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Indian markets advanced on easing crude prices and dovish Fed commentary, boosting risk appetite. Analysts recommend buying NDR Auto and Suven Life Sciences after bullish breakouts, while investors await US jobs data, the India–Japan summit and Q1FY27 earnings.
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US markets climbed after June hiring slowed more than expected, easing fears of further Fed tightening. The data pointed to a cooling but resilient labour market, lifting sentiment across sectors while prompting investors to reassess rate outlook and growth expectations.
MacRitchie Investments is set to divest up to $200 million in PB Fintech, the parent company of Policybazaar and Paisabazaar. This move involves selling approximately 2.6% of the company’s outstanding shares, with a floor price of 1,604 rupees per share, representing a slight discount. The transaction is anticipated to occur on July 3rd, with MacRitchie…
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Wall Street opened higher after softer June jobs data eased fears of aggressive Fed rate hikes. Gains were modest across major indices, with investors reacting positively to signs of cooling labor markets. The data boosted sentiment globally, including among Indian investors tracking US market cues for direction.
Tata Motors reported a 46% rise in passenger vehicle sales for the June quarter, driven by strong demand and record EV sales. However, Jaguar Land Rover posted lower volumes due to supply disruptions, geopolitical challenges and the planned Jaguar model transition.
Adani Enterprises launched its qualified institutional placement to raise funds from institutional investors, fixing a floor price of Rs 3,034.68 per share. The issue follows board and shareholder approvals, with pricing to be finalised in consultation with lead managers.
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The Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trillion erased in June, markets are shifting focus from AI hype to profitability, free cash flow and monetisation ahead of earnings.