Category: Business News & Economy

SpaceX joins the Nasdaq-100 index, attracting billions in passive investment flows. Wall Street brokerages initiated coverage with overwhelmingly positive ratings for the company. Analysts see long-term growth potential in space transportation and satellite connectivity. Starship, SpaceX’s reusable rocket, is a major pillar of this optimistic outlook. The company’s artificial intelligence ambitions also add significantly to…

Japan’s Nikkei share average declined in choppy trade on Wednesday. Technology stocks faced pressure after overnight losses on the Nasdaq index. Investors showed caution regarding the durability of the AI-driven market rally. This sentiment followed Samsung Electronics’ earnings which did not meet elevated expectations. Some domestic demand-sensitive shares and memory chip makers saw gains.

Gold and silver prices extended their losses for a third straight session on the MCX as rising oil prices and a stronger U.S. dollar fuelled expectations of higher U.S. interest rates. Investors now await the Federal Reserve’s meeting minutes for further policy cues, while analysts expect bullion prices to remain volatile amid geopolitical tensions.

Five NSE F&O stocks recorded over 5% growth in futures open interest on July 7, led by Trent and Cochin Shipyard, signalling fresh position buildup and heightened trader participation in derivatives.

Indian stock markets experienced a decline on Wednesday as oil prices surged. Benchmark indices Sensex and Nifty fell significantly due to renewed Iran-US conflict escalations. Broader market indices also slipped into the red, reflecting widespread bearish sentiment. Foreign investors, however, continued their buying trend for a fifth consecutive session. The Indian rupee opened lower against…

Four Nifty 500 stocks closed over 1.5% below their VWAP on July 7, signalling potential selling pressure, according to StockEdge’s technical scan.

Cochin Shipyard shares fell over 2% as the Centre’s OFS opens for retail investors after the non-retail portion was subscribed 3.52 times. The government plans to sell up to a 5.04% stake, potentially raising around Rs 1,800 crore. The stock has delivered multibagger long-term returns despite recent weakness, with shares down over 29% in the…

Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.

Revenue growth is expected to remain healthy across segments, with large-, mid-, and small-cap companies likely to report sales growth of 17%, 15%, and 16% YoY, respectively.

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until…