Stocks To Watch Today: SBI, Tata Steel, Indian Bank, HFCL, Phoenix Mills, SML Mahindra

• Gold is transitioning from a traditional hedge to "working collateral" within the global financial system, as discussed at the Rule Symposium. • This shift is driven by increased central bank purchasing, physical metal flows, and a strategic move by nations to reduce reliance on the U.S. dollar.

• London’s FTSE 100 and 250 indexes both dropped by over 1% following President Trump's decision to end the Iran nuclear deal. • The market decline was driven by investor fears regarding escalating Middle East tensions and the potential for significantly higher oil prices.

• The FTSE 100 index experienced a decline following a statement from U.S. President Donald Trump declaring that the Iran nuclear deal is "over." • This market downturn reflects investor anxiety over geopolitical instability and the potential for renewed tensions in the Middle East.

• European stock indices, including the DAX, CAC, and FTSE 100, tumbled on Wednesday afternoon following signals from Donald Trump that a U.S.-Iran agreement has collapsed. • Investors are simultaneously awaiting the release of Federal Reserve minutes to gain insight into policy discussions under new chairman Kevin Warsh.

• Tesco, the UK's largest supermarket group, is reportedly exploring the sale of its European business operations. • According to the Financial Times, the move would allow the company to pivot its focus exclusively toward its core markets in the UK and Ireland.

• Tesco is selling its Central European arm, specifically its operations in Hungary, due to narrow profit margins of 2.5% compared to 4.7% in its home market. • The exit is driven by a Hungarian government decree that caps margins, making the business financially unattractive for Tesco.

• Asian stock markets rose, driven primarily by a rally in South Korean shares and the semiconductor sector. • Oil prices climbed for a third consecutive day, reaching approximately $78.80 per barrel.

• On July 9, Japanese and South Korean stock markets opened with significant gains, led by a broad rally in memory chip stocks. • The Nikkei 225 and KOSPI indices both rose, with SK Hynix and Kioxia surging approximately 8%, while Samsung Electronics and SoftBank also saw increases.

• South Korea's KOSPI index rebounded nearly 4% in early trading on Thursday, July 9, peaking at 7,539. • This recovery follows a sharp 5.35% plunge on Wednesday that had dropped the index to 7,246.79 and pushed it into bear market territory.

• The KOSPI index rebounded after a four-day decline, potentially signaling a bottom around the 7,200 level. • The previous slump was driven by investor concerns regarding a potential peak in the semiconductor sector.

• The Federal Reserve released the official minutes from the Federal Open Market Committee (FOMC) meeting conducted on June 16–17, 2026. • These documents provide a detailed record of the discussions and deliberations held by the central bank's policymakers regarding the U.S. monetary system.