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Jewellery stocks surged significantly on Thursday, defying broader market weakness. Companies reported robust business updates for the April-June quarter, showcasing resilience. Senco Gold and Kalyan Jewellers posted strong revenue and same-store sales growth. Despite macroeconomic challenges, demand for organised players remained healthy. Investors are advised to focus on fundamentally strong, organised jewellery companies.
Electronic manufacturing services players’ shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government’s move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for…
In separate submissions to the USTR as part of the ongoing public hearing on the probe (July 7-9), industry bodies said the existing India-US Trade Policy Forum should be used to address concerns instead of imposing tariffs.
DBS Bank, HSBC, Standard Chartered and MUFG are among the banks which have lined up to provide this loan. ET could not ascertain the names of all lenders. “The loan has been launched with half a dozen banks already lining up for the first underwriting.
DBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. Total income fell seven percent to Rs 10,591 crore for the year. Gross NPAs dropped to 1.34 percent, reflecting improved asset quality. The bank’s capital adequacy stood at 19.7 percent.
US markets closed higher led by chip stocks, with Micron boosting sentiment through a massive investment plan tied to AI demand. Gains came despite rising US-Iran tensions. Stable jobless claims signaled labor resilience, while Fed rate hike expectations linger. Investors now shift focus to upcoming earnings season and valuations.
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Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market.
Sebi has cancelled twelve research analyst registrations for failing to pay renewal fees. These entities and individuals had their certificates cancelled after the fees remained unpaid. Sebi initiated summary proceedings after receiving no replies to issued notices.
Costco shares fell over 4% despite strong June sales as investors focused on valuation concerns and uneven regional growth. While US demand remained robust, weaker Canada performance and headwinds from currency and fuel price deflation weighed on sentiment, reflecting tighter scrutiny of premium consumer stocks.