Today's stock market movements could be influenced by several broad global and domestic indicators. Firstly, the recent tariff deal between US President Donald Trump and Vietnam is expected to have a positive impact on the global trade environment.
The direction of the Indian stock market on July 3rd will be determined by several key factors. Signals from the US, European, and Asian markets, the movement of the dollar, activities of foreign investors, and crude oil prices can influence investors' strategies. Additionally, fresh news related to certain specific companies could bring their shares into focus.
GIFT Nifty indicates a slight increase
At 7:25 AM, the GIFT Nifty futures were trading at 25,572, up 26 points, indicating a possible slightly positive start to the market today. However, the day's performance will depend on economic data and company activities.
Aurobindo Pharma receives approval for cancer drug
CuraTeQ Biologics s.r.o., a subsidiary of Aurobindo Pharma, has received marketing approval from the European Commission for Dazublys, a drug used in the treatment of HER2-positive breast and stomach cancer. Furthermore, the company has completed the merger process between Pharmacin BV and Agile Pharma BV. This move could strengthen the company's international presence.
PNB Housing awaits shareholder approval
PNB Housing Finance has presented a significant proposal in which the company intends to issue non-convertible debentures (NCDs) worth up to ₹10,000 crore. This proposal will be put to shareholders for approval at the upcoming annual general meeting. The company can raise this amount through private placement.
Voltas receives notice from GST department
Voltas Limited has received a notice from the Central GST Commissionerate, Dehradun, alleging underpayment of taxes by the company between 2018-19 and 2020-21. The notice demands a response from the company regarding taxes, interest, and penalties totaling ₹265.25 crore. Universal Comfort Products, which has merged with Voltas, lagged in tax compliance during that period.
RVNL appoints new CFO
Rail Vikas Nigam Limited (RVNL) has appointed Chandan Kumar Verma as the new Chief Financial Officer. His appointment took effect on July 2nd. He previously served as Executive Director (Finance) in the company. This change in the company is considered a significant step in terms of financial management.
Microsoft to conduct another large-scale layoff
Microsoft has announced another large-scale layoff. This time, the company is letting go of approximately 9,000 employees. Previously, in May 2025, the company eliminated 6,000 jobs. According to a company spokesperson, this step was taken to streamline internal processes and reduce costs.
Apple's manufacturing plans face setbacks
Apple's manufacturing plans in India have been hit. Foxconn, a Taiwanese company that manufactures iPhones in India, has instructed its Chinese engineers working here to return to their home country. According to sources, this step was taken under pressure from the Chinese government, and it is also obstructing the export of machines to India. This could affect the iPhone 17's assembly process in India.
Indian Overseas Bank to raise substantial capital
Indian Overseas Bank has decided to raise capital of up to ₹4,000 crore during 2025-26. This amount will be raised through options such as QIP, FPO, rights issue, or ESPS. The bank's shareholders have approved this proposal. This decision is considered important in view of the bank's development plans.
Significant changes at Pfizer
A major change has occurred in the human resources department at Pfizer. The company's Director – People Experience, Shilpi Singh, has resigned, which will take effect on August 14th. Reshma Parida has been appointed in her place as Senior Director, effective August 1st. Reshma is currently working in the same role in the Asia-Pacific, Africa, and Middle East regions.
Nestle India increases production capacity
Nestle India has started a new production line for Maggi noodles at its plant in Sanand, Gujarat. The company has invested ₹105 crore in this unit. This will increase the company's production capacity and enable it to better meet market demand.
Yes Bank Senior Officer Resigns
Pankaj Sharma, the Chief Strategy and Transformation Officer of Yes Bank, has resigned from his position. The bank has informed that he wishes to explore new opportunities outside the organization. His resignation took effect on July 2nd.
