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India's private sector surged in June, hitting a 14-month high driven by strong domestic and international demand. The HSBC Flash India Composite PMI reached 61.0, fueled by manufacturing and services. Export orders grew at a record pace, particularly in manufacturing, leading to increased hiring. While input cost inflation eased, business confidence dipped to a two-year low despite the robust growth.
US stock markets edged higher on Monday, seemingly unfazed by the escalating Middle East conflict, including recent US-led airstrikes on Iran's nuclear facilities. The Dow, Nasdaq, and S&P 500 all saw gains, with investors primarily focused on upcoming economic data, earnings reports from major companies like FedEx and Nike, and potential fiscal policy changes in Capitol Hill.
Filing income tax returns for FY 2024-25 is necessary if taxable income exceeds ₹3 lakh (new regime) or ₹2.5 lakh (old regime). Mandatory filing also applies to high-value transactions like large deposits, foreign travel expenses, or high electricity bills.
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.
2025/07/01 01:44:31
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