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After Trump's mediation, Iran and Israel halted attacks on each other. However, both threatened to attack again if the ceasefire was broken. Crude oil prices cooled down due to peace between Iran and Israel. After rising by $8 intraday yesterday, it closed near 94.
A big blow to Trump on H1 visas. An American court declared the $1 lakh dollar visa fee illegal. Good news for Indian IT companies. GIFT 50 fell by about 50 points to near 23,120, while Dow Futures were flat. Mixed trading in US markets. With buying returning to chip stocks, NSDC jumped 220 points, while the Dow lost 500 points from its day's high and closed 80 points down.
Gold and silver in the global market slipped to their lowest levels in about 6 months. In the domestic market, gold fell by ₹800 to below ₹154,800, and silver slipped ₹2100 to close near ₹246,400.
FIIs made a large net sale of ₹750 crore, including ₹555 crore in cash on the ninth day, while domestic funds injected a large sum of ₹5165 crore in their 15th consecutive day of buying.
Big news on the India-US trade deal. According to sources, the trade deal will be finalized only after the completion of the Section 301 investigation. America's additional 10% tariff is ending on July 24.
In the last quarter of FY26, the country recorded a current account surplus of $710 crore. However, there was a current account deficit of $520 crore for the entire fiscal year.
Positive news for Indian Airtel and Vodafone Idea. The Bombay High Court canceled the 2012 one-time spectrum charge. Orders to return bank guarantees.
And the government will sell up to 3% stake in NLC India through an OFS. The OFS will open today for non-retail and tomorrow for retail at a floor price of ₹303.