On July 3, keep an eye on the following stocks: Nykaa, RVNL, Nestle, Yes Bank, Dmart, and PNB

Market Overview

Markets continued to consolidate on Tuesday amid global uncertainty and ahead of Q1 results. Attention is now shifting to company-specific updates and the evolving India–US trade discussions.

---

Key Stocks to Watch on Wednesday (Impacting Thursday Trading)

• Nykaa (FSN E-Commerce Ventures)
  Early investors Harindarpal and Indra Banga are set to offload shares worth up to ₹1,200 crore via block deal. Likely pressure on stock price due to supply overhang.

• Motilal Oswal Financial Services
  AMC arm crossed ₹1.5 lakh crore in AUM — a bullish signal reflecting strong investor confidence.

• RVNL (Rail Vikas Nigam Ltd.)
  Appointed Chandan Kumar Verma as CFO (effective July 2). Stability in leadership likely viewed positively.

• SpiceJet
  Minor in-flight window issue reported with no safety concerns. Limited market impact unless regulatory follow-up emerges.

• DMart (Avenue Supermarts)
  Q1 standalone revenue rose 16% YoY to ₹15,932 crore, indicating resilient demand. Positive for stock sentiment.

• Nestlé India
  Invested ₹105 crore to expand Maggi production in Gujarat, signaling robust demand and capacity expansion.

• Yes Bank
  Pankaj Sharma resigned as Chief Strategy and Transformation Officer. Slightly negative if market sees it as instability in leadership.

• PNB Housing Finance
  Plans to raise up to ₹10,000 crore via NCDs. Positive for funding flexibility but could raise leverage concerns.

• Voltas
  Received GST notice worth ₹265.25 crore (FY19–21). Negative overhang likely until resolved, especially as it involves a merged entity.

• PNB (Punjab National Bank)
  Posted strong business growth: global business up 11.6%, deposits up 12.8%, advances up 9.9%. Positive momentum in banking sector.

• Indian Bank
  Q1 total business up 10.2% YoY to ₹13.44 lakh crore. Strong operational metrics may support the stock.

---

Outlook:

While broader indices may remain rangebound, stock-specific movements are likely to dominate based on these developments. Watch for volatility in Nykaa, Voltas, and DMart, while PSU banks may see renewed buying interest.