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Uber Driver Loses Rs 2.5 Lakh In Options Trading, Warns Retail Investors Against Risks

An Uber driver in India lost Rs 2.5 lakh in options trading, underscoring the risks faced by small investors entering the stock market without adequate knowledge or capital.
The driver did not follow proper trading norms or risk management protocols, resulting in significant losses from options trading, surpassing his modest monthly income.
The incident sheds light on the broader issue of unregulated or under-informed retail participation in high-risk segments of the stock market, especially derivatives trading.
The driver welcomed recent SEBI reforms aimed at enhancing investor protection in the stock market, including changes to fund settlement rules for brokerage accounts.

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Bloomberg Quint

389

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Indians Can Now Get UAE's Golden Visa Without Property Purchase: Check Eligibility, Fees And More

The UAE has launched a new 'Golden Visa' programme allowing professionals from countries like India to obtain lifetime residency, without the need for high real estate investments.
The new Golden Visa is open to professionals in various fields such as nurses, educators, content creators, and more, aiming to attract skilled talent to the UAE.
The cost to apply for the UAE Golden Visa is AED 100,000 (around Rs 23.3 lakh), and the process is being initially rolled out in India and Bangladesh.
Applicants for the Golden Visa undergo background checks focused on contributions to the UAE's economy, with the final decision made by the UAE government.

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Bloomberg Quint

266

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Buy, Sell Or Hold: Vaishali Parekh Recommends Salasar Tech, Welspun, And Infosys

Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher, has recommended three stocks on Monday, July 7, 2025: Salasar Techno Engineering Ltd, Welspun Living, and Infosys.
For Salasar Techno Engineering Ltd, Parekh suggests buying at Rs 7.5 with a stop loss of Rs 6.5 and a target price of Rs 10.
Welspun Living is advised as a 'buy' at Rs 144 with a stop loss of Rs 140 and a target price of Rs 153 by the Prabhudas Lilladher expert.
Infosys is recommended for buying at Rs 1,643 with a stop loss of Rs 1,620 and a target price of Rs 1,680.

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Bloomberg Quint

345

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Rupee Opens Weaker After Trump Threatens 10% Extra Tariff On BRICS

The Indian rupee opened weaker against the US dollar at 85.57 following Donald Trump's threat of imposing a 10% extra tariff on BRICS countries.
Trump's warning was in response to what he referred to as 'anti-American policies' within the BRICS nations.
BRICS, an intergovernmental organization consisting of 10 countries, including India, China, and Brazil, is currently holding a leaders' summit in Rio De Janeiro.
The developing nations in BRICS are expected to take a stance conflicting with Trump on trade tariffs, Middle East conflict, and global arms spending.

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Bloomberg Quint

406

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Dixon Technologies Gets 'Buy' Rating As B&K Securities Initiates Coverage

Dixon Technologies Ltd. receives a 'buy' rating from B&K Securities with a target price of Rs 18,946, indicating a price-to-earnings ratio of around 62 times on FY27E earnings.
B&K Securities believes that Dixon Technologies is well-positioned to benefit from the increasing trend towards electronics outsourcing, with potential growth in various segments and revenue.
The target price is based on a DCF valuation method considering a WACC of about 13% and a terminal growth rate of 5.5%. Dixon Technologies is expected to maintain a healthy RoCE of approximately 30% by FY27E.
Potential risks for Dixon Technologies include low ODM penetration in key segments, talent and organizational challenges during scaling, execution risks related to component integration, and geopolitical risks impacting export markets and supply chain diversification.

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Bloomberg Quint

974

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Buy ACC, Birla Corp, Dalmia Bharat Shares Among Cement Sector Recommends Yes Securities; Q1 Results Preview

Yes Securities recommends 'Buy' rating for ACC and Dalmia Bharat shares, while suggesting selling UltraTech Cement ahead of Q1 results.
In Q1, cement industry dynamics shift from volume-driven (Q4) to price-driven, benefiting companies in key markets like East, South, and North.
ACC expected to perform well due to strong prices in key markets (price growth in East/South/North at 10%/13%/3%), while Birla Corp may deliver mixed results on a consolidated basis.

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Bloomberg Quint

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BSE To See Limited Impact Of Jane Street Saga, Say Analysts

SEBI's recent ban on Jane Street for market manipulation is causing concerns in the financial markets, but analysts predict a limited impact on BSE.
Jefferies and Goldman Sachs anticipate a manageable impact on BSE, with Jefferies noting that the earnings hit may be low as Foreign Portfolio Investors (FPIs) contribute 3-4% of turnover.
Goldman Sachs maintains a neutral stance on BSE, reducing its target price and EPS slightly to account for recent volumes.
Both brokerages expect BSE's cash equity market share to improve in the medium term, citing the addition of new members and the recent launch of the Common contract note as positive factors.

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Bloomberg Quint

167

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'Buy' City Union Bank Shares Maintains Nirmal Bang On Improved Growth Prospects

Nirmal Bang maintains a 'Buy' rating on City Union Bank due to improved growth prospects in core MSME loan business and better asset quality.
City Union Bank is expected to grow its loan book 2-3% higher than system credit growth.
The bank's net interest margins may face pressure in the near term, but deposit repricing in the next few months could lead to ~3.5% NIMs for FY26.

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Bloomberg Quint

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Form 16: First-timer? Here's All You Need to Know About it

Form 16 is a certificate issued by the employer providing a summary of salary paid and TDS deductions during the financial year.
It is divided into two parts - Form 16 (A) and Form 16 (B) containing details like salary breakup, exemptions, and deductions.
Deductions under Chapter VI-A include investments in insurance, pension funds, health insurance premiums, etc., outlined in Section 80C to Section 89 of the Income Tax Act.
Employees switching jobs in a year need to obtain Form 16 from each employer, and Form 16 is issued for taxable incomes falling under the basic exemption limit.

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Bloomberg Quint

132

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Trump Threatens BRICS With 10% Extra Tariff For 'Anti-American Policies'

US President Donald Trump has threatened to impose a 10% unilateral tariff on BRICS countries for what he termed as 'Anti-American policies.'
BRICS, consisting of ten countries, are currently holding a leaders' summit in Brazil's Rio De Janeiro and are poised to adopt a position contradicting Trump on trade tariffs, conflicts in the Middle East, and global arms spending.
In a draft statement for the meeting, BRICS leaders expressed 'serious concerns' about unilateral tariff measures that distort trade and do not comply with WTO rules.
Trump has been vocal in criticizing BRICS members for possibly establishing an alternative financial system to the US dollar or coordinating economic policies that may challenge US dominance. However, several BRICS countries, including India, have denied aiming to de-dollarize their economies.

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Bloomberg Quint

958

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Five Stocks To Buy Today: Infosys, HUL, Torrent Pharma, Indian Oil Corp And More

Infosys, HUL, Torrent Pharma, Indian Oil Corp, and Welspun Living stocks received 'buy' recommendations from analysts on Monday.
Investment experts shared insights on these stocks with NDTV Profit, providing recommendations and price targets for each.
Analysts recommended buying Infosys, HUL, Torrent Pharma, and Indian Oil Corp with specific stop-loss and target price levels.
Please note that the views expressed by the investment advisers are their own, and users are advised to consult with their own financial adviser before making any investment decisions.

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Bloomberg Quint

261

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Is Stock Market Open Or Closed Today For Muharram 2025? Here's The Answer

Stock markets will remain open on July 7, 2025, as there is no public holiday for Muharram observed on July 6.
Muharram, the second-holiest month in Islamic traditions, began on June 27, symbolizing sacrifice, unity, and peace.
Apart from the public holidays, stock markets also close on Saturdays and Sundays, with the next weekday holiday on August 15 for Independence Day.
The BSE and NSE operate on a standard schedule from Monday to Friday, with trading hours for the equity segment set from 9:15 a.m. to 3:30 p.m.

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Bloomberg Quint

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Stock Market Today: All You Need To Know Going Into Trade On July 7

Last week, Nifty and Sensex experienced declines after two weeks of gains.
Asian markets showed mixed trends, US index futures were down as well.
US stocks posted gains following strong jobs data, markets closed for Independence Day.
Oil prices dropped after OPEC+ agreed to increase production, raising oversupply concerns.
Various banks and companies reported growth and developments in deposits, loans, and revenue.

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Bloomberg Quint

316

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Nearly Half Of MSMEs Polled Prefer UPI For Business Transactions, Says Report

Nearly half of MSMEs prefer UPI for business transactions, followed by Aadhaar-enabled banking, according to a report by PayNearby.
Among women entrepreneurs, Aadhaar banking had even higher preference at 42%, showcasing trust in secure, tech-enabled services like fingerprint and face authentication.
The report, based on a survey of 10,000 individuals and MSMEs, highlighted the significant adoption of digital payments among MSMEs, with UPI being the most favored mode at 48%.
The survey also revealed that smartphones are the primary business device for 71% of respondents, with a majority experiencing increased income or operational efficiency due to digital tools.

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Bloomberg Quint

2.2k

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Stocks To Watch: IndusInd Bank, Adani Enterprises, Vishal Mega Mart, UltraTech Cement, Cochin Shipyard

Stocks to watch on Monday include IndusInd Bank, UltraTech Cement, Adani Enterprises, Vishal Mega Mart, and Cochin Shipyard.
Dodla Dairy Ltd. and Sun Pharmaceutical Industries Ltd. are going ex-trade for dividend.
Notable corporate announcements include IndusInd Bank's decline in net advances and deposits, Jubilant Foodworks' revenue growth, FSN E-Commerce Ventures' performance expectations, and incidents like the fire at Vishal Mega Mart.

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