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Asian and US stock markets experience a decline as economic concerns outweigh optimism from interest-rate cuts. Chip stocks show signs of recovery after US-China trade tensions. Investors await updates on market trends and economic data releases.

​But I will still prefer largecaps over the expensive midcaps, ER&D is totally different ballgame. I am okay to pay more as i am more comfortable paying reasonable value to the largecap service player.

Infosys echoed a continued slack in discretionary spending by clients. During an analyst conference call, it mentioned that though there are early signs of pick up in the banking, financial services, and insurance (BFSI) vertical, the largest revenue generator for the company, a strong recovery is not yet visible. BFSI contributed around 28% to the company’s revenue in the June quarter.

Tata Communications reported a 12.8% YoY increase in PAT for Q1FY25, with revenue surging to Rs 5,633.4 crore. The CEO AS Lakshminarayanan is confident of medium-term growth, having expanded product capabilities and increased customer relevance.

"Gold continues to shine on growing speculation around lower U.S. interest rates this year. Recent dovish comments by Fed officials, complemented with a broadly weaker dollar and subdued Treasury yields have sweetened appetite for the precious metal," said FXTM senior research analyst Lukman Otunuga. [USD/] [US/]

Despite facing margin pressure from significant increases in raw material costs and ocean freight, the company is actively mitigating these challenges through strategic price adjustments, he added.

The number of Americans filing new applications for unemployment benefits rose more than expected last week, while initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 243,000 for the week ended July 1.

"The industry witnessed subdued consumption due to prolonged heat waves, elections, fewer weddings and inflation... This has impacted our profits, however, we have a strong recovery plan," Shoppers Stop Managing Director and CEO Kavindra Mishra said.