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The Association of Mutual Funds in India (AMFI) has announced the stock re-categorization and has highlighted the market cap changes in large, mid and small cap, according to the predictions by Nuvama Alternative Research.
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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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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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