Nifty 50 opened at 25,511.65, rising 35.55 points or 0.14% from its previous close of 25,476.10. Bank Nifty began the session at 57,339.75, up by 126.20 points or 0.22%. Sensex opened at 83,658.20, gaining 122.10 points or 0.15% over its previous close of 83,536.08. Gift Nifty opened at 25,556
Global index as of 10 July 2025
- DOW 30 rose by 217.54 points, closing at 44,458.30, up 0.49%.
- S&P 500 advanced 37.74 points to finish at 6,263.26, gaining 0.61%.
- NASDAQ surged by 192.87 points, ending at 20,611.30, up 0.95%.
- FTSE 100 edged higher by 12.84 points, closing at 8,867.02, up 0.15%.
- DAX jumped 342.65 points to settle at 24,549.60, marking a 1.42% increase.
Commodities Update
Gold: Currently trading at ₹9,817per gram.
Silver: Down by ₹0.10, now at ₹109.90 per gram.
Crude Oil: Prices have risen by 0.14%, reaching 69.595, compared to the previous close of 69.095.
Global events/updates
U.S. PRESIDENT TRUMP
- 30 percent import tariff will be imposed on Algeria, Iraq, Sri Lanka, and Libya
- 25 percent import tariff on Brunei and Moldova
- 20 percent on Philippines
Starlink Gets IN-SPACe Nod, Awaits Final Clearances for India Launch
Elon Musk’s Starlink has received authorization from India’s space regulator, IN-SPACe, to offer satellite-based services in the country. The approval covers the Gen1 constellation satellite capacity over India.
However, Starlink still awaits final clearances from the Ministry of Home Affairs (MHA) and the Department of Telecommunications (DoT) before it can commence operations.
AI
Chinese firms plan to deploy approximately 115,000 advanced NVIDIA chips across multiple AI data centers, construction is currently underway, with DeepSeek seeking partnerships.
Stocks to watch
- Amber Enterprises: The company will consider fundraising of up to Rs 2,500 crore at its board meeting on 12 July.
- Ambuja Cements, ACC: Subsidiary ACC has successfully commissioned a brownfield grinding unit project at its Sindri Plant in Jharkhand, with a capacity of 1.5 million tonnes per annum (MTPA), increasing the total installed cement capacity to 104.45 MTPA.
- Asian Paints: The company sold its entire holding of 20.1 lakh equity shares, or a 4.42% stake, in Akzo Nobel India at Rs 3,651 per share through a bulk deal, amounting to Rs 734 crore.
- Quality Power: The company and Yash Highvoltage have acquired a 100% stake in Sukrut Electric Company, a Pune-based transformer component manufacturer, via a full buyout from a German multinational.
- UPL: The company acquired a 100% stake in Wuhan Advanta Seeds through its subsidiary for $4,200, to carry out seed and related business operations.
- Railtel Corporation: The company received an order worth Rs 17.5 crore from the Chhattisgarh General Administration Department.
- NIIT Learnings: Its Ireland-based arm acquired MST Investment Holding GmbH and its subsidiary for EUR 22.4 million (Rs 224 crore).
- Enviro Infra Engineers: The company, in joint venture with AltoraPro Infrastructure, received an order worth Rs 395 crore from Maharashtra Industrial Development Corporation.
- Oil India: The company signed an agreement with GAIL (India) to supply 900,000 standard cubic metres per day of natural gas.
- Bharti Airtel: The company has incorporated a step-down subsidiary, Airtel Money.
- Indosolar: Promoter Waaree Energies will sell a 2.4% stake or 10 lakh shares via OFS on 10–11 July 2025 at Rs 265 per share.
- Share India Securities: The company approved an additional investment of Rs 30 crore in MSE through acquisition of 15 crore equity shares, representing around 1.36% of MSE’s post-issue capital.
- NCL Industries: In its quarterly update, the company reported a 5% year-on-year decline in cement production at 6.34 lakh MT, and a 4% fall in dispatches at 6.28 lakh MT.
- Redington: The company signed an agreement with Amazon Web Services for a downstream strategic distribution partnership.
- Elitecon International has approved the 100% acquisition of UAE-based Prime Place Spices Trading L.L.C for a total consideration of ₹700 crore, aligning with the company’s strategic goal to enter global FMCG markets.
Written by Manideep Appana
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