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Profit booking led to a decline in precious metals, with gold August futures on MCX opening lower. Over the past two weeks, gold prices have decreased, while silver remained relatively flat. Traders unwound long positions ahead of the FOMC meeting minutes and concerns over Trump's tariff policies, impacting both domestic and international markets.
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News and Media
PC Jeweller shares rose 5.2% after the company announced a July 10 board meeting to consider fundraising via preferential allotment. The gain followed a sharp drop after ASM inclusion. The stock had earlier surged on strong Q1 business updates, including an 80% revenue jump and debt reduction. Technicals remain bullish, though RSI signals overbought conditions.
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News and Media
Independent Analyst Anand Tandon anticipates potential tariff implications for India. He suggests tariffs might settle between 15% and 20%. The US-UK deal is unique. Other nations may face existing tariffs. Tandon highlights textiles as a sector that could gain. This depends on competitor tariffs and US consumer spending. Overall volumes might shrink due to a potential US GDP impact.
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News and Media
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