Nomura reaffirmed its “Buy” rating on Godrej Consumer Products (GCPL) and maintained its target price of Rs 1,300. The company’s June-quarter FY25 revenue is expected to rise about 16–17% year on year, while EBITDA is seen up about 14%, both ahead of its full-year double-digit growth guidance. India revenue is projected to grow 13–14% and performance in Indonesia and the GAUM region is described as strong, with 3–4% pricing action implemented across the portfolio. Cost pressures are easing, supporting a clearer path for margin recovery.

Oil prices eased after OPEC+ said it will raise crude production targets from August, while exports via the Strait of Hormuz recovered. Brent futures were at $71.88 a barrel, down 0.33%. A softer-than-expected U.S. June jobs report pushed the dollar index to a two-week low, helping spot gold hold at $4,175.02 an ounce after rising more than 2% on the week. Silver, platinum and palladium also gained.

Foxconn said second-quarter revenue rose 39.8% from a year earlier to T$2.513 trillion ($78.71 billion), beating market expectations. The gains were driven by strong demand for AI servers and iPhone assembly. The company said it expects third-quarter operations to grow both quarter on quarter and year on year, with AI racks continuing to expand. It also warned that the volatile global political and economic environment could affect results, without giving numerical guidance.

The article says four key macro variables in India are improving in tandem: a stabilising rupee, easing geopolitical tensions, softer crude oil prices, and a structural domestic liquidity backstop from SIPs and mutual funds. It argues these shifts reduce the impact of volatile foreign flows, ease inflation pressure and increase policy flexibility. Together, they are presented as strengthening confidence in India’s growth and earnings visibility and reinforcing the foundations for a broader market upswing.

Global gold and silver prices surged, with spot gold rising to $4,165.29 an ounce—its highest since late June—and spot silver gaining 2.1% to $62.28. The move followed weaker-than-expected US labour market data that fuelled expectations of a shift in the Federal Reserve’s policy stance. In India, shares of gold loan firms Muthoot Finance and Manappuram Finance, along with silver producer Hindustan Zinc, advanced. Domestic gold rebounded to Rs 148046 per 10 grams, about 5.4% above this week’s low.

Indian stocks opened higher on July 3, with the Sensex and Nifty both up 0.71%, after a softer U.S. jobs report prompted markets to scale back expectations of a near-term Federal Reserve rate hike. The Nifty Metal index rose nearly 2%, led by gains of nearly 3% in Hindustan Zinc and more than 4% in National Aluminium Co. IT stocks advanced 1.9%, while Nasdaq 100 futures added 0.6% and gold extended its rally. India VIX slipped to 11.99, signalling reduced volatility.

Lead prices slid to their lowest level of 2026, down 11% from the January peak and about 9% over the past month. The drop directly lowers input costs for lead-acid battery makers Exide and Amara Raja, where lead makes up 65–70% of raw-material costs. Exide rose 7.45% on the day and is up 40% over the past three months. The move is driven by a sharp decline in spot lead prices, a negative catalyst for lead-linked assets.

On July 2, the Indian rupee opened 32 paise stronger at 94.93 per dollar, marking a three-week high, as Brent crude fell to around $71 a barrel. The pullback in oil followed reported progress in U.S.-Iran talks, with attention on shipping security in the Strait of Hormuz. The dollar index hovered near 101.1, while higher U.S. Treasury yields limited the rupee’s rebound. Markets are awaiting payrolls data later in the day for direction.

Lime completed a $174 million IPO priced at $25 per share, valuing the company at $1.6 billion. Uber’s stake is set to fall to 22% from 24%, while remaining the largest outside shareholder. Goldman Sachs and JPMorgan served as joint lead underwriters. In 2025, Lime reported revenue of $886.7 million and a net loss of $59.3 million.