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BEIJING (Reuters) — China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly traded minerals jumped this week.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Rivian Automotive, Advanced Micro Devices, Transocean, and Simon Property Group.

By Andrea Shalal and Yew Lun Tian

Investing.com — European stock markets fell sharply Thursday, with risk sentiment hit by the release of hawkish minutes of the Federal Reserve’s June meeting as well as weak economic signals.

Tata Steel has taken action against 38 of its employees for breaching the company’s code of conduct, said chairman N Chandrasekaran at Tata Steel's annual general meeting (AGM) on Wednesday. Out of its 38 employees, 35 were suspended for ‘unacceptable practices bordering on ethical issues’ and the other three for sexual misconduct. The company took action against its employees based on complaints received by several whistleblowers on issues such as misuse of authority, conflict of interest, and contract management agreements. Tata Steel received a total of 875 complaints last fiscal year, 158 were related to whistleblowers, 48 were regarding safety and 669 were on HR and other behavioural issues, said TOI quoting Chandrasekaran. On receiving many complaints, Chandrasekaran has said that it is a good thing and this is because of the ‘open culture’ created by the company. He added that the employees are encouraged to record their grievances.

free trade agreements (FTAs) with emerging countries in Latin America and Africa, a scheme to support MSMEs in research and innovation, setting up a domestic shipping line, and global branding of Indian products are among the key suggestions in a strategy paper prepared by EEPC India to boost engineering exports and achieve the target of US$ 300 billion by 2030. In a meeting called by the Ministry of Commerce & Industry this week, EEPC India chairman Arun Kumar Garodia discussed various recommendations in the strategy paper to boost India's engineering exports. Union Minister for Commerce and Industry Minister Piyush Goyal chaired the meeting.

India in London are «completely unacceptable» amid anti-India attacks by Khalistani extremists emerging on social media channels. UK Foreign Secretary James Cleverly took to Twitter to declare that the safety of the staff at India's diplomatic mission in the country is paramount. His intervention follows threats and attacks targeted at Indian diplomatic missions in the US, Australia and Canada and some threatening posters emerging online with images of Indian High Commissioner to the UK Vikram Doraiswami and Dr Shashank Vikram, the Consul General of India in Birmingham.

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Indian diplomats have also surfaced in Canada, allegedly circulated by Sikh extremists. These posters specifically mention Indian High Commissioner to Canada Sanjay Kumar Verma and Apoorva Srivastava, the Consulate General of India in Toronto.

«This time around because the broader market participation is there, because leadership or sector rotation is coming in from different segments of the market, we feel that there is more upside to be had,» says Rahul Sharma, JM Financial Services.The data seem to be suggesting that liquidity is ample. What about the F&O side, especially the FIIs on Nifty futures, what kind of levels are you seeing?It is the FII long regression which is seen on the index futures. The kind of long position that they have seen clearly indicates that markets are in the bull grip led by the FIIs.

Bajaj Auto and Hero MotoCorp are trading at their respective 52-week high levels after a rally fuelled by the recent launches in the premium motorcycle segment. Bajaj Auto, on July 5, unveiled Speed 400 and Scrambler 400X, co-developed with Triumph Motorcycles. While earlier this week, Hero MotoCorp also made in-roads into the segment with the launch of Harley Davidson X440, a fully indigenized 440cc motorcycle it has co-created with the Milwaukee-headquartered cult motorbike maker,  Bajaj-Triumph Speed 400 comes with a starting price of ₹2.33 lakh (ex-showroom), while Hero-Harley Davidson’s X440 was launched at nearly similar starting price of ₹2.29 lakh (ex-showroom).

Eicher Motors declined 3 per cent in intraday trade on BSE on Thursday (July 6), looking set to extend their losing streak into the third consecutive session. The stock opened at ₹3,268.95 against the previous close of ₹3,309.95 and fell 3 per cent to the intraday low of ₹3,207.55. The stock has been in the red since Tuesday, July 4, making investors poorer by about ₹10,700 crore in three sessions as the market capitalisation (mcap) of the stock was ₹88,540 crore around 1 pm today, down from ₹99,248 crore on July 3.

Russia, a squadron of Russian SU-35 fighter aircraft engaged in dangerous behavior by harassing US MQ-9 drones over Syrian airspace on Wednesday. Departing from established norms and protocols, the Russian fighters deployed parachute flares directly in the flight path of the American drones, creating a hazardous situation. The US Air Forces Central swiftly responded to the incident by releasing a video footage that vividly captured the encounter.

Hero MotoCorp and Bajaj Auto sealed partnership with Harley Davidson and Triumph, respectively. They have announced launching of products in the cruiser segment, which was long dominated by Eicher Motors’ Royal Enfield. The average industry size of the domestic >350CC category was 65,500 units per month as of FY23.

India's exports are likely to be hit by the European Union's 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. In April, the EU approved the world's first plan to impose a levy on high-carbon goods imports from 2026, aiming to become a net zero emitter of greenhouse gases by 2050, some 20 years earlier than India's target.

buyback offer. Azim Premji’s firm Zash Traders, Philantropic Initiatives Pvt Ltd and Azim Premji Trust have sold some stake in the recently concluded Wipro buyback. According to BSE filing, Azim Premji's Zash Traders have sold 5,50,51,569 shares, representing 1.05 per cent stake in Wipro.

Aurobindo Pharma with a target price of Rs 742. The current market price of Aurobindo Pharma is Rs 746.Time period given by analyst is Intra Day when Aurobindo Pharma price can reach defined target.

Mahindra Ltd. is Rs 1474.

Nykaa) remain encouraging, it has failed to reflect in the performance of the stock in recent months. After seeing rampant selling in 2022, shares of most new-age consumer technology companies rebounded sharply in 2023. However, the “Nykaa” brand owner is missing from the list.

Godrej Consumer, CLSA maintained an outperform rating on Bajaj Auto, JPMorgan maintained an overweight rating on IOC and HPCL, and Macquarie retained its outperform rating on Marico.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on Godrej Consumer: Buy| Target Rs 1150 Goldman Sachs has a buy rating on Godrej Consumer with a target price of Rs 1150. Q1 saw very strong traction across segments which suggests that the turnaround story continues to play out. «Double-digit India organic volume growth is likely to be highest within our coverage by a wide margin.

Endefo, an electronics brand under the Ashtel Group of Companies, is looking to amplify its footprint beyond southern India to capture all corners of the country and eventually be a strong player in the government’s Make in India initiative. Aneef Tas, CEO of Endefo, told ET Online’s Gourab Das in an exclusive interaction that the company’s planned Rs 200 crore investment in India will go into ramping up R&D and product development in the country now, as it seeks to not only manufacture everything here for local consumption but also export products to the world. Tas also sheds light on product launches, pricing and marketing strategies.