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Bloomberg Quint
4d
134
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Bitcoin Breaks Above $112,000 For First Time As Traders Defy Trump Tariff Angst
- Bitcoin surged past $112,000 for the first time, setting a fresh record alongside a broad rally in risk assets.
- The rally is fueled by institutional demand, validating crypto bulls' beliefs in a new era of permissive regulation.
- The speculative momentum in markets persists despite tariff announcements by President Donald Trump.
- Bitcoin's rise is benefiting from strong ETF inflows, rising institutional adoption, and a favorable macro backdrop.
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Bloomberg Quint
4d
286
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Coal India's Slipping Market Share, Pricing Pressures Explain JPMorgan's 'Neutral' Stance
- JPMorgan maintains a 'neutral' rating on Coal India Ltd. citing no improvements in underlying fundamentals.
- Despite recent stock underperformance, monthly volume growth is expected to start in August with a 7.5% year-on-year growth projection.
- Coal India's market share has decreased to 75% in 2025 from 83% in 2021; JPMorgan forecasts 5% sales volume growth for the rest of the financial year.
- Pricing pressures, declining power consumption, and the trend towards renewables pose challenges for Coal India's future volume growth according to JPMorgan.
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Bloomberg Quint
4d
213
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Houthis Terrorise Sailors With Fresh Attacks On Ships In Red Sea
- Houthis attack ships in Red Sea, sinking commercial vessels and killing sailors.
- Attacks led to sinking of two ships - Eternity C and Magic Seas with casualties.
- Houthis target ships with ties to Israel, causing disruptions in global seaborne trade.
- Risk of travel in Red Sea highlighted, impacting maritime operations and freight costs.
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Bloomberg Quint
4d
270
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Nifty 50 To Hit 30,000 By April 2026? JPMorgan Gives 'Bull Case Scenario' On Earnings Boost
- JPMorgan expects the Nifty 50 to trade between 26,500 and 30,000 over the next six to nine months with a bull case scenario of hitting 30,000 by April 2026 based on an earnings recovery expectation.
- Investors are focusing on long-term growth despite facing geopolitical uncertainty and market volatility, with the Nifty 50 underperforming in the emerging market space so far in 2025.
- Motilal Oswal Financial Services has reduced Nifty 50 earnings per share for financial years 2026 and 2027 but expects a 14% full-year net profit growth compared to 4% in financial year 2025.
- Emkay Global Research anticipates a material recovery in the second half of 2026 for India Inc.'s earnings, particularly in the consumer discretionary space, maintaining a Nifty 50 target of 26,000 for March 2026.
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Bloomberg Quint
4d
197
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PFC, REC Get 'Overweight' Rating From Morgan Stanley As 12% CAGR In Loan Portfolio Expected
- Morgan Stanley has initiated coverage on Power Finance Corp. and Rural Electrification Corp. with an 'overweight' rating as it anticipates a 12% estimated loan CAGR between fiscal year 2025 to 2028.
- The brokerage firm highlighted that both PFC and REC are expected to achieve 17-19% average return on investment, with compelling risk-reward profiles.
- PFC and REC are projected to sustain low-to-mid-teens loan growth, supported by the current capex cycle in the energy sector, particularly in renewable energy, transmission, and distribution.
- According to Morgan Stanley, there is a potential upside of 21-23% in the stocks of PFC and REC over the next year, placing them in the top quartile of their coverage.
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Bloomberg Quint
4d
1.4k
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Stock Recommendations Today: Bharat Dynamics, Axis Bank, Coal India, Prestige Estate On Brokerages' Radar
- Analysts recommend Bharat Dynamics, Axis Bank, Coal India, Prestige Estate among others.
- Brokerages' radar includes BDL, REC Ltd., Power Finance Corp., housing finance counters.
- Specific recommendations range from 'neutral' to 'outperform' and 'buy' with target prices.
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Bloomberg Quint
4d
305
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Breaking News Live: Shubhanshu Shukla, Axiom-4 Conclude 14-Day Mission; US Imposes 50% Tariff On Brazil
- Axiom-4 mission, involving Shubhanshu Shukla, concluded a 14-day mission at the International Space Station.
- The US has imposed a 50% tariff on Brazil, along with extending tariffs to other countries like Iraq and Libya.
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Bloomberg Quint
4d
6.5k
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Gold, Silver Prices Flat — Check Prices In Mumbai, Chennai, Other Cities
- Gold and silver prices remained flat with gold trading at Rs 96,790 per 10 gm.
- US President Donald Trump imposed new tariffs on seven countries, impacting the safe haven demand for gold.
- In major Indian cities, gold prices varied slightly with Chennai recording the highest price at Rs 96,890 per 10 gm.
- Silver prices saw a marginal rise to Rs 1,08,240 per kg on Thursday.
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Bloomberg Quint
4d
229
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Last Day To Buy 22 Dividend Stocks Before Record Date — Apollo Tyres, UPL, IDFC First Bank And More
- Investors have until July 10 to buy shares of 22 dividend stocks, including Apollo Tyres, UPL, and IDFC First Bank, to qualify for the upcoming payouts before the record date on July 11.
- In India's T+1 settlement cycle, shares bought on the record date itself do not qualify for dividend payments.
- Companies like Apollo Tyres, IDFC First Bank, UPL, and others will have their ex/record date on July 11, with varying dividend amounts per share. Shareholders must own the shares before the record date to receive dividends.
- Dividends are a way for companies to reward their shareholders for holding their stock.
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Bloomberg Quint
4d
95
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OpenAI To Launch Web Browser To Compete With Google Chrome: Report
- OpenAI is set to release an AI-powered web browser to rival Google Chrome.
- The browser aims to target the 500 million weekly active users of ChatGPT.
- This move could impact Google's ad revenue due to user data collection and search traffic.
- The browser is expected to integrate AI agent products for enhanced user experience.
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Bloomberg Quint
4d
250
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Stock Market Live: GIFT Nifty Implies Tepid Open; Hind Copper, JSW Energy, Railtel Corp Shares In Focus
- The GIFT Nifty indicated a tepid open for the Nifty 50 index, with analysts suggesting resistance at 25,600 and support at 25,400.
- US markets experienced a drop after President Donald Trump announced a 50% tariff on copper imports, affecting futures of Dow Jones and S&P 500.
- Asian markets saw a mixed trend amid trade uncertainty, with most markets trading higher while the Nikkei 225 declined.
- Investors are focusing on metal stocks following the tariff announcement, with companies like Hind Copper, JSW Energy, and Railtel Corp shares in focus.
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Bloomberg Quint
4d
4.1k
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Stocks To Watch Today: TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements
- Stocks to watch on Thursday include TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements, Asian Paints, and UPL.
- Notable corporate announcements include fundraising plans by Amber Enterprises India, commissioning of a grinding unit project by Ambuja Cements, and inclusion of JSW Energy in FTSA Russell's FTSE4Good Index.
- Other announcements include Asian Paints selling stake in Akzo Nobel India, UPL acquiring Wuhan Advanta Seeds, and HCLTech partnering with Astemo Cypremos for innovation in the autonomous vehicle ecosystem.
- Oil India signing a natural gas supply agreement with GAIL (India) and Emcure Pharmaceuticals receiving zero observations from a USFDA inspection are also notable updates.
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Bloomberg Quint
4d
72
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HDFC Bank, SBI, ICICI Bank & More — Systematix Top Stocks To Buy In Banking Sector; Q1 Results Preview
- Systematix Institutional Equities highlights top stocks to buy in the banking sector with a positive long-term growth outlook despite near-term challenges.
- Q1 FY26 is expected to be muted for banks due to various adverse factors impacting the sector.
- Reserve Bank of India data shows slow growth in banking system advances and a sharp slowdown in industrial segment advances.
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Bloomberg Quint
4d
40
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Why Are FIIs Preferring Other Markets? S Naren Says Indian Equities Are An 'Expensive Asset Class'
- FIIs are finding Indian equities to be expensive and are preferring other global markets with lower valuations.
- S. Naren, the CIO of ICICI Prudential Asset Management Co., highlights the challenge in Indian equity markets for foreign investors.
- Naren advises investors to moderate their return expectations as equities are currently considered an expensive asset class.
- He suggests seeking value in sectors like oil and gas and encourages investing in stocks that have been undervalued due to investor frustration.
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Bloomberg Quint
4d
149
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How To Check Your EPF Balance And Interest Credited In FY25
- EPFO has started crediting the interest amount for FY25 to the members’ accounts, with an interest rate of 8.25% proposed by the Central Board of Trustees (CBT).
- Both employees and employers contribute to the EPF account each month, with interest accrued monthly and reflected in passbooks between June and August.
- To check if EPF interest has been credited, subscribers can log in to the EPFO portal, access their passbook, and review contributions and interest credited.
- If EPF interest is not visible, subscribers can wait for a few days for it to reflect or lodge a grievance on the EPFO’s online complaint portal for assistance.
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