Dixon Technologies shares surged following a doubled Q1 net profit, leading brokerages to raise target prices, anticipating continued earnings growth. Revenue is projected to double by FY27, fueled by mobile orders and a Vivo JV ramp-up. While growth prospects are strong, some analysts cite pricey valuations compared to global peers.

The rupee had rose to a six month high in mid May, LSEG data showed, but shed its gains due to tariff uncertainties and India-Pakistan war. Intervention by the RBI too prevented excess appreciation during May, traders said.

Outward remittances from India reached $2.3 billion in May, according to recent bulletin data. Travel expenses constituted the largest portion, accounting for $1.38 billion, a rise of $118 million from April. However, these outward remittances experienced a 4.4% decrease compared to May of the previous year. Additionally, Indians spent $149 million on education and $322 million supporting close relatives.

The S&P 500 and Nasdaq reached record highs, boosted by Nvidia and GE Vernova. A potential trade deal between the U.S. and the European Union is in the works. GE Vernova s shares surged after strong earnings reports. Nvidia also fueled market gains. Investors are closely watching Tesla s performance. The market is anticipating future discussions and acknowledging past challenges.

Gold prices stabilized after a previous session decline, influenced by easing trade tensions that diminished safe-haven demand, despite a weaker dollar providing some support. Progress in U.S.-Japan trade deal and potential EU-U.S. agreement boosted risk sentiment. Investors are now awaiting U.S. jobless claims and PMI data, anticipating the Federal Reserve s upcoming monetary policy decision.

The euro is nearing a four-year high, while the yen has strengthened due to progress in US trade deals with the EU and Japan, boosting market confidence. These agreements have reduced the risk of trade retaliation, positively impacting risk sentiment. Despite domestic political uncertainty surrounding Prime Minister Ishiba, Japan s trade deal has fueled stock gains.

Oil prices saw an increase on Thursday. This rise is attributed to positive sentiments surrounding US trade talks. A significant drop in US crude inventories also played a role. Progress in US tariff negotiations is expected to prevent worst-case scenarios. However, uncertainties in US-China trade talks and Russia-Ukraine negotiations are limiting further gains.

Several prominent companies including Life Insurance Corporation of India, HDFC Bank will turn ex-dividend on July 25, 2025. Today is the last day for investors to buy shares to be eligible for dividends. LIC declared a dividend of Rupees 12 per share. HDFC Bank announced a special dividend of Rupees 5 per share.

Kellton Tech Solutions and RIR Power Electronics will implement their stock splits. Trading will be ex-split on July 25, 2025. Investors must buy shares by July 24 to benefit. Kellton Tech and RIR Power will split shares in a 1:5 ratio. This action aims to boost liquidity and attract retail investors.