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HinduBusinessLine
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Nifty Bank prediction today – July 09, 2025: Range-bound with a bullish bias. Go long after a breakout
- Nifty Bank index immediate support at 57,100 with a rise expected towards 57,400 and a potential further rise to 57,700 upon breakout above 57,400.
- Nifty Bank July futures down 0.13% with intraday support at 57,260 and resistance at 57,570. A break beyond these levels will dictate the next direction.
- Traders advised to consider a long position on a breakout above 57,570 with stop-loss at 57,480 and potential targets at 57,700, 57,720, 57,840, and exit at 57,980.
- Supports at 57,260 and 56,900, while resistances lie at 57,570 and 58,000.
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Bloomberg Quint
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301
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Elcid Investments Share Price Gains Following Dividend Record Date Announcement
- Elcid Investments Ltd. has announced a dividend record date on July 23, 2025, leading to a 2% increase in its share price.
- The company declared a final dividend of Rs 25 per equity share for the financial year ending March 31, 2025, marking the third consecutive year of such dividend payout.
- Elcid Investments' share price rose over 2% and hit upper circuit following the announcement, reaching Rs 1,43,400 per share before settling at Rs 1,43,000 per share.
- The share has experienced significant growth in the past 12 months but has declined by 21.72% year-to-date, with trading volume standing at 2.3 times its 30-day average.
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HinduBusinessLine
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206
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Trump's tariffs may cast pall over US Secretary of State Marco Rubio's first official trip to Asia
- Trump has notified several Asian countries about higher tariffs if trade deals are not made with the US, just before Secretary of State Marco Rubio's trip to a regional security conference in Malaysia.
- Rubio's focus in the meetings will be on maritime safety and security in the South China Sea and combating transnational crime, but he may face pressure on the tariff issue with countries Trump has targeted.
- ASEAN Regional Forum will have top diplomats from countries facing new tariffs, with concerns that Rubio's messages on the China threat might not resonate due to the tariff impact.
- Southeast Asian countries courted by the Trump administration to counter China have not been targeted by tariffs yet, but tensions with China and Russia over Ukraine remain substantial as US resumes providing Ukraine with defensive weapons.
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Moneyweb
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39
Trump vows no tariff extension, hardens threats on copper, drugs
- President Donald Trump vows to maintain aggressive tariff regime, no more delays on levies.
- Plans substantial new rates for copper and pharmaceutical imports, pushes ahead with tax threats.
- Trump signals determination to heavily tax foreign imports amidst trade negotiations and tensions with partners.
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Bloomberg Quint
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292
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Amazon Prime Day Sale 2025: Best Tech Deals On Apple, Samsung And More
- Amazon Prime Day Sale 2025 offers major tech deals on Apple, Samsung, and other top brands from July 12 to July 14.
- Tech deals include discounts on Apple products like iPhone 15, Apple Watch Series 10, and Apple iPad Mini, as well as Samsung devices like The Frame Pro TV and Samsung Galaxy Tablet.
- Other tech deals feature discounts on headphones, smart home devices, laptops, smartwatches, earbuds, and more, exclusively for Prime members.
- To access the tech deals, non-Prime members can avail of a free trial during the Prime Day Sale 2025 period.
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Bloomberg Quint
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209
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Sun TV Truce: TN CM Stalin Intervenes And Brokers Peace Between Dayanidhi And Kalanithi Maran
- Tamil Nadu Chief Minister MK Stalin intervened between warring Maran brothers, Dayanidhi and Kalanithi Maran, to call for a truce.
- Kalanithi Maran has agreed to give more shares to the younger Maran as part of the compromise talks.
- Dayanidhi Maran had demanded a settlement of Rs 6,000 crore for his share in Sun TV, leading to legal tensions within the family.
- With Stalin brokering peace, the truce is likely to hold temporarily as the DMK faces a crucial election in 2026.
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Moneyweb
3w
288
SA’s low growth leaves citizens poorer than global average, Investec says
- South Africa's low economic growth since 2010 has led to its population being significantly poorer than the global average, according to Investec Wealth & Investment International.
- South Africa's GDP per capita adjusted for purchasing power parity was $15,194 in 2023, compared to the global average of $22,850.
- The country's economy is 37% smaller than it could have been if it had tracked its emerging-market peers since 2010, resulting in a potential loss of R5 trillion in taxes that could have supported services and reduced debt-to-GDP ratio.
- Investec suggests that for South Africa to return to the global average within the next decade, GDP per capita would need to grow at around 8%, emphasizing the need for faster economic growth through improved policy execution and increased business confidence.
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HinduBusinessLine
3w
8
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Nifty Prediction Today – July 09, 2025: Resistance ahead. Go long on a break above it
- Positive bias in Nifty prediction for July 9, 2025.
- Intraday support at 25,490 with the next support at 25,440.
- Nifty expected to rise towards 25,600, maintaining a bullish outlook for 25,800 and higher levels.
- Recommendation to go long on a break above 25,670 with detailed stop-loss and exit strategies. Resistance at 25,670 and 25,800.
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Bloomberg Quint
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1.3k
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'Buy' Sobha Shares Maintains HDFC Securities On Multiple Growth Triggers
- HDFC Securities maintains a 'Buy' rating on Sobha shares citing valuation comfort, robust free cash flow generation, and likely deleveraging as key triggers for further rerating.
- Sobha reported a strong Q1 FY26 presales performance, up 11% YoY to Rs 20.8 billion, driven by sustenance sales in Gurugram, Bengaluru, and other markets, along with new launches contributing significantly to the gross development value.
- In H2 FY26, Sobha is expected to see even stronger momentum with big launches planned in Gurgaon Sector 63A, Pune, Mumbai, and Bengaluru, showcasing the company's execution strength and development capabilities.
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Bloomberg Quint
3w
91
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DMart Q1FY26 Results — Check Date And Other Key Details
- DMart's stock opened flat at Rs 4,213 per share and rose to an intraday high of Rs 4,232.80 on the NSE.
- Avenue Supermarts Ltd., the owner of DMart, will have a board meeting on July 11 to approve the unaudited financial results for Q1FY26.
- The trading window for dealing in securities of the company has been closed until two days after the declaration of financial results for Q1FY26.
- DMart's share price was trading 0.23% higher at Rs 4,222.6 per share on the NSE, reflecting a slight gain from the opening price.
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HinduBusinessLine
3w
367
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Crude oil prices fall as industry data shows increase in US inventories; copper futures rise post Trump tariff
- Oil futures drop as US crude inventories rise according to American Petroleum Institute.
- Brent oil at $70.04, WTI at $68.20. Market anticipates US EIA data.
- Trump's tariffs cause copper futures to rise; US to impose 50% tariff on copper imports.
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UI Cookies
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100
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28 Best Business Bootstrap Website Templates 2025
- Web developers can find professional, clean business templates for client needs on Themeforest.
- Templates like Canvas, Enry, and Reobiz offer elegant, responsive designs for various niches.
- Features include multiple demos, layout variations, sliders, portfolios, and customization options.
- These HTML5 CSS3 templates are perfect for creating appealing and functional client websites.
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HinduBusinessLine
3w
544
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Anthem Biosciences sets IPO price band at ₹530-570/share
- Anthem Biosciences has set its IPO price band at ₹530-570 per share, which values the company at over ₹31,800 crore at the upper end.
- The IPO will be open for public subscription from July 14-16, with a one-day bidding for anchor investors scheduled for July 11; it is entirely an offer-for-sale (OFS) worth ₹3,395 crore by promoters and other shareholders.
- Anthem Biosciences is a technology-focused contract research, development, and manufacturing organization, involved in manufacturing specialized fermentation-based active pharmaceutical ingredients and other products.
- The company reported a revenue increase of 30% to ₹1,844 crore in FY25, with a PAT of ₹451 crore; the issue reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
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Bloomberg Quint
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393
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Crizac Shares Lists At Over 14% Premium After Solid IPO Bids From Institutions, NIIs
- Crizac Ltd.'s IPO was oversubscribed 59.82 times, with heavy demand from institutional and non-institutional investors.
- Crizac shares debuted on the stock exchanges at a premium of over 14% above the issue price.
- The IPO was entirely an offer for sale worth up to Rs 860 crore with no fresh issue component.
- Crizac offers international student recruitment solutions and holds a significant market share in the UK.
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HinduBusinessLine
3w
385
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Markets open flat amid Trump tariff threats and trade uncertainty
- Markets open flat amid uncertainty surrounding US trade policies, with President Trump threatening tariffs on BRICS nations and pharmaceuticals, drawing sharp responses from global leaders.
- Market participants are awaiting the upcoming FOMC minutes release and TCS earnings for market direction, expecting heightened volatility.
- Consumer goods stocks lead gainers, with technology and metal stocks facing selling pressure. Banking heavyweight ICICI Bank declined.
- Foreign Institutional Investors were net sellers, while India VIX declined, indicating stable market conditions. Market sentiment remains cautiously optimistic despite mixed global cues.
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