Ambuja Cement, 3 other Adani stocks to trade ex-dividend, PM Modi Varanasi trip, to flag off Vande Bharat train in Top News on July 7; Suzlon Energy to mull fundraise, Nifty today, Samsung Galaxy M34 5G launch

Produced by: Bhoomika

Navin Fluorine, Sah Polymers, 4 Adani stocks to trade ex-dividend

Navin Fluorine, Sah Polymers, 4 Adani stocks - Adani Enterprises, Adani Total Gas, ACC, Ambuja Cement are among the stocks set to trade ex-dividend today (July 7).

Suzlon Energy to consider raising funds on July 7

"This is to inform that a meeting of the Board of Directors of the company will be held on 7 July 2023 to consider and approve capital raising by way of one or more or a combination of permissible methods and seeking approval of the shareholders," Suzlon Energy said in a filing.

"The Nifty resumed its uptrend after two days of consolidation and achieved our short-term target of 19,500. It closed with gains of witnessed a day of 87 points. Overall, the trending moves are resuming and slowly it is inching higher. We revise the target upwards to 19,900," said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Stock markets outlook today (July 7)

PM Modi’s Varanasi trip

Prime Minister Narendra Modi is set to visit Varanasi on July 7 to inaugurate and lay the foundation stones for development projects worth more than Rs 12,100 crore. He will flag off two Vande Bharat Express trains - Gorakhpur-Lucknow Vande Bharat Express and the second train is the Jodhpur-Sabarmati Vande Bharat Express.

Image from PM Modi's previous visit to Varanasi

Gold Price today (July 7)

Gold prices consolidated within a range on Thursday, with the gold price at Comex trading down by 0.09% at $1,924 per ounce. Comex spot gold has immediate resistance at $1935/oz until the price trades below this resistance level; one should avoid buying while it has support at $1905/oz. MCX Gold August future has support at Rs 57980 and resistance at Rs 58850, says Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

"Crude oil prices edged higher on Thursday, with the benchmark NYMEX WTI crude oil trading up by 0.59% at $72.19 per barrel. Crude oil prices advance further as the market is now focused on supply-side constraints following production restrictions by Saudi Arabia and Russia and a larger-than-expected decline in US crude inventory data from API," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

Crude oil price outlook today (July 7)

A two-day Mayoral Summit is going to be held in Ahmedabad on 7-8 July, 2023. A side event of the G20 will take place to ideate on ecological and environmental issues and the recommendations would be presented before the G20

G20 engagement group

Image Credit: News On Air

Samsung will be launching its latest smartphone in the M series, the Galaxy M34 5G. Further, Reliance Jio announced JioBharat V2 phone platform, beta trials will start on July 7.

Samsung Galaxy M34 5G launch on July 7

Representational Image

IMD has predicted rainfall, thunderstorms, lightning in Bihar, Himachal Pradesh, Uttarakhand, Jammu-Kashmir-Ladakh-Gilgit-Baltistan-Muzaffarabad, Uttar Pradesh, Punjab, Haryana-Chandigarh-Delhi, Rajasthan, and Madhya Pradesh.

Weather update July 7: Rainfall, thunderstorms in Bihar, Himachal Pradesh, Uttarakhand

Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable.

Petrol, Diesel Price today (July 7)

Today is MS Dhoni aka Thala's birthday. He has turned 42 years old. His Hyderabad-based fans reportedly installed a giant 52 feet tall cut-out in the city. CSK skipper is expected to celebrate his birthday with close friends and family

MS Dhoni's birthday on July 7