Despite Trump's pledge to help Afghan evacuees in the UAE, the Emirati government had already begun returning them to Afghanistan, informing Washington of their plans. The UAE cited a desire to "close this chapter" and sought assurances from the Taliban regarding the safety of those returned.
Pakistan is facing severe consequences from heavy monsoon rains. Many people have died and several are injured due to floods and collapsed buildings. Punjab and Khyber Pakhtunkhwa are the most affected areas. Children are among the deceased. Homes have been destroyed and livestock lost. There are fears of glacier lake outburst floods.
Wipro's Q1 performance was propelled by a robust $5 billion order book, including a significant $2.75 billion large deal. The company anticipates a stronger second half, driven by executing these wins and pursuing new opportunities. Despite macroeconomic uncertainties, Wipro sees strong pipelines in the Americas, Europe, and APMEA, particularly in BFSI, technology, and healthcare sectors.
Swastika Castal's Rs 14.07-crore IPO opened on Monday, featuring a fresh issue of 21.64 lakh shares at Rs 65 each. Despite a significant profit jump in FY25, the IPO shows neutral investor sentiment with no grey market premium. Proceeds will fund capital expenditure and working capital, as the company targets growth in the aluminium casting sector.
In the NSE list of stocks with a market cap of over Rs 1000 crore, 10 stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on July 18, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.Among the notable names that made this move are Capital Small Finance Bank, IG Petrochemicals, NMDC, and Mahindra Lifespace Developers, all of which are now trading above their respective 200-DMA levels.
George Thomas of Quantum AMC advises investors to be selective due to high market valuations, anticipating lower but healthy returns in the coming years. He highlights froth in mid- and small-caps, favoring a bottom-up approach with a focus on auto ancillaries and select FMCG companies.
Several companies, including Happy Forgings and Siyaram Silk Mills, will trade ex-dividend starting July 22, 2025. To receive the declared dividends, investors must purchase shares before the close of trading on July 21, 2025. Voltamp Transformers offers a significant dividend of Rs 100 per share, while others like Wires & Fabriks provide smaller payouts.
Investors were also hoping for some progress in trade talks ahead of President Donald Trump's August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal could be reached with the European Union.
Private markets are booming, attracting retail investors as companies stay private longer. Assets have tripled since 2013 and are projected to reach $62 trillion by 2034. Regulatory changes and new platforms are expanding access, with firms like Forge Global lowering investment minimums, while the White House considers allowing 401(k) investments in private equity.
