12h ago
MCX gold drops Rs 960 to Rs 1,45,958 per 10 grams; silver falls Rs 2,913 to Rs 2,33,186 per kg ahead of Fed minutes
Gold and silver futures extended their decline for a second session on India’s MCX on Tuesday, with August 2026 gold down Rs 960 at Rs 1,45,958 per 10 grams and September 2026 silver down Rs 2,913 at Rs 2,33,186 per kg. In international markets, spot gold slipped 0.6% to $4,138.32 an ounce and spot silver fell 1% to $61.48 an ounce. Markets are focused on the Federal Reserve’s June meeting minutes due Wednesday, with traders now pricing in a roughly 56% probability of a rate increase in September, according to the CME FedWatch tool. The minutes could shift expectations and trigger short-term volatility.
12h ago
12h ago
India’s Nifty and Sensex open slightly higher on July 7, 2026 as Brent trades near $73 and Samsung slides 7%
A tanker caught fire after being hit by an “unknown projectile” off Oman in the Strait of Hormuz on July 7, raising concerns over security along a key global oil shipping route. Brent crude traded near $73 a barrel. Samsung Electronics shares fell 7% the same day. Indian equities opened higher, though the geopolitical incident and Samsung’s drop were separate negative factors.
12h ago
13h ago
South Korea’s KOSPI plunges 6.2% to 7,546.10 as AI-driven chip rally faces scrutiny
South Korea’s KOSPI slid 6.2% to 7,546.10 in a single session, triggering a “sidecar” curb that temporarily halted programme trading. Samsung Electronics fell 7.47% and SK Hynix dropped 6.70%, and together they account for more than half of the index’s weight. Other heavyweights including LG Energy Solution, Hanwha Ocean and Hyundai Motor also posted steep losses. Foreign investors were net sellers of South Korean stocks, offloading $851 million worth on the day.
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13h ago
13h ago
Trent draws mixed brokerage calls after Q1 standalone revenue rises 19% to Rs 5,666 crore
Trent reported FY2025 Q1 standalone revenue of Rs 56.66 billion, up 19% year on year, slightly below some brokerage expectations. The retailer added one Westside store and 19 Zudio outlets in the quarter, taking its total store count to 1,312. Bernstein kept an 'Outperform' rating with a Rs 3,500 target, Morgan Stanley reiterated 'Overweight' with a Rs 3,151 target, and Citi maintained a 'Sell' with a Rs 2,733 target. The stock closed at Rs 3,343.8 on Monday, up 16.6% in 2026 and outperforming the Nifty 50.
13h ago
13h ago
South Korea financial regulator warns households against excessive leveraged stock bets
South Korea’s Financial Supervisory Service (FSS) warned that heavy concentration of household financial assets in leveraged stock investments could seriously damage household financial health. FSS Governor Lee Chanjin urged financial institutions to strengthen risk management and take preemptive steps when needed. Industry data show that between May 27 and June 22, retail investors were net buyers of 8.9 trillion won ($5.8 billion) in leveraged ETFs tracking single heavyweight stocks. The warning comes as the KOSPI has risen this year on a global boom in spending on artificial intelligence data centers, even as volatility has increased.
13h ago