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Stock market recommendations: Mirae Asset Sharekhan's Somil Mehta recommends buying Bharat Forge and National Aluminum. Bharat Forge, exhibiting a breakout from a consolidation pattern, is expected to continue its uptrend with targets at Rs 1350. Similarly, National Aluminum has broken out of a bullish flag pattern, projecting an upward movement towards Rs 215.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in trade on Tuesday after Donald Trump announced a ceasefire between Iran and Israel.
Adani Airports Holdings Ltd. (AAHL) has secured $1 billion in financing for Mumbai International Airport (MIAL) through a project finance structure. This includes issuing $750 million in notes for refinancing and a provision to raise an additional $250 million. The funds will support MIAL's capital expenditure program for development and modernization.
Asian shares experienced a surge following the announcement of a ceasefire between Iran and Israel, which eased investor concerns about potential energy supply disruptions. Oil prices declined as the perceived risk of conflict de-escalated, with both Brent and WTI crude futures dropping. The positive market sentiment was further bolstered by indications of a potential rate cut by the Federal Reserve.
US President Donald Trump has intensified his criticism of Fed Chairman Jerome Powell, labeling him 'incompetent' for not lowering interest rates. Despite economists' fears, inflation has remained subdued, even with Trump's tariffs.
Gold prices plummeted on MCX after a reported ceasefire announcement between Iran and Israel, with August futures dropping by approximately 3% to Rs 96,422/10 grams. Silver also declined, while both metals had previously gained due to Middle East tensions.
2025/07/03 09:19:28
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