At the current interest rate of 7.5%, the invested amount doubles after 115 months, or 9 years and 7 months. Although the investment remains locked in until maturity, premature closure is allowed under specific conditions.

Microsoft announced significant job cuts affecting approximately 4,800 employees globally. The Xbox gaming division will experience the deepest reductions, with around 3,200 roles eliminated. This restructuring follows substantial investments in gaming, including the Activision Blizzard acquisition.

Bank holidays in July: SBI, HDFC, ICICI to be closed for 12 days this month on occassion of MHIP Day, Rath Yatra, Harela, Kharchi Pooja and the weekend Saturday and Sunday leaves. You can check the full RBI calendar here…

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

Batra founded the exchange4media Group more than 26 years ago.

The CBI probe stems from Ministry of Defence complaints over alleged fake labour payments and financial irregularities in Border Roads Organisation projects in Ladakh.

NDTV Profit had first reported the approval; Temasek-backed hospital chain targets July-end market debut.

Baramati MP urges the Maharashtra government to permit remote work for IT employees as heavy rain, waterlogging and traffic disruptions cripple normal life across the state

The allegation surfaced earlier this year after some female employees at a BPO unit in Nashik affiliated with TCS accused coworkers and managers of sexual harassment, sexual assault, and coercion related to religious conversion

Saudi Arabia has long been the custodian of the global oil market, boosting or reducing output when it has seen the need to do so.

The report said more than 98% of the issuances during the quarter were originated by non-banking financial companies (NBFCs).

Trent reported 19% year-on-year standalone revenue growth to Rs 5,666 crore in Q1FY27, driven by rapid Zudio expansion. The retailer ended June with 1,312 stores, including 982 Zudio outlets, reinforcing its strong value-fashion growth strategy despite intense competition.

The rupee weakened 20 paise to a three-week low of 95.39 against the dollar on Monday. Higher dollar demand, fresh arbitrage activity between onshore and offshore markets, and a stronger dollar index put pressure on the Indian currency.

The issue consists of a base offer wherein the government will offload 2.52% stake.

SK Hynix has launched a US share sale targeting about $28 billion through a Nasdaq listing, capitalising on AI-driven investor demand. The proceeds will fund semiconductor expansion, while the offering tests global appetite for high-growth AI infrastructure and chip companies.

Retail network expands to 3,806 stores as watches, eyewear and emerging businesses maintain healthy momentum.

Developed by researchers at Peking University and the Chinese Academy of Sciences, the brain chip uses memristors to enable faster brain modelling for medical applications.

To avoid the crowds and check-in lines, the airport has encouraged its visitors to arrive at least three hours prior to the planned departure.

Income-tax returns: Today we explain what ITR assisted filing is, who is allowed to assist, who is considered authorised representative, the requirements and eligibility criteria and other important factors.

Tata Group retailer reports strong first-quarter sales growth, taking its nationwide store count to 1,312 amid sustained expansion of Westside and Zudio.

Morgan Stanley has recommended a strategic pivot in market investments, directing attention from semiconductor stocks to AI-based giants such as Alphabet and Amazon. This shift is fueled by expectations of reduced rate hikes and a decline in oil prices, which favor sectors like consumer discretionary, transport, and biotech. As major players invest significantly in AI infrastructure, investors are seeking tangible outcomes, potentially signaling a downturn for chip stocks.

Major chipmakers like Micron Technology Inc. and Advanced Micro Devices Inc. surged within minutes of the opening bell.

According to Prime Database data, corporates raised Rs 2.53 lakh crore through CPs in June, up 84.6% from Rs 1.37 lakh crore in May.

USA-STOCKS/ (URGENT)US STOCKS SNAPSHOT-Wall St opens higher as chip shares recover

U.S. markets were mixed, with the S&P 500 and Nasdaq rising on a rebound in chip stocks, while the Dow slipped after briefly hitting a record. Investors are focused on upcoming Fed minutes and the start of earnings season, while easing rate hike expectations and broader sector strength supported sentiment.

Extended deal through 2031 strengthens long-term revenue visibility; stock gains in pre-market.

Authorities have not announced a holiday yet, despite widespread rain-related disruption across the Mumbai Metropolitan Region.

WhatsApp will show whether a first-time sender is a new account, contact, mutual group member or from another country before users respond.

The proposed offering comprises a fresh issue of equity shares worth Rs. 150 crore and an offer for sale of up to 2.84 crore equity shares by existing shareholders.

From simple chocolate bars and rich cakes to creamy hot chocolate and handmade truffles, people celebrate the World Chocolate day in the most delicious way possible.

Rentomojo, an innovative online rental platform specializing in furniture and appliances, has received approval from Sebi for its Initial Public Offering (IPO). Aiming to raise up to Rs 150 crore through new equity and an Offer for Sale by current shareholders, the proceeds will support loan repayments, warehouse rentals, and overall business operations. With a strong subscriber base and diverse product offerings in various cities, Rentomojo is poised for growth.

Israeli PM dismisses speculation of a rift with US President, says bilateral ties remain strong.

Nithin Kamath said Zerodha’s culture stems from deliberate choices, including staying small, avoiding revenue targets and prioritising employee well-being over growth. He stressed patient hiring, learning from mistakes and resisting incentives that encourage excessive customer trading or employee burnout.

Paper finds direct benefit transfers improved savings while driving higher spending on healthcare, education and lifestyle needs.

Messi, Mbappe and Haaland are level on seven goals, while Harry Kane and Jude Bellingham remain in contention as the race for the FIFA World Cup 2026 Golden Boot intensifies.

A ₹14.65 lakh CTC does not necessarily mean you have to pay income tax under the new tax regime. With the right salary structure, employer contributions to EPF and NPS, and the standard deduction, your taxable income can be brought down to ₹11.99 lakh, making you eligible for zero tax liability.

Sebi issued an administrative warning to Reliance Industries after finding two employees and a relative traded while possessing unpublished price-sensitive information. The regulator flagged compliance lapses, but imposed no financial or operational restrictions, with Reliance promising corrective measures to strengthen monitoring.

Indian government bond yields continued their downward trend on Monday, boosted by improving monsoon rains and consistent foreign investment. The benchmark 10-year yield closed below a significant technical level, signaling potential for further gains. Overseas investors have been actively buying Indian bonds, attracted by measures to support currency inflows. Meanwhile, domestic swap rates also eased as monsoon concerns lessened and the likelihood of a domestic rate hike diminished.

Other tech companies like Oracle Corp. and Marvell Technology Inc. also gained 3% and 3.48% and rose to $145 and $253.79, respectively. The recovery is significant for Marvell as it ended nearly 10% lower in the previous trading session.

Indian Rupee declined as the U.S. dollar firmed up, as markets continue to price in one rate hike this year.

In four trading days, the BSE benchmark has jumped 2.36%, and the Nifty surged 564.6 points, or 2.36%

Payroll rules are changing in India as EPF vs labour codes reshape salary structures and PF calculations. While basic pay norms rise, EPF contributions remain capped at ₹1,800, impacting take-home pay and retirement planning choices.

The new scheme came into effect on June 29 and is focused on improving digital compliance, administrative efficiency, account portability, etc. for the EPFO members.

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

After allegedly committing the crime, the accused fled and remained absconding for over a month before being apprehended by the Gurugram Police.

Extension aims to help ministries complete workforce data submission as the 8th Pay Commission continues its preliminary exercise.

While stacking policies was once the ultimate cost-saving hack for medical emergencies, a shifting market has quietly changed the math for policyholders.

Investor says averaging down and ignoring stop-losses erased Rs 57 lakh in TCS, Infosys bets.

Six BSE 100 stocks, including Cholamandalam Investment, IndusInd Bank and Lupin, touched fresh 52-week highs as the Sensex climbed 521 points. The milestone reflects strong buying interest, positive momentum and growing investor confidence amid the broader market rally.

Tesla has opened its first Destination Charging station in Delhi at Nexus Select CITYWALK, expanding its EV charging network as it continues to grow its presence in India.

The 8th pay commission has multiple state visits and other meetings scheduled in July 2026, with plans for more consultations with employee groups, unions and stakeholders across states and union territories in due course.

Binance highlighted how eligible users gained exposure to SpaceX before, during and after its record IPO through pre-IPO perpetuals, direct stock trading and tokenised bStocks. The exchange said the multi-stage approach drove strong trading volumes, liquidity and investor participation across different asset classes.

At the interbank foreign exchange market, the rupee opened at 95.25 against the American currency and traded in a range of 95.22-95.48 during the session.

Tesla has sold 468 vehicles in India since entering the market in July last year.

Manish Chourasia from Tata Cleantech Capital Ltd. has been hired to lead the new company.

Backed by Temasek, Zomato and Accel, Cult.fit plans a mixed fresh issue and OFS, while also exploring a pre-IPO fundraising ahead of its SEBI filing.

The incident, which took place in the Qalandiya refugee camp, was being "viewed seriously" by police, who announced that the officer would be suspended and a disciplinary decision would follow after a full investigation.

35 year old resident doctor found dead inside duty room, suicide note and personal diary recovered from scene

Nirav Modi filed the plea before the ECHR in April 2026 after trying every other legal avenue in the UK.

India-focused funds see $250 million in weekly outflows as global liquidity moderates

Parimala and Co and Land of Football are some more title releasing on ZEE5, JioHotstar, Netflix, SonyLiv this week.

This is Granules’ second sole FTF ANDA and follows the Amphetamine ER tablets, the generic equivalent of Dyanavel XR

Irdai-mandated product-wise NL-47 disclosures reveal claim settlement, complaint rates, renewals and more, helping buyers compare health insurance plans beyond brochures and marketing claims.

A JPPI survey found that 60% of Israelis believe the country faces a real risk of civil war, highlighting growing concerns over political divisions and institutional distrust.

The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee forecasts, anticipating a stronger performance. Global markets saw stocks rise as oil prices eased, potentially curbing inflation.

The new daily air service between Mumbai and Riyadh will be operated by a Boeing B787-9 aircraft, offering a four-class configuration — business elite, business, premium economy and economy

Heavy rains inundated Vasai-Virar, causing flooding, power cuts, internet disruptions and waterlogging.

Naveen Tahilyani also submitted his resignation as non-executive director of ICICI Life Insurance with effect from Monday.

The NSE Nifty 50 closed 159.50 points, or 0.66%, higher at 24,430.35, while the BSE Sensex gained 521.16 points, or 0.67%, to end at 78,285.07.

Analysts expect muted June-quarter growth, with management commentary on client spending, margins and AI expected to shape sector sentiment.

The IMD has issued a red alert due to continuous disruptions from monsoon downpours in Mumbai. Over the weekend, some areas of the city recorded between 200 and more than 300 mm of rain in 24 hours.

Photographs shared alongside the statement showed members of the Indian delegation, including religious leaders from Sikh and other faith communities, at the ceremonies in Tehran, along with Iranian officials greeting the visiting dignitaries.

During the day, the scrip rose as much as 0.85% to Rs 1,040.20 on the NSE. This compares to a 0.67% advance in the Nifty index.

Gold and silver have fallen sharply from their record highs in 2026, with gold down about 30% and silver by 54%. However, historical cycles show the current declines are not the deepest, and the time correction is still pending. 

Here’s how Bluetooth BMS actually works, and why the real issue is design vulnerabilities, not “hacks”, but systems built without proper authentication or security in mind

Concerns are real, but they do not mean gold has lost its long-term role. Many analysts still believe it remains an important asset for diversification, even if it is going through a difficult phase today.

Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business. The company expects his nearly four decades of experience in defence technologies and programme execution to strengthen its expansion into defence electronics, systems integration, aerospace and related engineering businesses.

The company told passengers to check their flight status on their website or application before leaving to catch it.

Pakistan-based LeT chief accused of conspiring to wage war against India in the April 2025 attack that killed 26 civilians.

The landslide caused a portion of a hill to collapse onto a house, burying the structure under mud and debris. Search and rescue operations are ongoing.

Visuals show a massive red banner bearing the slogan being hoisted above a dense sea of mourners, many waving Iranian flags alongside red and green banners associated with Shia mourning rituals.

Alpha opened in 7,534 shows on Friday before dropping to 6,882 on Saturday. The show count increased to 7,439 on Sunday due to weekend demand but has now fallen to 3,161 on Monday as the film enters its regular weekday run.

Aegis Vopak stock extends gains after the company fixes July 10 as the record date for its proposed FY26 final dividend and announces its annual general meeting schedule.

LTM-which positions itself as a "Business Creativity partner" to global enterprises-designed BlueVerse RightLogic to replace fragmented, point-in-time security checks with a continuous, evidence-led risk management approach.

Asian Paints will declare earnings for Q1FY27 on Wednesday, July 29.

The scenes from Nalasopara add to a growing list of disruptions caused by the relentless downpour in Mumbai and its neighbouring regions since the weekend.

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

Several midcap stocks delivered strong gains after FIIs increased their holdings in the March 2026 quarter. Relaxo Footwears, BHEL, Motilal Oswal Financial Services and Bank of Maharashtra were among the top performers, reflecting sustained foreign investor interest despite broader market volatility.

A balanced hybrid strategy aims to keep the equity-debt allocation closer to a 50:50 mix, providing more stability and limiting downside risk.

LIC Stake Sale: Preparations for the stake sale are already underway, with investor roadshows having recently concluded. These roadshows, which spanned across major financial hubs including Mumbai, Singapore, the UK, and the US, generated positive feedback from both domestic and overseas investors.

Overseas, Cocktail 2 has earned Rs 30.05 crore, taking its worldwide gross collection to Rs 140.40 crore.

PIB Fact Check suggests that users should verify the URL, ensure the site uses HTTPS, look for the padlock icon, avoid websites with excessive pop-ups or clickbait, check the contact and about pages, and avoid offers that appear too good to be true.

Ola Electric share price dropped 5.3% intraday to Rs 42.1 apiece.

Indian stock markets soared on Monday, with Sensex and Nifty extending their rally for a fourth straight session. Heavy rainfall bolstering monsoon hopes, coupled with Foreign Institutional Investors turning net buyers, significantly boosted investor sentiment. HDFC Bank led the gains, while broader markets also saw positive movement, adding substantial value to the overall market capitalization.

Indian stock markets soared on Monday, with Sensex and Nifty extending their rally for a fourth straight session. Heavy rainfall bolstering monsoon hopes, coupled with Foreign Institutional Investors turning net buyers, significantly boosted investor sentiment. HDFC Bank led the gains, while broader markets also saw positive movement, adding substantial value to the overall market capitalization.

Indian stock markets surged for a fourth straight day, driven by renewed monsoon hopes following heavy rainfall and a return of foreign institutional investors as net buyers. Key indices Sensex and Nifty saw significant gains, boosting market capitalization. Positive sentiment was further fueled by easing geopolitical tensions and falling oil prices, with heavyweight stocks leading the advance. Investors now await Q1 earnings reports for further market direction.

The European Central Bank said its Target 2 (T2) payment system resumed normal operations after a brief technical disruption delayed payment processing. The incident temporarily affected the settlement window for euro and Danish krone transactions before the ECB confirmed the issue had been resolved.

The BMC has urged Mumbai residents to stay indoors, avoid hazardous areas, and follow official advisories as heavy rains continue under a Red Alert. Citizens can seek assistance through the 24-hour helpline 1916.

Bitcoin traded near $63,000 after nearly $224 million in ETF inflows ended a six-day outflow streak, supporting a mild recovery in crypto markets. Ethereum and major altcoins also gained, while analysts said sentiment is improving, but caution remains ahead of upcoming macroeconomic events, including the FOMC minutes.

Senior citizen FD rates in July 2026 offer returns of up to 8.50%, with small finance banks leading the market. Compare fixed deposit interest rates, tenures and bank-wise offers across 13 lenders to find suitable options for predictable returns.

The June-quarter earnings season begins with TCS reporting on Thursday, with Motilal Oswal forecasting a 3% year-on-year earnings decline for its coverage universe—the weakest since September 2020. While large- and mid-cap companies are expected to post profit declines, small caps are projected to deliver 20% PAT growth.

The Swiggy customer addressing the issue claimed the customer care disconnected her call while she was trying to resolve the matter.

TCS Q1 Preview: Street expects modest revenue growth in Q1 FY27, with commentary on BFSI demand, margins and the BSNL project in focus.

Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.

Japanese stocks saw a positive start to the week, with the Topix index extending its winning streak to six sessions, buoyed by falling oil prices and a strong global market. While the tech-heavy Nikkei 225 remained flat, sectors like shipping and autos surged. Investors are closely watching central bank policies and currency movements, with the yen weakening and government bonds experiencing a sharp decline.

SDMA has advised private firms in mumbai to implement work from home arrangements while government offices have been directed to observe a half-day

IMD issued a Red Alert for Mumbai, Thane, Raigad and Palghar, warning of very heavy rain and strong winds. Schools were shut and flights were disrupted as airlines cautioned passengers amid widespread monsoon impact.

At Raymond, Prakash will define the strategic vision, operational roadmap and growth agenda for the defence business.

The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.

A landslide near Tunnel 2 on the newly opened Khopoli-Kusgaon "Missing Link" alignment forced authorities to divert traffic from the Pune to Mumbai carriageway beginning around 4 am.

Laser Power & Infra has fixed the price band for its Rs 742-crore IPO at Rs 203-214 per share. The issue opens on July 9 and closes on July 13, with an 11% grey market premium indicating strong investor interest. The company plans to use most of the fresh issue proceeds to repay debt and strengthen its balance sheet.

A tax credit mismatch occurs when the tax credit claimed in your ITR does not match the records available with the Income Tax Department. It can delay refunds, lead to tax notices, or result in additional tax demands.

The hospitality company to retain a 50% stake in its subsidiary after the transaction, which will develop a commercial project in Mumbai.

Indian government bonds saw a rise on Monday, mirroring gains in U.S. Treasuries. Improved monsoon forecasts and consistent foreign investment bolstered market sentiment. The benchmark 10-year bond yield dipped below a key technical level, signaling potential for further declines. Strong overseas inflows and easing oil prices also contributed to the positive outlook for Indian debt.

On July 3, the Rupee appreciated 17 paise to close at 95.18 against the U.S. dollar

Cement Q1 Results Preview: Recent corrections in large-cap and select mid-cap cement companies have improved valuation comfort and provide attractive opportunities for long-term investors, says Axis Securities.

Official claims that most of India’s marine fish stocks are sustainable should not distract from the continuing degradation of the country’s inshore fishing grounds; stronger governance of coastal waters and better management of mechanised trawling are essential for truly sustainable fisheries

Indian electrical equipment stocks rebounded, gaining up to 6% after global brokerage Nomura labelled the recent sell-off an "overreaction." Nomura highlighted that Chinese firms, granted a two-year tender exemption, historically secured minimal market share. They also noted capacity constraints among these firms, suggesting the exemption is a temporary measure, not a policy shift, thus limiting significant impact on domestic players.

What the relaxation in the gas curbs mean, the sectors that stand to gain from it, and the road ahead

Taxpayers with certain high value transactions are advised to check ITR rules carefully before deciding not to file an ITR if their income falls within the basic exemption limit as failure to comply with rules can trigger notice or penalties.

The India Meteorological Department issued an orange alert for the Mumbai Metropolitan Region, warning of heavy to very heavy rainfall, with extremely heavy rain at isolated places, and gusty winds for Monday.

Cupid shares rose sharply on Monday, extending their one-week rally to over 11%, after the company raised its FY27 revenue guidance by at least 10%. The company expects first-quarter revenue to exceed Rs 150 crore, backed by strong order visibility, expanding global opportunities and improved market visibility.

Atal Beemit Vyakti Kalyan Yojana (ABVKY) under ESIC has been extended until 30 June 2027, allowing eligible ESI-insured employees to continue receiving temporary unemployment allowance during job loss and financial hardship.

The BSE Sensex climbed 281.40 points to 78,051.03 in early deals. The NSE Nifty rallied 74.60 points to 24,347.05

Suzlon Energy share price dropped as much as 2.58% to Rs 55.36 apiece.

Systematix expects NIMs across its coverage universe to remain broadly stable or witness marginal sequentialcompression during Q1 FY27.

Suburban services on the Main, Harbour, Trans-Harbour, and Port lines continue to operate, excluding the affected Karjat-Khopoli section, according to Central Railway.

Up from 4.7 trillion won ‌a year earlier, this would mark a third consecutive quarter of record operating profit for Samsung

IC Electricals IPO GMP has surged over 50% ahead of listing. Check the latest grey market premium, subscription details, allotment and listing outlook.

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.

Heavy rains in Maharashtra caused landslides and road closures, shutting Mumbai–Pune Expressway and key ghat routes including Tamhini and Varandha. Traffic between Mumbai, Pune and Raigad remains severely disrupted.

Exploring the OPEC of memory

The decision was taken after heavy rains caused widespread waterlogging, transport disruptions, and safety concerns for the thousands of dabbawalas who travel across Mumbai using trains, bicycles and handcarts.

The landslide comes amid a spell of heavy rainfall that has caused widespread disruption across the Mumbai-Pune region, also affecting rail connectivity.

Electric scooter maker Ather Energy is reportedly planning a significant share sale, aiming to raise to $200 million from institutional investors as early as next week. Appointed banks HSBC, Axis Capital, and Nomura are managing the placement.

Electric scooter maker Ather Energy is reportedly planning a significant share sale, aiming to raise to $200 million from institutional investors as early as next week. Appointed banks HSBC, Axis Capital, and Nomura are managing the placement.

The decision was taken as a precautionary safety measure due to heavy rainfall and the adverse weather forecast issued by the Indian Meteorological Department (IMD).

Smart investing apps promise convenience, but they demand scrutiny. From transparency in fees to clarity in advice, investors must research carefully, verify SEBI registrations and treat apps as tools, not decision‑makers, to avoid costly mistakes. 

Senco Gold shares saw a significant jump following a strong Q1 FY27 business update. The jewellery retailer reported a robust 60% year-on-year revenue growth, driven by a 48% rise in retail revenue and an impressive 38% same-store sales growth.

Adon Agro Commodities experienced a robust stock market debut, listing at a nearly 12% premium on the BSE SME platform, surpassing grey market expectations. The company, which deals in dry fruits, nuts, seeds, and berries, raised Rs 44.03 crore through its IPO. Adon Agro boasts a diversified revenue model and has seen significant customer base expansion, highlighting its growing operational scale.

The Defence Acquisition Council approved capital acquisitions worth Rs 52,000 crore, boosting prospects for domestic defence companies including BEL, HAL, Bharat Dynamics and Data Patterns.

Investors are pouring money into global equities, particularly technology stocks, despite a recent market dip. This surge, marking the third consecutive week of inflows, signals strong confidence in the AI-driven rally. While U.S. funds saw outflows, Europe and Asia experienced significant gains. Bond funds also remain popular, though money market funds saw a reversal. Emerging markets, however, continue to face selling pressure.

The IT index ended a two-day rally as TCS, Infosys and Wipro declined despite improving earnings expectations.

Goldman Sachs has significantly boosted its M&A advisory dominance in EMEA, capturing its largest market share in nearly a decade. This surge coincides with a robust revival in regional dealmaking, reaching a 19-year high.

The result for Re-NEET 2026 will be prepared based on the final answer key. Following the result announcement, qualified candidates can engage in the counselling process for admission to MBBS, BDS, and other undergraduate medical programmes.

Kotak Mahindra Bank dropped as much as 3.24% to Rs 383.9 apiece.

Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.

With the high tide coinciding with the ongoing heavy rainfall, civic officials have cautioned citizens against venturing near the sea and low-lying coastal areas, and urged residents to follow official advisories .

Gold and silver prices dipped on the MCX Monday, ending a four-day rally as investors took profits. This occurred despite easing concerns about U.S. Federal Reserve rate hikes, following softer jobs data and falling oil prices.

Banks are not closed nationwide today. Find out which regions are observing a holiday on July 6.

Auto Sector Q1 Results Preview: Given the easing input cost pressure, price hikes taken by OEMs to partially offset thecommodity hikes, and stable demand across segments, Motilal Oswal expects renewed investorinterest in the sector in coming quarters.

While global crude prices have fallen over the past week amid easing geopolitical tensions and higher OPEC+ production, Indian consumers are yet to see any relief at the fuel pumps as petrol and diesel prices remain unchanged.

Jefferies sees a 21% upside for Kirloskar Oil Engines setting the target price at Rs 2,815. The brokerage has cites market share gains in high-horsepower gensets and a fresh data centre order for the bullish call.

Israeli Prime Minister Benjamin Netanyahu said several world leaders privately reached out to him despite public pressure at home.

After a delayed and insufficient monsoon in June, these lakes are now beginning to replenish amid widespread rainfall.

Gold and silver prices today, 6 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

Portugal captain Cristiano Ronaldo confirmed that the ongoing FIFA World Cup 2026 will be the last of his illustrious career, while insisting he has not yet decided when he will retire from international football.

Four Nifty500 stocks, Zensar Technologies, Adani Enterprises, Astral, and ABB India, closed more than 1% above their VWAP on July 3, signaling potential bullish momentum and strengthening positive market sentiment, according to technical scan data.

The company’s shares have ⁠gained 4.3% this year, underperforming the 61.5% rise ⁠for the Taiwan market

HDFC Bank shares rose 2% after the lender reported healthy business growth for the April-June quarter of FY27. Gross advances increased 15.4% year-on-year to Rs 30.61 lakh crore, while advances under management rose 12.4% to Rs 31.27 lakh crore. Period-end deposits climbed 14.7% to Rs 31.71 lakh crore, reflecting steady credit and deposit growth.

Indian stock markets surged on Monday, with Sensex and Nifty extending gains for a fourth straight session. Heavy rainfall revived monsoon hopes, while foreign investors turned net buyers, boosting investor confidence. Infosys led the gains, though some stocks like IndiGo saw declines. The market anticipates Q1 results, with financials and autos expected to perform well, while IT may report subdued figures.

Fintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quarter of FY27 to raise about Rs 3,000 crore. The IPO is likely to include a mix of fresh equity and an offer for sale, with the final structure yet to be decided. Kotak Investment Banking has been appointed to manage the issue.

IPO investors can check the allotment status on the websites of BSE, NSE and MUFG Intime India.

MCX gold August futures contract opened 0.06% lower at Rs 1,47,110 per 10 grams, while the MCX silver September futures dropped 0.16% to Rs 2,37,028 per kg.

Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.

Indian markets show mixed signals as the Nifty IT index hits multi-year lows, sparking bargain hunting. While technical indicators hint at stabilization, derivatives data suggests caution, with potential for tactical short-covering rather than a sustained trend reversal. PSU banks face continued selling pressure, with analysts advising a cautious approach. Investors are eyeing specific stocks like Sumichem and Azad Engineering for potential upside.

Positive market sentiment is fueling selective stock opportunities, according to Rupak De of LKP Securities. He identifies Aegis Vopak, Lodha, and Aurobindo Pharma as prime short-term picks, citing strong technical indicators like chart breakouts and bullish RSI crossovers. The Nifty is eyeing higher levels, while the IT index shows signs of bottoming. PSU banks, however, face potential corrections.

Small-cap funds offer potential for long-term growth but involve significant risks, including volatility and liquidity challenges. Investors should adopt a gradual entry strategy, focus on fund consistency and manager experience, and be aware of unique risks before allocating to these funds.

Nykaa anticipates a robust June quarter with nearly 30% year-on-year revenue growth, fueled by a significant rebound in its fashion segment. The fashion business is projected to see around 55% net sales value growth, a sharp acceleration driven by diverse category demand and strategic marketing. Meanwhile, the core beauty business continues its steady momentum, with retail sales also showing positive trends and store expansion.

Nykaa share price gained 3% following a robust quarterly business update. The company anticipates nearly 30% year-on-year growth in consolidated net revenue for the June quarter. This surge is largely attributed to a significant turnaround in its fashion segment, projecting around 55% net sales value growth, alongside continued strength in its core beauty business.

In view of the planned maintenance, the DJB has advised residents to store adequate water in advance and use it judiciously throughout the disruption period.

IT Sector Q1 Results Preview: Systematix has highlighted that tech companies are expected to report another quarter of muted growth despite seasonal strength, impacted by client-specific issues, weakness in select verticals and geopolitical uncertainty.

Market participants will now watch whether the move attracts follow-through buying or slips back into the previous range.

Vedanta Power reported a strong operational performance in Q1 FY27, with power sales rising 38% year-on-year, driven by higher generation at Meenakshi Energy and stable output from Talwandi Sabo Thermal Plant. Despite a sequential decline, the company highlighted progress following its demerger and reiterated its long-term capacity expansion plans.

An EPF account can continue earning interest for up to 3 years after retirement at age 58. Knowing the right time to withdraw your EPF savings helps maximise returns before the account becomes inoperative.

Five stocks from the Nifty500 segment that gained over 4% featured in the RSI Trending Up scan on July 3 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

The expressway disruption comes amid a spell of heavy to very heavy rainfall over the Mumbai-Pune region that has also hit rail connectivity between the two cities.

Explosions rock Kyiv as Russia launches ballistic missiles and drone attacks on the Ukrainian capital

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

V March India in May announced that its board of directors have considered and approved the plan to issue bonus shares in the ratio of 5:1. This means that an eligible shareholder will get 5 new bonus shares with a face value of Rs 10 each, for every share held in the company as on the record date.

As confidence builds around the sustainability of returns and the durability of the transformed franchise,Nirmal Bang believes South Indian Bank is well positioned for a valuation rerating.

JSW Steel has fixed Tuesday as the record date for its final dividend of Rs 7.1 per share for the financial year 2026. Once approved by the shareholders during its upcoming Annual General Meeting (AGM), the said dividend will be paid within 30 days from the date of its declaration, the company said.

The Central Railway said the landslide occurred between Thakurvadi (TKW) and Monkey Hill Loop Cabin (MHLC) on the Up Main Line of Mumbai Division, in the stretch between Karjat and Lonavala.

Pune schools remained closed after the IMD issued a red alert for extremely heavy rainfall. Authorities urged residents to avoid unnecessary travel, while NMMC also shut schools amid persistent monsoon rains.

8th Pay Commission begins stakeholder consultations in Odisha. The Commission will gather feedback on salaries, allowances and pensions before tabling its recommendations to the Centre by mid-2027.

The US dollar dipped to a two-week low as markets scaled back expectations of a Federal Reserve rate hike. Meanwhile, the Japanese yen remains near a 40-year trough, fueling speculation about potential government intervention. While the euro and sterling saw modest gains, traders are closely watching for any moves from Tokyo to support the yen, though analysts suggest such actions may only offer temporary relief.

All government, private and municipal schools and colleges across Mumbai to remain closed on Monday, July 6 due to heavy rainfall forecast.

Top picks include for Monday, July 6 include Biocon, IndusInd Bank, Lupin, Angel One, and Electronics Mart India.

Central Railway has issued helpline numbers after landslides disrupted Karjat-Lonavala rail traffic.

Among all the factors that influence a CIBIL score, timely repayments matter the most. Automating EMI and credit card bill payments or using payment alerts can reduce the risk of defaults.

The National Disaster Response Force, Mumbai Fire Brigade, local police, BMC ward staff and 108 ambulance services reached the site soon after the collapse was reported, and undertook rescue efforts to pull residents out from under the debris.

Asian markets saw gains as Wall Street futures rose, buoyed by hopes of strong earnings and easing oil prices. Reduced inflation fears have lessened the likelihood of a near-term Federal Reserve rate hike, allowing investors to anticipate a tech profit boom driven by AI. Samsung Electronics is expected to report a significant profit jump, highlighting the strong performance of chipmakers amidst high demand and tight supply.

Crude prices eased as tanker traffic through the Strait of Hormuz improved and OPEC+ approved another production increase for August, adding to supply concerns.

Non-banking finance companies are poised for a strong April-June quarter, with analysts predicting a 20% rise in assets under management. This growth is fueled by robust loan demand, particularly in affordable housing and microfinance, alongside steady commercial vehicle financing. Despite a traditionally slow start, collection efficiency remains high, and falling bond yields are expected to lower funding costs, promising stable profits and continued loan expansion.

Foreign investors are pouring money into Indian debt, with record inflows in June, while simultaneously pulling out of local equities. This shift is driven by tax benefits, expanded investment options, and hopes for inclusion in global bond indices. Despite a recent rupee recovery, concerns remain about global economic factors and potential delays in index inclusion, impacting the attractiveness of Indian stocks.

Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.

Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.

Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like Micron. This move taps into the booming AI chip market, where demand for memory chips is soaring. Previously difficult for American investors to access, the Nasdaq listing on July 10 promises improved liquidity and a fairer valuation for the company.

A significant portion of BSE 100 companies, 23 to be exact, have struggled to deliver robust annual returns over the past three years, with many trading below their historical valuations. Consumer, IT, and BFSI sectors show a concentration of these underperformers. Despite challenges like cautious client spending and rural demand concerns, some giants like RIL and TCS are poised for growth driven by new ventures and expansion.

Unlike the previous crises, this time the Bank carried on selling. It is time for a rethink.

Erling Haaland scored twice as Norway stunned five-time champions Brazil 2-1 to reach the FIFA World Cup quarter-finals for the first time and extend their unbeaten record against the Selecao.

Five-time champions Brazil take on Norway in a blockbuster Round of 16 encounter at the New York New Jersey Stadium, with a place in the FIFA World Cup 2026 quarter-finals on the line.

Five-time champions Brazil take on Norway in a blockbuster Round of 16 encounter at the New York New Jersey Stadium, with a place in the FIFA World Cup 2026 quarter-finals on the line.

Five-time champions Brazil take on Norway in a blockbuster Round of 16 encounter at the New York New Jersey Stadium, with a place in the FIFA World Cup 2026 quarter-finals on the line.

The incident occurred at Chawl No 5 in Janta Nagar, behind Hanuman Mandir, at around 8.30 pm, officials said. Earlier, officials had said that four to five persons were feared trapped at the scene.

In Mumbai, high tide is expected on Sunday at 3:22 pm amid continuous heavy downpours and gusty winds of up to 65 kmph.

Discouraging investors from blindly chasing returns, Buffett reiterated his view that the stock markets are like a church (long term investments) with a casino (quick, short-term bets) attached and many investors are taking too much risk.

Market experts shared their insights on fundamentals and technical levels for key stocks, including Eternal, Swiggy, Anant Raj, Canara Bank and Siemens Energy.

Swiggy, Zomato, Zepto and other platforms argue the Karnataka gig worker law overlaps with the Code on Social Security, 2020.