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Sunday, July 6, 2025

Top stocks to buy in upcoming week: Nifty broader trend still bullish - check stock recommendations with a 3-month horizon

Stock market recommendations: Sudeep Shah from SBICAP Securities suggests Chennai Petroleum Corporation and KPR Mill as top stock picks for the week. Nifty ended flat last week, showing market indecision, while Bank Nifty, despite a minor dip, remains bullish.

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Brics Summit 2025: Sitharaman holds bilateral talks with Russia, China & Brazil

In Rio de Janeiro, Finance Minister Nirmala Sitharaman engaged in high-level talks with Brics counterparts from Russia, China, Brazil, and Indonesia, reinforcing India's dedication to collaboration. Discussions spanned financial cooperation, the New Development Bank, and global growth strategies.

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PSBs to hire 50,000 staff in FY26; monetisation of subsidiaries on cards

Public sector banks are gearing up to recruit approximately 50,000 personnel this financial year, including 21,000 officer-level positions, to expand operations and enhance customer service. State Bank of India will lead the hiring spree, onboarding around 20,000 individuals. While facing short-term margin pressures, the sector anticipates healthy earnings growth between FY25 and FY27.

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Bears hit top 10 firms’ worth by Rs 70k cr; HDFC Bank, ICICI Bank among worst losers

Amid global uncertainty, six of India's top ten companies, including HDFC Bank and ICICI Bank, saw a collective market valuation loss of Rs 70,325.5 crore last week. The BSE Sensex fell due to FPI outflows and anticipation of US tariff talks. Reliance Industries and Infosys, however, bucked the trend with gains.

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Saturday, July 5, 2025

Gold price prediction: Yellow metal may hit Rs 1 lakh in second half; driven by investment related demand

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.

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