Newsletter
Samsung’s healthcare play, Shein’s IPO and India's LPG pivot.
🗓 Morning, folks!
The markets pulled off a sharp comeback in the final hour, with optimism brewing around a potential US-India mini trade deal. Both the Sensex & Nifty closed near the day’s highs.
Financials led the charge, with Nifty Bank ending in the green. Among the gainers, IT, real estate, & media stocks also joined the party.
But it wasn’t all cheer, pharma, FMCG, and PSU banking stocks stayed under pressure, capping broader gains.
💡 Spotlight: U.S. President Donald Trump just dropped fresh tariffs, 25% on imports from Japan and South Korea, with more countries joining the list on August 1. Automobiles will face a blanket 25% global levy, while steel and aluminum duties are set to double to 50%.
Meanwhile, India’s textile sector is enjoying a surprise tailwind. The U.S. slapped a 35% tariff on Bangladeshi goods, while keeping Indian textiles at 26%. That’s boosted Indian competitiveness, and stock prices. Trump also hinted that India’s “decent offer” for a trade deal is under review, keeping investors on edge ahead of the July 9 deadline.
Let’s hit it!
1 Big thing: MCX powers up electricity futures ⚡
MCX, India’s largest commodity derivatives exchange, is set to debut electricity futures on July 10, marking its first foray into power contracts.
MCX is Multi Commodity Exchange of India & it is country’s largest commodity derivatives exchange, where people trade contracts for metals, energy, and agri products.
Electricity futures are contracts that let buyers and sellers lock in power prices in advance to avoid future price shocks.
Worth noting: MCX will beat NSE to the punch by a day, NSE plans to launch its own electricity futures on July 11.
What’s going on: MCX is expanding its commodity portfolio to meet the rising demand for power price risk tools. Electricity price swings are driven by fuel costs, weather shifts, peak loads, and festival seasons making a futures contract a timely addition.
The roll out will cover all 12 calendar months, with initial trading open for the current and next three months. Each contract is for 50 MWh, settled in cash based on average spot prices at IEX.
Big theme: power markets in India are getting more volatile, and this move gives generators, discoms, industries, and investors a much-needed tool to hedge risk and boost transparency. For MCX, it’s also a timely expansion into a growing energy economy.
2. Samsung deepens healthcare push with Xealth 🏥
Samsung has signed an agreement to acquire Xealth, a U.S.-based digital health integration platform.
Xealth enables care providers to prescribe, manage, and personalise digital health tools and content, connecting more than 500 hospitals across the U.S. with their patients.
The play: Samsung plans to plug Xealth into its wearables ecosystem, combining clinical tools with real-time health tracking. Think ECGs and body composition sensors meeting remote monitoring and digital prescriptions.
The big picture: healthcare is now one of Samsung’s key growth bets, alongside consumer audio, HVAC, and robotics. With this move, it joins the ranks of Apple and Google in trying to turn your wrist into a medical dashboard.
Why it matters: digital health is one of the biggest long-term tech frontiers—and with Xealth, Samsung gets a direct shot at owning both the hardware and the hospital backend.
While we are on deals,
Nectar Lifesciences shares plunged 20% after the company announced selling its core business division to Ceph Lifesciences for ₹1,270 crore.
The deets: Nectar makes APIs and formulations, supplying to global pharma players. The deal hands over its main operating division to Ceph, a newer player aiming to scale up in India’s crowded generics space.
Why it matters: for Nectar, it’s a strategic exit from a high-volume, low-margin segment that’s been under pressure due to Chinese price competition. The move frees up capital and focus for higher-margin, innovation-led bets.
Zoom out: India’s pharma sector is going through a reset, with consolidation rising and players shifting away from commoditised APIs toward differentiated products and specialty chemicals.
3. Stocks that kept us interested 🚀
1. Refex bags GENCO's ₹250 crore ash deal 🧱
Refex Industries stock rose more than 2% after bagging an order worth ₹250 crore for handling and managing ash systems every day.
Fly ash is a byproduct of coal-based power plants.
Refex Industries provides clean energy solutions and handles industrial services like refrigerant gases and power plant ash management.
The deets: the contract is for daily handling of fly ash, pond ash, and hydrobin ash, as well as full upkeep and spares management of the ash handling system.
Why it matters: Refex is known for its eco-friendly refrigerant gas business, has been steadily expanding into industrial services. This ash disposal and maintenance order marks a clear step in that direction. By taking on critical operations at power plants, Refex is diversifying its revenue streams and building expertise beyond gases.
Zoom out:, India produces over 200 million tonnes of fly ash every year. Managing this ash is a big challenge for power utilities, as it needs to be safely collected, transported, and either disposed of or reused in things like cement and road construction.
2. JSW lands ₹740 crore port project 🚢
JSW Infrastructure bags a project worth ₹740 crore to rebuild and upgrade key container berths in Kolkata. The stock ended more than 2% following the update.
Container berths are the backbone of cargo movement at ports, they’re where containers are loaded and unloaded from ships.
The project will follow the Design, Build, Finance, Operate, and Transfer (DBFOT) model under the port privatisation initiative.
Big theme: modernising container berths with better cranes, automation, and handling systems helps ports move cargo faster, reduce turnaround time, and handle higher volumes.
With India’s trade and logistics needs growing fast, upgrading key container berths is crucial to support smoother supply chains and reduce congestion at ports. This also opens up more business for private players like JSW Infra who bring efficiency and capital to the table.
4. Story in data: Promoter dump 📊
India’s top shareholders, aka promoters, are selling their stakes in listed companies at a record pace. In just the first six months of 2025, they’ve already sold shares worth $7.1 billion in Nifty 500 stocks.
That’s more than half of last year’s total.
Why? Stock prices are near all-time highs, and investors (like mutual funds and FIIs) are eager to buy. So promoters are using block deals, big, one-shot trades, to quietly offload shares without spooking the market.
If the trend continues, 2025 could be the biggest promoter sell-off year ever.
What else are we snackin’ 🍿
👗 Hong Kong listing: Shein files for IPO in Hong Kong after delays in US and UK listings.
🌋 Geothermal debut: India to kick off its first commercial geothermal power project, tapping heat from beneath the Earth’s surface for clean energy.
🔥 LPG Pivot: India will source 10% of its cooking gas imports from the US starting 2026, diversifying away from West Asia and tightening trade ties with Washington.
That’s a wrap! Don’t let the weekday blues get to you.
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