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Japan s Nikkei climbed on Friday, buoyed by a weaker yen and futures demand ahead of special quotation price fixings, despite a projected weekly loss. Chip stocks and automakers like Honda and Nissan saw gains. Mercari and Oriental Land led percentage increases. Conversely, Panasonic declined following Tesla s share plunge.

V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.

Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani s cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.

Ashoka Buildcon shares: The project, with an estimated value of Rs 1,387.19 crore, entails the design, deployment, operation, and upkeep of the Intelligent Traffic Management System (ITMS) across Nagpur, Mumbai, Pune, Marathwada, and the Konkan & Western Maharashtra regions.

JSW Energy has commissioned 281 MW of renewable capacity, boosting its total to 12,499 MW. The company s subsidiary also signed a 25-year PPA with Adani Electricity for a 250 MW wind project. These developments support JSW’s push toward 30 GW capacity and carbon neutrality by 2050.

Praj Industries shares: Through this strategic partnership, Praj will contribute to the development, evaluation, and step-by-step implementation of the biorefinery, which is designed to produce ethanol along with co-products including distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).

The NCLT directed three aircraft lessors of SpiceJet to furnish a valid Power of Attorney by July 3. The directive follows insolvency pleas over Rs 77 crore in alleged defaults. The airline contested the outdated authorisation, prompting the tribunal to grant time for revised submissions.

Despite the Union Budget s focus on consumption, capital goods stocks have significantly outperformed, with the BSE Capital Goods Index soaring 10%. This rally, fueled by strong order pipelines and high manufacturing capacity utilization, has added Rs 1.85 lakh crore in market value. Experts suggest this capex revival is a multi-year phenomenon, driven by government initiatives and healthy corporate balance sheets.

Indian benchmark indices Sensex and Nifty traded lower on Thursday ahead of the RBI MPC meet outcome. Banking, finance, and auto sectors contributed to the decline. This happened before the Reserve Bank of India s policy announcement. The RBI is expected to cut rates. Some stocks like Ashoka Buildcon saw gains. Other sectors showed mixed performance in early trading.

Dr. Reddy’s Laboratories has partnered with global biotech firm Alvotech to co-develop and commercialize a biosimilar of Keytruda (pembrolizumab), an immunotherapy drug with $29.5 billion in global sales in 2024. The collaboration aims to leverage Alvotech’s R&D strengths and Dr. Reddy’s commercial reach to tap into the fast-growing oncology biosimilars segment and expand global market presence.