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Stocks to buy: Tech analyst picks Astra Microwave, Jay Bharat, Welspun Corp
Stocks to Buy: Choice Broking Weekly Recommendations, Aakash Shah recommends buy on Welspun Corp, Astra Microwave Products and Jay Bharat Maruti.
Gold and silver slide: Why traders expect more volatility ahead
Gold and silver prices fall as investors weigh easing West Asia tensions, strong US dollar, rising oil and expectations of tighter US Federal Reserve policy.
Crude oil prices rise amid escalating US-Iran war, supply fears; Brent above $70 per barrel
US-Iran war: international benchmark Brent crude gained 0.36% to trade at $72.25 a barrel. Meanwhile, US benchmark West Texas Intermediate (WTI) crude futures rose 0.71% to $69.72 a barrel on Monday.
Oil Prices On June 29: Brent Crude Hovers Near $73 As US, Iran Agree To Halt Attacks
Brent crude rose as much as 1.9% to $73.39 a barrel before trimming some gains, while West Texas Intermediate traded near $70 a barrel.
Oil prices increase as US-Iran agree to halt attacks post flare-up
Brent was up 1.9% at $73.39 a barrel, before it paired some gains. Meanwhile, the West Texas Intermediate was close to $70 a barrel.
Asian stocks fall, oil prices rise on US-Iran talks
South Korea's Kospi index was down 3% while Japan's Nikkei 225 was down 1%.
Foreign outflows thin down on healthier cues in June
Overseas investors significantly reduced their selling of Indian equities in June, with outflows nearing December 2025 lows. Easing crude oil prices and receding geopolitical tensions, particularly following an initial US-Iran agreement, improved market sentiment. While foreign portfolio investors have been net sellers year-to-date, domestic investors continue their strong buying streak, providing a crucial support to the market.
Persistent's Nagarro deal could be a near-term pain for long-term gain
Persistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategically beneficial long-term, the deal, funded by debt, faces short-term pressure due to Nagarro's decelerating growth and a high acquisition price. Persistent must now focus on boosting combined revenue without sacrificing profitability, a key challenge ahead.
Record Date Alert: Bajaj Finance, M&M, Gujarat Gas, Teamlease among corporate actions for the week
A whole host of companies, ranging from Bajaj Finance, Mahindra & Mahindra, Kajaria Ceramics, Teamlease Services, Gujarat Gas, among others will witness corporate actions taking place this week for their respective announcements made earlier. These announcements pertain to the final dividends, share buybacks, and even spin-offs. Here's a list of such companies:
Repeated crises reaffirm role of PSU oil firms
During national emergencies such as floods and the recent pandemic, India's state-run oil companies have shown their crucial importance by ensuring a steady fuel supply. Even amid previous privatization debates and criticisms, these public sector firms have remained essential to maintaining energy stability.
Hormuz traffic eases; Iran revives crude supply pitch to India
Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.
Households rush to cash out old gold amid fears of a crash
Indian households are cashing in on high gold prices, selling nearly 50 tonnes of old jewellery in the last quarter, a 43% jump year-on-year. Fearing a price drop from ₹1.4 lakh to ₹1.2 lakh per 10 gm, consumers are opting for cash over new ornaments. This trend fuels the organised gold recycling industry, bringing idle gold back into circulation and reducing import reliance.