The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the currency against rising oil costs and global tensions. Traders are taking a measured approach, with a noted resistance threshold at 96.
Sebi is stepping up its use of artificial intelligence to monitor misleading financial advice on social media. Its Project Sudarsan tracks unsolicited advice, while Sebi R(AI)DAR reviews advertisements. The regulator said 62% of investors are influenced by finfluencers, highlighting the need for stronger digital surveillance and investor protection.
Indian government bonds were largely steady on Monday as softer US jobs data supported expectations of lower US rates, while rising crude prices capped gains. The benchmark 6.94% 2036 bond yield eased to 6.7594%. Investors are also watching upcoming Indian and US inflation data for fresh interest-rate cues.
Elon Musk says AI agentic traffic will eventually vastly exceed human internet usage, while Michael Burry questions who will pay for AI agents. The contrasting views highlight a broader debate over AI’s rapid expansion, massive infrastructure spending and whether the technology can generate enough economic value to justify current valuations.
European shares were broadly flat on Monday as uncertainty over the Strait of Hormuz kept oil prices elevated. Investors awaited key economic data and monetary-policy signals, while strong corporate earnings and expectations of lower U.S. borrowing costs supported sentiment. Energy and technology stocks gained, but geopolitical risks and elevated crude prices limited broader market gains.
Bitcoin is trading near the $65,000 mark after a volatile week, with US spot Bitcoin and Ether ETFs attracting around $1.1 billion in combined net inflows. Analysts say crypto markets are turning cautiously constructive, but the upcoming US CPI data could determine the next move, with key support and resistance levels in focus.
Info Edge reported a 6% YoY decline in Q1 standalone net profit to Rs 245 crore, impacted by a Rs 72.1 crore exceptional loss. However, revenue rose 12% to Rs 824 crore, while profit before tax before exceptional items jumped 23% to Rs 427 crore, driven by strong recruitment and real estate growth.
At least 34 BSE-listed companies with a market capitalisation above Rs 3,000 crore have delivered over 100% returns in the past six months. Notably, FIIs increased their holdings in 27 of these stocks during the June quarter, with stakes more than doubling in 11 companies. Here are the stocks that attracted the most institutional interest.
US Senate Majority Leader John Thune has moved to advance the Clarity Act, a proposed framework for regulating cryptocurrencies. The bill could face a 60-vote hurdle in the Senate, with Democrats seeking stronger safeguards. Its passage would mark another major crypto policy win for President Donald Trump.
Akums Drugs shares rose sharply on Monday to hit a 52-week high after the company reported strong Q1 FY27 results. Revenue rose 13.9% year-on-year, while profit increased 55%. EBITDA grew 35.4%, supported by strong performance in its CDMO business. The stock has gained 67% so far this year.
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