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Benchmarks trade in negative terrain; media shares tumble
Going ahead, investors will closely monitor stock-specific developments, the progress of the southwest monsoon, movements in crude oil, gold and silver prices, and the inflation trajectory for further cues on market direction.
South West Pinnacle Exploration receives extension in contract from Reliance Industries
Contract value extended by Rs 166.82 cr
South West Pinnacle gains after bagging Rs 167-cr RIL contract
South West Pinnacle Exploration rose 2.80% to Rs 225.86 after the company secured a work order worth approximately Rs 166.82 crore from Reliance Industries (RIL) for providing Coal Bed Methane (CBM) production services in Madhya Pradesh.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
Mumbai Rains: Schools Shut In Thane, Kalyan-Dombivli, Palghar As IMD Issues Red Alert
Mumbai has witnessed persistent rain through the week following the delayed onset of the southwest monsoon.
Cabinet approves two highway projects for Rs 14,115 crore
The government has greenlit two major highway projects totaling Rs 14,115 crore. A 117.7 km access-controlled highway in Uttar Pradesh, designed for future expansion, will slash travel time between Kanpur and Kabrai by 58%. Additionally, an 8.1 km six-lane road tunnel in Delhi will significantly improve connectivity between West and South Delhi, minimizing disruption to the Southern Ridge Forest. These initiatives aim to boost infrastructure and facilitate efficient traffic flow.
Manufacturing PMI: Inflation pressure is receding, so is growth
Moderating crude prices, if sustained, is a relief for overall inflation and even for manufacturers. However, slow progress of the southwest monsoon could emerge as a demand headwind
Samsung Electronics, SK Hynix to invest in two new fabrication sites in South Korea, government says
Samsung Electronics and SK Hynix will each build two new chip fabs in southwest South Korea, under a national AI and semiconductor mega project led by President Lee Jae Myung
South Korea's 'mega project': Samsung, SK to invest $1.3 trillion over 10 years, says report
South Korea plans three mega projects including a southwest semiconductor hub, with huge Samsung and SK investments, to boost AI and regional growth amid political debate over Lee Jae Myung
Markets ahead: West Asia tensions, crude prices key factors to watch out
Developments on the geopolitical front, with the latest military exchanges involving the US and Iran, their impact on crude oil prices and domestic macroeconomic data announcements would dictate sentiments in the stock market this week, analysts said. Besides, trading patterns of foreign investors and progress of the southwest monsoon would also remain the key areas of focus for investors, they added. "Market participants will closely monitor Industrial Production (IIP) data, the final HSBC Manufacturing, Services and Composite PMI readings, and the foreign exchange reserves data for fresh insights into the health of the domestic economy," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Globally, the trajectory of crude oil prices and geopolitical developments in West Asia will remain key drivers of market sentiment, he said. The monthly auto sales numbers on July 1 will also be tracked by investors closely. "The week ahead is likely to be shaped by developments on the ..
Women's T20 WC 2026 Semi-Final Qualification Scenario: Seven Teams Still In Contention For Remaining 3 Places
ICC Women's T20 WC 2026: Australia, Bangladesh, India, South Africa, West Indies, Sri Lanka and New Zealand are in contention for the remaining semi-final berths.