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Buy, Sell Or Hold: L&T, Avenue Supermarts, Canara Bank, Uno Minda And Lupin — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Iran Says Eight Killed In Latest US Strikes On Bandar Abbas, Bushehr
The IRGC further claimed it had shot down a U.S. MQ-9 drone over southern Iran.
Market Pulse: Key triggers to watch before the July 9 trading session
With US President Donald Trump declaring the ceasefire with Iran over, fears of renewed conflict have pushed oil prices sharply higher and rattled global markets. A sustained rise in crude prices could weigh on Indian equities, with oil marketing companies, aviation firms and other oil-dependent sectors likely to remain in focus. The sharp sell-off on Wall Street adds to the cautious mood, while investors will also keep a close watch on Tata Consultancy Services' first-quarter earnings which may influence sentiment in the IT sector.
Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes
Russia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing shortages. Drivers are experiencing long queues at filling stations across many regions. The export ban will remain in place until the end of July. Russia plans to begin importing fuel during the month of July.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities posted their steepest single-day decline since March as rising crude prices, renewed Middle East tensions and weak global cues triggered broad-based selling. Analysts said geopolitical developments, earnings guidance and central bank decisions will shape the market’s near-term direction.
Phoenix Mills Q1 Update: Retail consumption jumps 32%; office occupancy climbs to 72%
Shares of Phoenix Mills Ltd ended at ₹2,022.15, down by ₹51.00, or 2.46%, on the BSE.
Nifty Outlook for July 9: Analysts cite 23,800 as key support amid rising global uncertainty
Amid the late-session sell-off, the Nifty slipped from an intraday high of 24,300 to a low of around 23,805, before settling near the day's low.
Government starts industry consultations on next phase of food processing PLI
The government is planning an expanded Production-Linked Incentive Scheme for the food processing sector. Consultations were held with industry stakeholders to design the next phase of fiscal support. The upcoming policy aims to boost domestic manufacturing and global competitiveness. It will focus on innovation, value addition, and farmer benefits. Working groups will address perceptions and promote the sector's growth.
Multibagger small-cap Cupid logs biggest one-day fall in 6 months; ends 3-day rally
Cupid shares fell 11% on July 8, reversing a strong 14-session winning streak. After hitting a record high of ₹226, the stock plunged to ₹197, marking its biggest single-day decline since January. Retail investors benefited significantly from its 1,416% rally over the past years.
Iran's IRGC Shares Footage Of Missile Blitzkrieg On US Bases In Bahrain, Kuwait | Watch
IRGC releases footage claiming missile and drone strikes on US military bases in Gulf states
INR tumbles sharply against US dollar as oil prices soar on renewed US-Iran tensions; Sensex, NIFTY plunge over 2%
The Indian rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. The US military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic's ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. Following the strikes, global crude oil prices rose exponentially. Brent crude, the global oil benchmark, was trading higher by 6.16 per cent at USD 78.73 per barrel in futures trade. The Indian stock market also suffered a massive crash, with the NSE Nifty 50 plunging 516.65 points (2.12%) to close at 23,882.05, while the BSE Sensex tanked 1,677.12 points (2.15%) to settle at 76,503.60.
Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra
Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.