Share Market News: D-street is expected to factor in several key developments in trade on July 11. Domestic triggers such as the beginning of the Q1 FY 2025-26 earnings season and global triggers such as US trade policy related developments are likely to impact trade on D-street today. Additionally fluctuations in commodity prices such as gold rates and crude oil prices are also expected to impact trade.
Earlier on July 10 the headline indices closed lower for the second consecutive session. The 30-share Sensex finished at 83,190.28, down by 345.8 points or 0.41 per cent. On the other hand the Nifty 50 finished at 25,355.25 down by 120.85 points or 0.47 per cent.
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Trump’s Proposed Sanctions On Russia
On July 9, US President Donald Trump addressed reporters present at a cabinet meeting and said that he is considering backing a bill which seeks to sanction Russia. The sanctions are a part of the US negotiations to stop the Russia-Ukraine war. Earlier this year the bill was introduced in the US Senate. The bill also seeks to put a 500 per cent tariff on countries which buy energy related products from Russia. Notably India also imports mineral fuels from Russia.
“I’m looking. It’s totally at my option. They pass it totally at my option, and to terminate totally at my option. And I’m looking at it very strongly,” said Trump on Tuesday to reporters during a Cabinet meeting.
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Crude Oil Prices On July 11
Crude oil prices edged higher on June 11, West Texas Intermediate traded at $66.82 per barrel up by $0.25 or 0.38 per cent. On the other hand the price of Brent Crude also edged higher to $68.82 up by $0.18 or 0.26 per cent.
Gold Rate On July 11
On July 11 gold prices inched up with the price of one gram of 24 karat gold trading at Rs 9,841, the price of one gram of 22 karat gold was around Rs 9,021 and the price of one gram of 18 karat gold was around Rs 7,381.
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Stocks In Focus On July 11
The Q1 FY26 earnings season has begun companies such as Avenue Supermarts, Aditya Birla Money, Droneacharya Aerial Innovations, Elecon Engineering Company, Jagsonpal Finance & Leasing and Astonea Labs will declare their financial results on July 11.
TCS and Tata Elxsi
TCS share price and Tata Elxsi share price are expected to be in focus on July 11 after the two Tata Group companies announced their financial results for the first quarter of FY25 on July 10 after market hours.
Hindustan Unilever Share Price
Shares of HUL will be in focus on July 11 after the FMCG company informed the exchanges that its Managing Director & Chief Executive Officer (MD & CEO) Rohit Jawa will resign from his role effective July 31. HUL’s board of directors has appointed Priya Nair as the MD & CEO.
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Glenmark Pharmaceuticals
Shares of Glenmark Pharmaceuticals are expected to be in focus today after the company informed the exchanges that IGI Therapeutics SA, a wholly owned subsidiary of Ichnos Glenmark Innovation, Inc. (IGI) announced that it has entered a licensing agreement for IGI’s lead investigational asset, ISB 2001 with AbbVie. Notably Ichnos Glenmark Innovation is a joint venture between Glenmark Pharma and Ichnos Sciences Inc.
Aegis Logistics
Aegis Logistics shares will be in focus on July 11 after the company informed the exchanges that it has transferred its liquified petroleum gas (LPG) terminal located in Pipavav, Gujarat, to Aegis Vopak Terminals through a slump sale for Rs 428.4 crore.
JB Chemicals & Pharmaceuticals
JB Chemicals & Pharmaceuticals informed the exchanges that its board of directors have appointed Richa Arora as an Independent Director.
Centrum Capital Fundraise
Centrum Capital informed the exchanges that its Board of Directors is expected to meet on July 15 to mull a proposal for a fundraise through the issue of equity shares or other eligible securities.
US Markets Finish Higher
Wall Street indices finished higher on July 10 with the Dow Jones Industrial Average closing 192.34 points or 0.43 per cent higher at 44,650.64. On the other hand the Nasdaq Composite and the S&P 500 also closed higher by 0.09 per cent and 0.27 per cent higher respectively.
Asian Indices Trade Mixed On July 11
On July 11 most Asian indices opened in the green. In the early hours of July 11, the Nikkei 225 traded at 39,638.38 down by 0.02 per cent. On the other hand other major Asian indices such as the Shanghai Composite, KOSPI and the Hang Seng traded higher by 1.05 per cent, 0.02 per cent and 1.61 per cent respectively.
