Daily Briefing

Market News & Insights

A curated feed of the most critical financial and market updates to keep you informed.

Last updated: 8 Jul 2026, 05:40 am
Economic Times8 Jul

Swiggy's foreign shareholding falls below 50%: What it means for investors

Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial maintains a 'Reduce' rating with an unchanged target price.

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Economic Times8 Jul

RCF shares jump 3% after board approves Rs 1,500 crore FPO

RCF shares witnessed an uptick on Wednesday after the state-owned fertiliser maker's board approved raising up to Rs 1,500 crore through a further public offering (FPO). The proposal, aimed at issuing fresh equity shares, is subject to approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM.

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Economic Times8 Jul

Global Market: Japan weighs revised monetary policy language in economic blueprint to reinforce BOJ independence

Japan's government is considering revising the language in its economic policy blueprint. This move aims to underscore the Bank of Japan's independence in monetary policy, and the revised draft highlights the central bank's role in achieving stable inflation. This reassures markets about policy coordination without undermining central bank autonomy. Investors will monitor the final blueprint for Japan's economic policy direction.

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Economic Times8 Jul

Info Edge shares rally 19% in 2 days after Q1 update. Here’s what Nomura, Goldman Sachs, other brokerages say

Info Edge shares surged significantly after releasing its Q1 FY27 business update. The company reported a 14% increase in standalone billings for the quarter. Brokerages like Nomura and Goldman Sachs issued bullish calls and raised target prices. Naukri and 99acres showed strong billings growth during this period. This positive performance led to a substantial rise in Info Edge's market capitalization.

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Economic Times8 Jul

IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.

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Economic Times8 Jul

Gold prices fall for 3rd straight session; silver dips to Rs 2.30 lakh/kg as rising oil prices fuel rate hike bets. Buy, sell or hold?

Gold and silver prices extended their losses for a third straight session on the MCX as rising oil prices and a stronger U.S. dollar fuelled expectations of higher U.S. interest rates. Investors now await the Federal Reserve's meeting minutes for further policy cues, while analysts expect bullion prices to remain volatile amid geopolitical tensions.

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Economic Times8 Jul

Are bluechip stocks cheap and safe to invest in now? Radhika Gupta explains why the answer isn't so simple

Edelweiss Mutual Fund MD & CEO Radhika Gupta says investors should move beyond the belief that large-cap stocks are inherently safer, arguing India's evolving economy favours bottom-up investing across market caps. She remains optimistic about domestic inflows, advocates diversified portfolios with global exposure, and expects double-digit equity returns, while cautioning against relying on outdated market narratives.

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Economic Times8 Jul

Sensex tumbles over 550 points, Nifty falls below 24,250 as Iran-US conflict escalates

Indian stock markets experienced a decline on Wednesday as oil prices surged. Benchmark indices Sensex and Nifty fell significantly due to renewed Iran-US conflict escalations. Broader market indices also slipped into the red, reflecting widespread bearish sentiment. Foreign investors, however, continued their buying trend for a fifth consecutive session. The Indian rupee opened lower against the US dollar amid these developments.

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Economic Times8 Jul

US Stock Market: Starship, AI ambitions fuel bullish Wall Street outlook on newly listed SpaceX

SpaceX joins the Nasdaq-100 index, attracting billions in passive investment flows. Wall Street brokerages initiated coverage with overwhelmingly positive ratings for the company. Analysts see long-term growth potential in space transportation and satellite connectivity. Starship, SpaceX's reusable rocket, is a major pillar of this optimistic outlook. The company's artificial intelligence ambitions also add significantly to its growth narrative.

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Economic Times8 Jul

Japan's Nikkei falls in volatile trade as tech tracks Nasdaq selloff

Japan's Nikkei share average declined in choppy trade on Wednesday. Technology stocks faced pressure after overnight losses on the Nasdaq index. Investors showed caution regarding the durability of the AI-driven market rally. This sentiment followed Samsung Electronics' earnings which did not meet elevated expectations. Some domestic demand-sensitive shares and memory chip makers saw gains.

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Economic Times8 Jul

South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?

South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fall nearly four percent on Wednesday. Foreign investors turned net sellers of shares worth over three hundred million dollars. Despite the sharp selloff, Kospi remains the world's best-performing major stock index. Goldman Sachs continues to remain bullish on South Korea's stock market.

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