JSW Energy shares rise 4% on strong Q1 results, renewable and thermal push gains
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Economic Times
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Trade tariff uncertainty & US Fed rates led to volatile swings in bullion
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The month of July 2025 displayed a two-way trend for bullion, offering both buyers and sellers opportunities to book profits. Bullion began the month in a range-bound manner as investors assessed US Federal Reserve Chair Jerome Powell's cautious stance on rate cuts. Meanwhile, a weaker US Dollar Index lent support to the greenback-priced the trend shifted, and gold prices reacted sharply to a series of unexpected announcements from US President Donald prices surged after the US Senate, controlled by Republicans, passed a wide-ranging tax-cut and spending bill, dubbed the 'big, beautiful bill.' The bill proposed significant cuts to several social service programs and was projected to add $3 trillion to the fiscal deficit over the next decade. This raised fiscal concerns and drove investors toward the safe-haven asset— addition, President Trump rattled global markets by announcing a wave of tariffs on various countries: 50% on US copper imports, 35% on imports from Canada, blanket duties of 15–20% on most other trade partners, and 30% on imports from Mexico and the European Union, all effective from August 1. These measures followed failed trade negotiations with major US European Union and Mexico called the tariffs unfair and disruptive, with the European Commission preparing to target $84.1 billion worth of US goods for potential retaliatory tariffs if talks failed. To add to the uncertainty, President Trump publicly expressed a desire to fire Fed Chair Jerome geopolitical tensions escalated as Israel launched powerful airstrikes in Damascus, damaging the Defence Ministry and striking near the presidential palace. The attack increased geopolitical worries and further supported demand for gold. In Japan, the ruling coalition lost control of the upper house, weakening Prime Minister Ishiba's authority as the US tariff deadline developments caused jitters in the markets and pushed safe-haven demand sharply higher. Both MCX Gold and Gold Spot surged, touching Rs 100,329 per 10 grams and $3,431 per ounce, what goes up must come down. The final week of July brought an abrupt reversal. Both MCX Gold and Gold Spot fell sharply—by over 2%—after President Trump clarified that he was not planning to fire Powell, though he continued criticizing him for not cutting interest Trump struck a trade deal with Japan to lower auto tariffs, marking the most significant agreement since the tariff announcements in April 2025. Similarly, the US reached a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods—thus averting a major trade war between the two global trading month-end, the Federal Reserve kept interest rates unchanged and gave little guidance on potential cuts, reducing the appeal of the zero-yield the US and Mexico agreed to extend their existing trade deal by 90 days to allow more time for negotiations toward a new agreement. This further dampened gold's safe-haven the near term, MCX Gold October Futures (CMP: Rs 98,700) is expected to decline towards Rs 96,500 per 10 grams.(The author is DVP- Research, Non-Agri Commodities and Currencies, Angel One Ltd : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
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Sawaliya Food Products IPO to open on August 7, price band set at Rs 114
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Economic Times
30 minutes ago
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MCX shares slip over 3% on profit booking after a sharp 5% rally on strong Q1 results
Stock Price Performance and Technical Indicators Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Multi Commodity Exchange of India (MCX) fell 3.7% to Rs 7,680 on the BSE on Tuesday as investors booked profits following a strong rally in the previous session. The stock had surged over 5% on Monday after the company reported robust Q1 earnings and announced a stock the quarter ended June 30, MCX posted impressive financial results. The company's total income jumped 60% year-on-year (YoY) to Rs 405.82 crore—marking its highest-ever quarterly revenue. Net profit, or profit after tax (PAT), rose sharply by 83% YoY to Rs 203.19 crore, while EBITDA came in at Rs 274.27 company's board approved a stock split in a 1:5 ratio, reducing the face value of shares from Rs 10 to Rs 2. The move, which is subject to shareholder and regulatory approval, is aimed at enhancing liquidity, making the stock more affordable for retail investors, and encouraging wider market the operational front, MCX continued to show strong growth. Average daily turnover during the quarter surged 80% YoY to Rs 3.1 lakh crore. This rise was driven by increased participation from institutional investors and MSME hedgers, aided by an expanded range of tradable the past year, MCX shares have delivered a strong return of nearly 85%, reflecting robust investor confidence and solid business performance. The stock has touched a 52-week high of Rs 9,110 and a low of Rs 4,075 during this period, highlighting significant upward a technical perspective, the Relative Strength Index (RSI) on a 14-day basis currently stands at 48.4. The RSI is a momentum indicator that measures the speed and change of price movements—a reading below 30 indicates the stock may be oversold, while a reading above 70 suggests it could be overbought. At current levels, MCX is trading in a neutral zone, indicating neither overbought nor oversold conditions, which could signal consolidation or a potential directional move depending on market cues.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
