PC Jeweller said its board has allotted 1.105 crore equity shares to founder and managing director Balram Garg after he exercised fully convertible warrants. Garg paid ₹14.91 crore—75% of the warrant issue price—to complete the conversion, nudging the promoter group’s stake to 38.76% from 38.69%. The company also said it has cleared dues of seven out of 14 banks in its lending consortium ahead of schedule. The filings indicate the retailer is accelerating debt reduction alongside additional promoter funding.

On August 1, 2026, India’s MCX August gold futures were quoted at ₹1,41,599 per 10 grams, up 0.06%, while MCX September silver futures stood at ₹2,17,488 per kg, down 1.13%. Softer U.S. inflation data has pushed market expectations for a Federal Reserve rate hike in September down to 65% from above 80% previously. In international trade, COMEX gold was at $4,098.60 per ounce (-1.49%) and COMEX silver at $57.775 per ounce (-2.10%). The macro shift has been a direct driver of moves in precious metals prices.

Apollo Micro Systems Ltd said it has successfully delivered an indigenously manufactured Safety & Detonation Device (SDD) to the Indian Navy, lifting its shares 2.74% to Rs 388.45. Over the past year, the stock has climbed 125%. The shares are still trading at about a 17% discount to their 52-week high of Rs 466.50.

PC Jeweller said it has repaid more than 96% of its consortium bank debt, with the remaining balance of less than 4% expected to be cleared within the current quarter, taking it to a debt-free position. The company also completed a fresh equity allotment after its promoter infused Rs 41.24 crore to pay the balance amount for warrants. Following the infusion, promoter and promoter group shareholding rose marginally from 38.49% to 38.69%.

Manipal Health Enterprises launched a Rs 9,275 crore IPO on July 29, 2024, among India’s largest healthcare public offerings. The deal comprises Rs 8,000 crore of fresh equity and Rs 1,275 crore in an offer-for-sale. Proceeds are set to primarily repay Rs 5,553 crore of debt, with Rs 574 crore earmarked fo.

On July 1, gold and silver extended a second straight day of declines at home and abroad as markets weighed expectations for higher US interest rates and fading prospects of a near-term US-Iran diplomatic breakthrough. MCX gold for August fell 1.18% to Rs 1,40,844 per 10 grams, while spot gold dropped 0.92% to $3,970.97 per ounce. Silver also slid across futures and spot markets, adding to the pullback in precious metals. Oil prices rebounded on reports that Iran had restarted crude exports after the lifting of the US naval blockade, increasing pressure across commodities.

印度卢比周四早盘大幅反弹，开盘报94.30兑1美元，较前日收盘上涨37派士至94.67。主因是布伦特原油价格单周下跌超10%、单月跌21%，最低至72.28美元/桶，反映霍尔木兹海峡航运恢复正常及地缘紧张缓和。印度作为90%原油依赖进口国，油价回落显著减轻进口账单与经常账户压力。市场亦传闻印度央行干预汇市以稳住95关口。

The United States granted Iran a 60-day sanctions reprieve to restart crude exports, lifting Brent crude to $78.03 a barrel. However, Washington and Tehran offered conflicting accounts of the nuclear talks, leaving geopolitical risks largely unresolved. Asian equities were mixed—Japan’s Nikkei 225 fell 0.6% while Taiwan’s benchmark gained 0.9% to a record high—and U.S. tech weakness pushed the Nasdaq down 1.32% as the Dow rose 0.29%.

UK Prime Minister Keir Starmer announced his resignation, deepening divisions within the ruling Labour Party as more than 100 Labour MPs publicly urged him to step down. The pound weakened to 1.32 against the dollar in the session and has fallen 1.65% over the past five trading days. Analysts said political uncertainty, alongside the dollar index moving above 101, has added pressure on sterling. Markets expect the standoff, if prolonged, to keep the pound under downward pressure.