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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
Copper prices dipped on the London Metal Exchange and Shanghai Futures Exchange following U.S. President Trump's announcement of a 50% tariff on copper. This move effectively ends the arbitrage trade that had been drawing copper into the U.S., causing Comex inventories to surge.
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News and Media
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