Manufacturing and services output rises, Reliance to launch FACEGYM in India, & more

Jul 04, 2025

Markets opened above yesterday’s closing point.

Nifty 50 fell drastically in the second half of the day.

Media stocks and consumer durables stocks rose the most today. PSU bank stocks and metal stocks fell the most.

Global markets: Most US, European and Asian markets closed in green.

News

India’s composite PMI (manufacturing + services) rose to 61 in June (vs 59.3 in May). This means output grew more in June than in May. Service sector PMI rose to 60.4 (vs 58.8 in May).
The Defence Acquisition Council has approved Rs 1.05 lakh crore in acquisitions under the ‘Buy (Indian-IDDM)’ category. This means all the defence equipment (specified under the acquisition) will be indigenously designed, developed, and manufactured in the country.
Meesho has filed a Draft Red Herring Prospectus (DRHP) with SEBI through the confidential route.
Crizac IPO was subscribed 2.75 times. Retail subscription: 2.72 times. IPO closes tomorrow (4 July).

Reliance: company subsidiary, Reliance Retail, invested in UK-based FACEGYM to launch its facial fitness studios in India via Tira stores and other outlets.
Indian Overseas Bank: shareholders approved a special resolution of raising up to Rs 4,000 crore via equity instruments.
ONGC: signed a preliminary agreement with Japan’s MOL (a global shipping company) to build and operate 2 ethane carriers to supply ethane to its subsidiary, OPaL.
Tata Power: company subsidiary, Tata Power Renewable, commissioned 752 MW of solar projects in the April-June period.

Offer-for-Sale (OFS)

It is a way using which the main shareholders (promoters) of a company can sell their shares to the public.

In OFS, no new shares are issued.

It can be a part of a company's IPO along with fresh shares. It can also take place after a company is listed, through the stock exchange.

OFS reduces promoters' stake in the company.

Not just private companies, even the government uses OFS to sell a part of their holdings in public companies.

Theme: FIRE
Day 4: Thursday

What are the risks with FIRE?

The first risk is not saving enough. If your withdrawal rate is too high, one high expense can ruin your plans.

Something like a medical emergency, unplanned repairs of the house, etc.

On a similar note, a few years of unexpectedly high inflation can impact investments disproportionately.

Inflation can and does spike up and down from time to time.

So if the upward spike lasts long enough, FIRE investors’ plans can be greatly impacted.

This holds true for certain kinds of investments too — like equity investments and real estate investments.

Returns are never consistent and can be different from year to year.

A few bad years can end up effectively wiping out your savings if you have not balanced it across different kinds of investments.

Q. “Not a question but they have raised the ltcg limit to 1.25 lakh and ppl often confuse it with total amount but it accounts for profit only”

Yes, the LTCG tax limit has been raised to Rs 1.25 lakh for equity investments.

This means, that for all profits or gains from shares and equity mutual funds, the limit is Rs 1.25 lakh.

If in a year your total equity profit is up to Rs 1.25 lakh, you owe Rs 0 capital gains tax.

You still have to file and show this when filing your returns.

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