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India-UK FTA to boost textile exporters; Arvind, KPR Mill, SP Apparels in focus: Elara Capital
Prerna Jhunjhunwala, Vice President Equity Research at Elara Capital, said the India-UK Free Trade Agreement removes a key disadvantage for Indian textile exporters by eliminating import tariffs. She expects companies with existing UK exposure, including SP Apparels, KPR Mill, Wellspun Living and Indo Count, to benefit. Elara Capital also sees Arvind Ltd as a top pick, citing growth opportunities in technical textiles and expanding garment exports.
COMEX gold, silver weaken after Fed rate pause; inflation concerns remain in focus
Gold and silver prices fall as the US Federal Reserve holds rates steady, cautious outlook and stronger dollar weigh on bullion, markets eye next Fed move.
I Squared, US DFC to set up $3 billion energy infrastructure platform in Asia
I Squared Capital and the US International Development Finance Corporation are partnering. They will create a three billion dollar investment platform. This platform will focus on energy infrastructure in South and Southeast Asia. The goal is to boost energy connectivity with the Indo-Pacific region. It will support US LNG and energy exports.
Blue Star: Nirmal Bang Maintains Buy on Strong Fundamentals, Long-Term Growth Drivers— Check Target Price
Blue Star's shares are likely to be in focus after Nirmal Bang reiterated its Buy' rating on the stock, citing strong fundamentals and long-term growth visibility.
GIC share price in focus as OFS for non-retail investors opens today. Issue size, price, discount, other key details - Mint
GIC share price in focus as OFS for non-retail investors opens today. Issue size, price, discount, other key detailsMint
GIC shares in focus as OFS opens for non-retail investors today — Check issue size, discount
With this OFS, the Centre's divestment collections are set to cross ₹15,000 crore within a month. Prior to this, the government's disinvestment drive included Coal India, Central Bank of India, NLC India and NHPC.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends gains further to 300 pts; Vedanta in focus
Sensex Today | Stock Market LIVE Updates: The peace deal, and the resultant fall in oil prices brings OMCs, IndiGo, the currency and all the stocks exposed to West Asia back in focus. A fall in the US Dollar index will also bring Metals in the spotlight, a sector that underperformed last week.
Utkal Speciality Industries India IPO booked 1.26x so far on first bidding day. Check GMP, issue details
Utkal Speciality Industries India IPO started on 10 June, offering shares at ₹62-66. The firm reported notable revenue growth and intends to use funds for expansion and debt reduction, with a significant focus on retail participation during the offering period.
India Restricts Sale Of High-Speed Diesel, Motor Spirit At Retail Outlets For 90 Days
Shares of oil marketing companies including Bharat Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. could be in focus following the development.
Dollar index renews momentum; US PPI data awaited
The dollar index is edging closer to 100 on Thursday, lingering near its highest levels in two months amid fresh US attacks over Iran and as US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs. May US inflation accelerated at its fastest pace in over three years due to surging energy costs, though the data matched expectations. Market focus now turns to the upcoming release of May's Producer Price Index (PPI) and Initial Jobless Claims. The yield on the US 10-year Treasury note steadied around 4.55% on Thursday awaiting fresh US economic data for further clues on the Federal Reserves policy outlook.
Stocks to Watch today: Lenskart, ZEEL, REC, PFC, Eternal, Airtel and more
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.
Asian markets slump after latest escalation between US and Iran leads to oil spike
Asian stocks and tech shares fell after US strikes on Iran, oil rose, the dollar strengthened, defensive S&P 500 sectors gained, and focus turns to the US inflation report