul 2026 | 09 Jul 2026 | Dividend | ₹24.00 |
| Sheela Foam Ltd. | 09 Jul 2026 | 09 Jul 2026 | Dividend | ₹1.00 |
| Titan Company Ltd. | 09 Jul 2026 | 09 Jul 2026 | Dividend | ₹15.00 |
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 to cut through the noise, so you can focus on investing intelligently.
