Gold Prices Dip Amid US-India Trade Talks

Nvidia's CEO, Jensen Huang, made headlines by selling 300,000 shares worth nearly $50 million, as the company thrives in the booming AI sector. This week alone, he sold 75,000 shares for about $12.94 million and 225,000 shares for around $37 million. Nvidia’s GPUs are in high demand, solidifying its position as the most valuable publicly traded company globally, with a market cap exceeding $4 trillion. Additionally, Nvidia plans to resume chip sales to China, following U.S. government assurances for export licenses, showcasing Huang's commitment to expanding in the Chinese market.

Mahindra & Mahindra and TVS Motor Company are expected to outperform the broader market, according to expert Milan Vaishnav. Both stocks are in a consolidation phase, suggesting a potential breakout soon. While HDFC AMC may experience minor corrections, its overall uptrend remains strong. The Nifty 50 has struggled recently, and it's crucial for it to maintain levels above 25,000 to avoid further declines. The Bank Nifty may test its support level of 56,000, indicating a cautious outlook ahead. Investors should keep an eye on these stocks as they show promising signs.

Shares of battery-material producers in Asia-Pacific surged after the U.S. announced a staggering 93.5% anti-dumping duty on graphite imports from China. This move aims to protect U.S. industries, as Chinese companies were accused of unfairly subsidizing their products. The increased tariffs, totaling 160%, may benefit non-Chinese suppliers, encouraging U.S. buyers to seek alternative sources. Companies in South Korea and Australia saw significant stock gains, highlighting the growing importance of a resilient supply chain for critical battery materials.

A tragic incident occurred at AIIMS Patna when Yadavendra Shahu, a first-year MBBS student from Odisha, was found dead in his hostel room. Concern arose when his phone was found ringing inside, prompting local police to investigate. Upon entering the room, they discovered his body on the bed. Authorities are conducting an investigation into the cause of death, considering various possibilities such as foul play or health issues. The student's family has been notified, and a post-mortem will be carried out. This shocking event follows another violent incident involving a retired health official in Bihar.

Mukesh Ambani's Reliance Industries has kicked off fiscal year 2026 with impressive financial results for April-June. The company achieved its highest-ever quarterly net profit of ₹30,783 crore, marking a 76.5% increase from last year. Key growth drivers include telecom, retail, and oil-to-chemical sectors, with Jio Platforms seeing a surge in subscribers. Reliance Retail expanded its customer base significantly, while the EBITDA margin improved to 21.2%. With a strong performance in a volatile global market, Ambani remains optimistic about doubling growth every few years.

The FII long-short ratio has dropped to a mere 15%, signaling a bearish market trend. Historically, when this ratio falls, the market tends to experience limited downside, suggesting that the current negativity might already be priced in. Stocks like NMDC, KIMS Hospital, and GMDC are expected to rise despite the bearish sentiment. The Nifty 50 has struggled for three weeks, hovering below critical support levels. As heavyweights announce Q1 results, market reactions could influence future trends. Investors should watch key support and resistance levels closely.

Reliance Retail has acquired the iconic home appliances brand Kelvinator, aiming to bolster its presence in India’s booming consumer durables market. Known for its innovative refrigeration solutions since the 1970s, Kelvinator will enhance Reliance’s product offerings, making quality appliances more accessible to Indian families. Isha Ambani highlighted that this acquisition aligns with their goal of introducing trusted global innovations to local consumers. With a strong retail network, Reliance aims to expand Kelvinator's reach and tap into the premium segment, providing more options for customers.

The Securities and Exchange Board of India (SEBI) is revamping mutual fund categorization to improve clarity for investors and reduce portfolio overlaps. The draft circular proposes that Asset Management Companies (AMCs) can launch a second scheme in the same category, provided the original scheme has been around for over five years and has assets exceeding ₹50,000 crore. This change aims to foster innovation while ensuring investor protection. With 20 proposals affecting various fund types, these changes reflect the growing mutual fund industry and the need for clearer regulations.

Sanjay Kumar from PNB MetLife highlights that while the RBI's August rate cut is uncertain, improving inflation and a good monsoon could change the outlook. He anticipates strong growth in the auto sector in the latter half of FY26, driven by rising disposable incomes in both rural and urban areas. The positive effects of recent income tax cuts and a robust monsoon are expected to boost vehicle sales and overall consumption. With a supportive economic environment, a recovery in various sectors, including discretionary spending, seems imminent, paving the way for better earnings and market performance.

In today's tough market, private-equity firms are turning to continuation funds, allowing investors to cash out while retaining ownership of top-performing companies. Real Chemistry's recent sale to New Mountain Capital exemplifies this trend, with about 80% of investors opting to cash out, reaping significant returns. Continuation funds are gaining popularity, accounting for a record portion of private-equity exits. While these funds help provide liquidity, they are also attracting attention as firms seek to hold onto their best assets instead of selling. This shift reflects the evolving landscape of private equity in challenging economic times.

Nurses in Maharashtra have gone on an indefinite strike, impacting services in Mumbai's government hospitals. With over 25,000 nurses participating, major surgeries are postponed, and only emergency cases are being handled by nursing students and doctors. The Maharashtra State Nurses Association is demanding better pay, job security, and staffing improvements. Hospitals are struggling to manage the situation, prompting hospital deans to hold urgent meetings with officials. While the health minister promises discussions, the nurses remain steadfast, insisting on their demands being met before calling off the strike.

Economists are slightly more optimistic about the U.S. economy, expecting stronger growth and job creation while lowering recession risks and inflation forecasts. This change follows the easing of tariff threats by President Trump, which had previously clouded economic sentiment. Job growth has improved, with unemployment dipping recently. However, concerns remain due to trade uncertainties and potential inflation from tariffs. While the labor market outlook is recovering, immigration changes may offset some economic gains. Overall, the economy shows resilience but remains cautious.

On July 18, Indian markets are set for a positive start, tracking GIFT Nifty trading at 25,205.50. After a recent dip, where the Sensex fell by 375.24 points and Nifty by 100.60 points due to selling in IT and banking sectors, the broader indices showed resilience. Asian stocks are rising, driven by strong economic data from the US, while the S&P 500 and Nasdaq hit record highs. Foreign institutional investors have been net sellers, while domestic investors continue to buy. Today's market holds promise for traders, with positive global cues suggesting a potentially profitable day ahead.

PVR INOX Ltd shares fell after Karnataka proposed a Rs 200 cap on movie ticket prices, affecting all theatres in the state. This rule could significantly lower ticket revenue, impacting PVR-INOX's overall earnings. Karnataka is a crucial market for the company, accounting for 12.3% of its screens and contributing significantly to Hindi box office collections. If implemented, the cap could hinder franchise expansion and make profitability challenging, especially in premium formats. Analysts are watching the situation closely, maintaining a cautious outlook on the company's stock.

Monika Alcobev, a Mumbai-based liquor importer, has seen a strong response to its IPO, being 1.51 times subscribed on the second day of bidding. The company aims to raise Rs 165.63 crore by offering 47.91 lakh fresh shares and selling 10 lakh shares from existing shareholders. The price range for shares is set between Rs 271-286. Non-institutional investors are particularly enthusiastic, with their bids oversubscribed 2.95 times. Funds raised will support working capital and debt repayment, while the firm holds exclusive rights to distribute over 70 global liquor brands in India.

SEBI's Ananth Narayan raised alarms about the overwhelming volume in short-term F&O contracts, noting that on expiry days, index options often see 350 times more turnover than the underlying cash market. This imbalance can harm market stability and investor confidence. He emphasized the need to enhance the quality of derivatives by extending their tenure, while also calling for a deeper cash equities market. With 91% of individual traders facing losses in F&O trading, SEBI's reforms aim to address these issues, focusing on sustainable trends and engaging all stakeholders in dialogue.

The Securities and Exchange Board of India (SEBI) is set to simplify mutual fund classifications, helping investors better understand their options. Scheduled for release this week, the draft aims to make schemes more intuitive, minimizing the risk of mis-selling and ensuring that funds remain "true to label." As India's mutual fund market continues to grow, with assets surpassing Rs 74 lakh crore, this initiative will empower more individuals to participate in investing. By reviewing and enhancing scheme norms, SEBI aims to create a more accessible investment landscape for all.

In June, domestic investors showed decreased interest in thematic and sectoral funds, with net inflows dropping to Rs 470 crore, per Elara Capital's report. Manufacturing-themed funds experienced outflows for the seventh month, while Energy funds saw a significant Rs 740 crore outflow, the highest in four years. Despite fluctuations, thematic funds had a total net inflow of Rs 64,488 crore over the past year. The top 10 funds accounted for nearly half of June's inflows, with the Parag Parikh Flexi Cap Fund leading the way. Overall, mutual fund inflows bounced back to Rs 23,500 crore from Rs 19,000 crore in May, signaling a recovery.