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Hindustan Zinc shares surged over 3% on Friday, adding approximately Rs 6,815 crore to its market value. This rally was fueled by a weaker US dollar, soaring silver prices, and a positive Q1 business update. The company reported its highest-ever first-quarter mined metal production, despite a slight dip in silver output. The stock’s performance reflects…
PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2% stake via a block deal at a discount. The proposed transaction, valued at around Rs 1,740 crore, weighed on investor sentiment.
Gold and silver prices opened sharply higher on MCX on Friday after weaker-than-expected U.S. labour market data reduced expectations of further Federal Reserve rate hikes. MCX silver futures rose 2% to Rs 2,38,216 per kg, while gold futures gained Rs 2,219 to Rs 1,47,977 per 10 grams.
US financial markets observed a closure on Friday, July 3, in commemoration of Independence Day, as the holiday fell on a Saturday. Trading in both equities and bonds resumed on Monday, July 6. This break allowed investors to digest recent employment data and Federal Reserve interest rate expectations.
Tesla delivered a stronger-than-expected 480,126 vehicles in Q2 2026, but shares slipped as investors looked beyond robust deliveries, focusing instead on AI ambitions and future growth prospects.
Kusumgar’s Rs 650-crore IPO will open for subscription on July 8, with the entire issue structured as an offer for sale. The engineered synthetic fabrics manufacturer serves aerospace, defence, automotive and outdoor lifestyle sectors, and reported FY26 revenue of Rs 712 crore and profit of Rs 98 crore.
Knack Packaging’s Rs 439.5-crore IPO was subscribed nearly 9 times on the final day of bidding, led by strong demand from NIIs. The grey market premium (GMP) indicates a potential 17% listing gain. Brokerages Choice Broking and Anand Rathi have recommended subscribing to the issue for the long term.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…