6:10 PM
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ICICI Bank Global Markets predicts local gold prices in India will likely remain strong, potentially reaching Rs 1,00,000 per 10 grams in the second half of 2025. Despite a recent global price drop, domestic prices rose in June, driven by a weaker Rupee, though high prices have dampened physical demand.
12:10 PM
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Bank of Baroda reports retail inflation is expected to stay within the RBI's projections for Q1 FY26, aided by a favorable base effect and deflation in essential foods. The BoB ECI shows a decline, driven by price drops in vegetables and pulses due to improved production.
6:10 AM
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Finance Minister Nirmala Sitharaman urged decisive collective action from the Global South to address uncertainties stemming from fiscal constraints and geopolitical shifts. Speaking at the New Development Bank's annual meeting, she emphasized the pivotal role of Multilateral Development Banks in catalyzing public and private investments.
5:10 AM
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SEBI has banned US-based Jane Street from the Indian market for allegedly manipulating stocks and derivatives, ordering them to return nearly ₹4,850 crore in illegal gains. The firm is accused of strategies involving Bank Nifty stocks and index options to inflate profits. Despite a warning from NSE, Jane Street continued large trading positions.
3:10 PM
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The Reserve Bank of India has paused adding to its gold reserves in FY26, maintaining holdings at 880 metric tonnes. This decision seemingly aligns with price projections from various financial institutions anticipating a potential decline in gold prices.
1:10 PM
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8:10 AM
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Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Nifty and Bank Nifty, anticipating potential gains. They recommend buying UPL between Rs 670-690, targeting Rs 747, and Chennai Petroleum Corporation in the range of Rs 700-720, with a target of Rs 787.
1:10 PM
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Nykaa's shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.
11:10 AM
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Gold and silver price prediction today: Gold prices are surging towards ₹99,000, fueled by global cues and safe-haven demand amid geopolitical tensions and inflation concerns. Silver is also bullish, eyeing ₹1,10,000, driven by industrial demand from green energy initiatives and expectations of central bank rate cuts. Experts advise a buy-on-dips strategy for gold above ₹96,500 and maintaining silver above ₹1,05,500 for potential gains.
10:10 AM
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Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha recommends Titagarh Rail Systems, ICICI Prudential Life Insurance, and CESC as top buys for today. Nifty faces selling pressure, potentially retesting 25250, while Bank Nifty appears stretched, with selling pressure expected around 57150-57200.
8:10 PM
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The Reserve Bank of India has set the redemption price at Rs 9,628 per unit for two Sovereign Gold Bond (SGB) tranches, specifically the 2017-18 Series-XIV and 2018-19 Series-IV, maturing for premature redemption on July 1st.
7:10 PM
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The Reserve Bank of India has set the redemption price at Rs 9,628 per unit for two Sovereign Gold Bond (SGB) tranches, specifically the 2017-18 Series-XIV and 2018-19 Series-IV, maturing for premature redemption on July 1st.
4:10 PM
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HDB Financial Services share price today: HDB Financial Services debuted on the stock market at Rs 835, a premium over its IPO price. The IPO garnered significant investor interest, especially from institutions. It became the eighth largest NBFC in India by market value.
12:10 AM
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The Reserve Bank of India has appointed Kesavan Ramachandran as the new Executive Director, effective July 1, 2025. He will oversee the Department of Regulation (Prudential Regulation Division). Ramachandran brings over three decades of experience in currency management, banking supervision, and training to the role, previously serving as Principal Chief General Manager in the Risk Monitoring Department.
9:10 PM
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Jerome Powell highlights the importance of the Federal Reserve's independence. This comes as Donald Trump pushes for interest rate cuts. Powell says the Fed is focused on economic stability for everyone. The Fed is holding rates steady due to trade policy uncertainty. Inflation may rise this summer. A rate cut in July is not off the table.
9:10 PM
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HDB Financial Services, HDFC Bank's NBFC arm, is set for a strong stock market debut with grey market activity indicating a 9% premium over its IPO price. The IPO, oversubscribed 16.69 times, saw significant interest from institutional investors. While retail investors showed caution, analysts predict a positive listing, potentially reviving retail interest if HDB delivers on its growth targets.
8:10 PM
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US stocks edged lower on Tuesday, halting a recent rally as Tesla shares plummeted amid escalating tensions between Elon Musk and President Trump. The S&P 500, Dow, and Nasdaq all experienced declines, with Tesla's drop significantly impacting the market. Investors are also awaiting key economic reports and monitoring European Central Bank policy discussions.
5:10 PM
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IndusInd Bank has proposed three candidates to the Reserve Bank of India for the role of managing director and CEO. Rajiv Anand is the board's top choice. This decision follows the resignations of the previous CEO and deputy CEO. The bank faced a financial setback due to accounting errors. The RBI instructed IndusInd Bank to nominate candidates by June 30.
10:10 AM
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Stock market recommendations: Motilal Oswal Financial Services recommends Federal Bank and Prince Pipes as top stock picks for the week starting June 30, 2025. Federal Bank is expected to sustain strong loan and deposit growth, driven by strategic portfolio rebalancing and a focus on CASA.
3:10 AM
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10:10 PM
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Stock market recommendations: Sudeep Shah of SBICAP Securities suggests Apollo Hospitals Enterprise and LT Foods as top stock picks, foreseeing a bullish trend in Nifty and Bank Nifty. Nifty's breakout from a 31-day consolidation phase targets 25800-26100, while Bank Nifty, hitting record highs, aims for 59000. Accumulation zones and stop-loss levels are provided for both stock recommendations.
7:10 PM
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RBL Bank aims to boost net interest margins by expanding its retail business with higher-yielding assets like commercial vehicle and used car financing, targeting underpenetrated markets. The bank intends to leverage digital tools and partnerships while controlling costs by integrating credit responsibilities into existing roles. They are also optimistic about improvements in microfinance collections and strategically managing regional exposure.
4:10 PM
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Starting July 2025, SBI, HDFC Bank, and Kotak Mahindra Bank will implement significant credit card changes. SBI Card discontinues air accident insurance and updates its Minimum Amount Due calculation. HDFC Bank introduces new charges for gaming, wallet loads, and utility payments, while Kotak Mahindra Bank replaces the Myntra Card with the Kotak League Credit Card.
3:10 PM
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July 2025 brings key financial and service changes for Indian consumers. Aadhaar becomes mandatory for online Tatkal train bookings, with stricter OTP verification. Axis Bank revises ATM charges, increasing fees for transactions exceeding free limits. ICICI Bank introduces new service fees, impacting ATM usage and cash transactions. The government will also announce new interest rates for small savings schemes.
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