Vedanta in Crisis: Shares Drop 8% After Viceroy’s “Ponzi” Allegations

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Today’s Market Menu

▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

⚡️ Vedanta’s Reckoning: Governance or Gamble?

When trust cracks, price follows.

Vedanta shares plunged nearly 8% on July 9 after U.S. short-seller Viceroy Research unleashed a scathing report, calling its UK parent a “parasite” draining its profitable Indian arm.

The report didn’t hold back: allegations of mounting debt, hidden liabilities, and inflated internal fees painting the structure as a Ponzi-like drain on shareholders. It also rattled Hindustan Zinc, where similar governance questions have resurfaced.

✅ Here’s why this matters especially for institutional investors and retail traders alike:

• Governance is the real moat. Strong balance sheets can be undone by weak transparency. Allegations true or not can erode billions in market value overnight.

• Debt + complexity = red flags. Investors crave simple structures when debt is high. Complex parent-subsidiary webs? They amplify suspicion fast.

• Market memory is long. Vedanta has danced with debt restructures and spin-offs before. Fresh allegations reopen old wounds.

Vedanta calls the claims “malicious misinformation,” urging focus on its growth plans and debt reduction roadmap. But a ₹420–₹400 support zone could become a litmus test: will big money stand by or quietly exit?

💬 Would you hold Vedanta here, buy the dip or wait for governance clarity? Drop your take let’s see where the smart money leans.

MARKETS

India’s markets closed slightly lower today as the Sensex dipped 176 points and the Nifty 50 slipped 46 points amid cautious profit booking. Worries over fresh U.S. tariffs on copper and tech goods weighed on metals and IT stocks, while FMCG names like HUL and Varun Beverages added some spark with steady gains. With the rupee weaker and traders waiting for key U.S. Fed cues and trade updates, investors stayed watchful and stuck to light moves across mid- and small-caps.
_{Closing figures as on 09.07.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Shriram Finance rose 1.8% on steady buying interest after reports of robust loan growth traction and positive commentary from brokerages on its retail book.

✅ Bajaj Finance gained 1.4% as upbeat sentiment around India’s retail credit cycle kept bulls active, despite broader market choppiness.

✅ Hindustan Unilever added 1.2%, acting as a safe haven as investors sought defensive FMCG plays amid tariff noise and profit-taking in cyclical sectors.

✅ Coal India advanced 1.2% on optimism around strong domestic demand and steady e-auction prices, giving the PSU stock fresh steam.

Top Losers

🔻 HCL Tech dropped about 2% as global macro worries and cautious client spending hit the entire IT pack today. Heavy volumes hint that institutional investors trimmed exposure ahead of key global economic data.

🔻 Tata Steel slid 1.8% after weak Q1 production figures combined with global metals stress, fueled by fresh U.S. copper tariff headlines.

🔻 Hindalco shed 1.7%, tracking lower base metal prices amid global trade tension. The looming U.S. tariffs on copper further dampened sentiment for aluminum and related players.

🔻 Apollo Hospitals fell 1.2% as traders booked profits following a strong run-up; some rotation was visible into FMCG defensives like HUL for the day.

INDIA FRONTIER

Everything else you need to know today

🚀 Momentum: ICICI Prudential Asset, India’s second-largest mutual fund giant, just filed for a blockbuster IPO worth nearly ₹10,000 crore (~$1.2 billion). Riding a sharp 29% profit jump and ₹9 lakh crore in assets under management, this move could redefine India’s wealth game.

⚡ Shockwave: India’s Mines Minister has sounded the alarm on America’s steep new 50% tariff on copper imports. With local copper prices already sizzling 13% higher, Delhi plans tough talks to protect industries from rising input costs.

⚖️ Balance: India is inching closer to a non-GM soybean and corn import deal with the U.S., says NITI Aayog’s Ramesh Chand. The move carefully sidesteps domestic pushback over GM crops while sweetening a broader trade pact.

💎 Diversify: HSBC’s latest affluent investor report reveals a clear pivot: wealthy Indians are doubling down on gold (up to 15%) and channeling more into hedge funds and alternative bets while trimming idle cash.

SPECIAL

📈 Retail Roars Back: India’s Mutual Fund Surge

“When the market wobbles, discipline wins.”

India’s equity mutual funds just staged a stunning comeback inflows surged 24% in June, pulling in ₹23,587 crore and snapping a five-month losing streak.

What’s remarkable is where the money went: large-, mid-, and small-caps all got fresh inflows, pushing the Nifty up ~3% with small-caps leading at +6.7%. It’s a clear signal: retail investors are leaning in, not out, despite global jitters and election-year noise.

✅ Other signals worth watching:

1️⃣ Gold ETFs glitter again. Safe-haven bets saw a 10x jump to ₹20.8 billion smart balancing while staying risk-on in equities.

2️⃣ SIPs hit new records. Systematic Investment Plans clocked ₹27,269 crore in monthly flows a fresh high that’s helping India’s mutual fund AUM touch ~₹74.4 lakh crore.

3️⃣ Resilient retail. This is a vote of confidence in India’s growth story and in disciplined, automated investing over timing the tops and bottoms.

💡 The real star here isn’t the Nifty it’s the growing army of small investors thinking long-term, one SIP at a time.

💬 Are you topping up your SIPs, tweaking your asset mix, or going heavier on gold? Drop your June strategy below let’s see where India’s smart money stands.

THE HANOOMAAN INSTITUTE

🕰️ Ramit Sethi’s Secret: Buy Back Your Freedom

What if the smartest money move isn’t saving - but spending?

Financial advisor Ramit Sethi just shared a refreshing truth: you don’t get happier by hoarding every dollar. You get happier when you buy back your time, energy, and freedom.

✅ What Ramit says to spend on - and why:

1️⃣ Buy Back Time: Delegate chores you hate. Stop spending hours returning packages or slogging through weekday meal prep. It’s not laziness it’s leverage.

2️⃣ Travel Hacks: Pay an expert to maximize your credit card points. Stress less, fly better.

3️⃣ Accountability: Hire a trainer or coach. Money on the line beats motivation alone.

4️⃣ Financial GPS: A fee-only planner shows blind spots you can’t Google.

5️⃣ Small Luxuries: Daily splurges like fresh flowers or a latte spark outsized joy. Guilt-free is the point.

💡 Smart spending isn’t wasteful it’s deliberate. You don’t need to spend mindlessly. You need to spend intentionally to create more space for what you love.

💬 What’s one thing you’d buy this month to get your freedom or joy back? Drop your “freedom purchase” below inspire someone to do the same.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Benjamin Graham and Warren Buffett
by Ethan Hunt

sales > 250 AND
Debt to equity < 0.3 AND
Interest Coverage > 4 AND
Return on equity > 15 AND
Price to Earning < Industry PE  AND
Dividend yield > 1 AND
Price to Earning < 20

Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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