Mayor Brandon Johnson, who has made housing a cornerstone of his policy agenda, faces a tough decision in the coming weeks to choose a new leader for the embattled agency.
The markets broke out after six weeks of consolidation, with the Nifty gaining 2.09%. Support levels have risen to the 25100-25150 zone, and leadership is expected to shift towards bottoming-out sectors. Focus should be on profit-taking in overperforming sectors and shifting to those with improved relative strength, with potential resistance at 25750 and 26000.
The squeeze sets the stagethe breakout steals the show. For 31 trading sessions, the Nifty moved in a narrow consolidation range, building silent pressure with every passing day.
Warren Buffett has donated $6 billion in Berkshire Hathaway stock to philanthropic organizations, including the Bill & Melinda Gates Foundation and family foundations. This donation, comprising over 12.36 million Class B shares, continues Buffett's tradition of charitable giving, bringing his total contributions to over $60 billion.
Israeli strikes in Gaza have killed at least 34 people, including displaced individuals sheltering at the Palestine Stadium, as ceasefire prospects inch closer. The strikes, which occurred late Friday and into Saturday, exacerbate the dire humanitarian crisis faced by Palestinians.
Over the five trading sessions ending on June 27, the Sensex gained 2%, or 1,651 points, closing at 84,059. The index recorded gains on four out of the five days, including a 1,000-point surge on Thursday. During the week, 11 BSE midcap stocks registered consistent gains across all five sessions. (Data Source: ACE Equity)
Silver prices have surged, exceeding 1,00,000/kg in India, driven by geopolitical tensions, supply constraints, and rising industrial demand, particularly from China. Currency fluctuations and monetary policy uncertainty further contribute to the volatility. While long-term prospects are positive due to silver's industrial applications, short-term corrections are expected amid economic data and central bank signals, requiring cautious investment strategies.
A substantial $1.86 billion in pre-IPO shareholder lock-ins is expiring in July 2025, potentially altering the ownership structure of several recently listed firms. Nuvama Institutional Equities reports that these expiries encompass both promoter and non-promoter holdings across multiple companies. While the shares become tradable, not all are expected to be sold, as many may remain with long-term investors.
A mortar shell struck a house in Kachhi Kamar village, Kurram district, Khyber Pakhtunkhwa province, near the Afghan border, injuring fourteen people, including five children aged 5-11. The explosion partially damaged the house, prompting villagers to rescue the injured and transport them to a hospital. Local authorities have initiated an investigation to determine the source of the mortar fire.
