Gold prices in India stayed elevated on July 11, with 24K gold at Rs 14,483 per gram and 22K at Rs 13,276 per gram, while silver traded at Rs 240.10 per gram. MCX gold futures eased slightly, with price swings narrowing during the session. The article says prices are being supported by inflation concerns linked to the ongoing US-Iran conflict, broader geopolitical risks and Brent crude holding above $77 per barrel. Near-term direction is expected to hinge on geopolitical developments, oil prices, US inflation data and signals from the Federal Reserve.

Rane (Madras) Limited said it will acquire Hindustan Composites’ friction business for ₹370 crore. The unit reported FY26 revenue of ₹315.04 crore and PBT of ₹40.29 crore, and accounted for 84% of the seller’s total turnover. The deal is expected to close by the end of the second quarter and is structured on a cash-free and debt-free basis. Separately, the company reported FY 2025-26 standalone PAT of ₹111.44 crores, up 125% year-on-year, with EPS of ₹40.32 and a proposed 160% dividend.

TSMC is set to report second-quarter earnings on Thursday after saying it is working to meet strong demand for AI chips and is considering raising prices for customers. The update has reinforced expectations of sustained strength across the AI computing supply chain. The story highlights Nvidia, Meta, Apple and AMD as key TSMC customers, with Nvidia and Meta up 4.03% and 5.97% on the day, among the S&P 500’s top gainers.

U.S. June CPI is due Tuesday, and the core reading is set to shape market expectations for a possible Federal Reserve rate hike in September or October. Rising geopolitical tensions involving Iran have lifted Brent crude to $76 a barrel, raising the risk that energy costs feed into broader prices. JPMorgan Chase, Goldman Sachs and other major banks are set to open the second-quarter reporting season, with S&P 500 earnings forecast to rise 23.7% year over year.

Lippi Systems Limited is facing a mandatory open offer in which the acquirers will bid ₹56.84 per share for 25.05% of the public shareholding, valuing the offer at ₹19.22 crore. The offer is triggered by agreements to buy shares from existing promoters and subscribe to warrants, which are expected to lift the acquirers’ holding to about 74.58% and result in a change of control. For the financial year ended March 31, 2026, the company reported profit after tax of ₹377.24 lakh, compared with a loss of ₹74.24 lakh a year earlier.

DMart (Avenue Supermarts, ticker: ONUS) is scheduled to release its FY2026 Q1 results on July 11. Several brokerages forecast around 15% year-on-year revenue growth, with PAT seen up 9–14% and EBITDA up 11–15%, while EBITDA margin is expected to face pressure (down 25 bps YoY or flat). A quarterly update showed Q1 standalone revenue of 18343.49 crore rupees, up 15% YoY, and three store additions taking the total to 503, though the pace was viewed as milder than expected. Investors are expected to focus on demand trends across customer cohorts, same-store sales growth and the durability of the expansion plan.

Persistent Systems reported FY2025-26 revenue of $1.654 billion, up 17.4%, and said profit after tax rose 33.21% while its EBIT margin improved by 90 bps to 15.6%. The company said Q4 marked its 24th consecutive quarter of sequential revenue growth. Its board proposed a final dividend of INR 18 per share, taking the full-year dividend to INR 40 per share. A planned acquisition of Germany’s Nagarro SE for an enterprise value of €1.27 billion has been put to shareholders for approval, with closing expected in Q4 of Calendar Year 2026 or early Q1 of Calendar Year 2027.

The US said its ceasefire agreement with Iran was “over,” and new strikes between the two sides slowed shipping through the State of Hormuz again. Brent briefly jumped to $79 a barrel before easing to $76.30. Opec+ agreed to raise cumulative quotas by 940,000 barrels per day to keep crude prices in check. In Thailand, June inflation eased to 2.42% and retail diesel and gasoline prices were cut by more than 2.5 baht a litre, while the SET index rose 0.6% for the week to 1,621.55 with net foreign buying of 16.35 billion baht.