Good morning
Vande mataram
*Rudra Shares – Financial Market Wrap**
Date: Saturday, 31 May 2025
*Equity Market Buzz*
* Muthoot Finance witnessed a sharp rise in its stock price after government support measures for small gold loan borrowers.
* Metal stocks including Vedanta and Tata Steel took a hit as US-China tariff negotiations saw a pause.
* Bajaj Auto's electric vehicle production faces disruption from July as China tightens exports of rare earth magnets.
* The Scoda Tubes IPO concluded with 54 times oversubscription, driven by strong demand from Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs).
* Stock exchanges NSE and BSE are competing to enhance co-location infrastructure amid a surge in trading demand.
* Aegis Vopak Terminals shares are set to list on Monday.
*Policy, Regulation & Governance*
* SEBI and stock exchanges are in talks to overhaul the rules for market makers in SME IPOs.
* India may exempt the Saudi sovereign wealth fund from standard foreign portfolio investment norms, according to reports.
* Leading EV players Tata and Mahindra are reportedly urging the government to exclude hybrid vehicles from official procurement programs.
* A Supreme Court verdict may increase the tax burden on OTT platforms and online gaming companies.
* Patanjali Ayurved is under investigation by the Ministry of Corporate Affairs (MCA) for alleged company law violations.
*Corporate Moves & Capital Flows*
* The IRB Infrastructure board has approved the transfer of assets worth ₹8,450 crore.
* Shapoorji Group secured a \$3.4 billion funding deal led by Deutsche Bank — the largest ever for the conglomerate.
* Vodafone Idea reported a quarterly loss of ₹7,166 crore and plans to raise ₹20,000 crore to address its financial challenges.
* Apollo Hospitals has announced an investment of ₹6,000 crore to add 4,300 beds across India.
* The NCLAT has stayed the proposed demerger of Vedanta's power business.
* BNP Paribas sold ₹502 crore worth of shares in Nykaa and later bought ₹1,484 crore worth in Eternal.
*Sectoral & Market Trends*
* Investments in Gold ETFs jumped 170% despite a general drop in physical demand.
* Analysts expect the Nifty index to remain range-bound with limited near-term upside.
* Early monsoon, declining inflation, and potential tax cuts could provide a boost to consumption trends.
* According to the RBI, interest rate transmission by NBFCs to end consumers is weaker than that of banks.
* Bank lending has seen a moderation across sectors, as per the central bank’s latest data.
*Trade, Economy & Global Insights*
* The Indian government has extended the duty-free import window for yellow peas.
* Promoters offloading their stakes is becoming a bigger concern than FII outflows, warns market expert Sabharwal.
* While India remains the most attractive investment destination in Asia, employment growth and structural reforms remain key.
* Donald Trump has announced his intent to raise US steel tariffs to 50%.
* Amid the “Magnet-tude” supply crisis, Indian automotive industry representatives have rushed to China to secure rare earth metals.
Jai Hind
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