GST Council meeting, Senco Gold IPO share allotment, EPFO higher pension deadline among Top News on July 11: Stock markets outlook today, Gold price, fuel price, Nothing Phone 2 launch, World Population Day, and more

Produced by: Bhoomika

Senco Gold IPO share allotment on July 11

The Rs 405-crore IPO of Senco Gold was overall subscribed 77.25 times. The issue was open for subscription between July 4 and July 6 in the price range of Rs 301-317 per share. The share allotment will happen on today.

GST Council meeting on  July 11

The members of the 50th GST Council  led by Finance Minister Nirmala Sitharaman will meet on July 11 in New Delhi to discuss the group of ministers' report on online gaming, casinos, and horse racing, and also finalise the rules of the GST Appellate Tribunal.

Tatva Chintan board to consider fund-raise

Tatva Chintan Pharma Chem Limited board meeting will be held on July 11 to consider and approve fundraising.

The Nifty witnessed a range-bound trading session and consolidated within the range (19,524 – 19,303) of the previous trading session. It closed in the green by 24 points, as per Jatin Gedia, Technical Research Analyst, Sharekhan.

Stock markets outlook today (July 11)

Gold prices on July 11

Gold resumed trading on a slightly negative note following an uptick in the US dollar. The spot gold price at Comex was trading lower by 0.06% at $1,923 per ounce. The gold August future contract at MCX were trading down by 0.12% at Rs 58,700 per 10 grams by noon session. Comex Gold could move in a range of $1900 to $1960 with a moderately positive bias, as per  Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.

Maldivian Foreign Minister to meet S Jaishankar

Indian Foreign Minister S Jaishankar will be meeting the Maldivian Foreign Minister Abdulla Shahid to discuss bilateral, regional and international issues of mutual interest and exchange project development agreements under Indian grant assistance.

Crude oil prices retreated on Monday as traders took profits after prices gained more than 4% in the previous week. With the benchmark NYMEX WTI Crude oil trading down by 0.35% at $73.39 per barrel. In the previous week, crude oil prices surged to four-week highs on the back of supply concerns. We expect bullish momentum to continue in crude oil, and traders can adopt a buy-on-dip strategy this week, said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.

Crude oil price outlook today (July 11)

Nothing Phone (2) is set to launch globally on July 11. Ahead of the official launch details like India price, camera, display and more have been tipped online. Nothing has confirmed that the smartphone is “Made in India” and will come with Snapdragon 8+ Gen 1 chipset. The smartphone is now available for pre-order on Flipkart

Nothing Phone (2) launch

A flood warning for July 11 has been issued in Delhi, as Haryana released more than one lakh cusecs of water into river Yamuna following heavy rainfall. Around 24 trains running on the Delhi-Ambala route have been cancelled following inclement weather in North India. Himachal Pradesh is dealing with floods and landslide due to incessant rain

Weather update on July 11

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 11)

World Population Day is an annual event, observed on July 11 every year, which seeks to raise awareness of global population issues. World Population Day 2023 seeks to focus attention on the urgency and importance of population issues.

World Population Day 2023