_Markets open today — Q1 FY27 earnings in full swing; Monsoon Session of Parliament begins_
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📊 *ECONOMY & POLICY*
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💡 *Deloitte pegs FY27 GDP growth at 6.5–6.8%*
Growth seen moderate in H1, recovering in H2 on festive demand and monetary easing; RBI cut its own estimate to 6.6% last month on Middle East disruption.
Frames rate-cut expectations into the next MPC — rupee slide and wider CAD remain the key risks flagged.
📎 _Read: Business Standard_
📈 *Gem & jewellery exports jump ~27% in June*
Shipments rose 26.5% YoY on a demand revival across the US, Middle East and Europe, aided by FTA gains and lower US duty.
Positive for exporters and the merchandise trade gap — a bright spot against Hormuz-driven trade stress.
📎 Read: Lapaas Voice (BusinessLine link blocked — verified alternate)
https://voice.lapaas.com/indias-gems-and-jewelry-exports-rise-26-51-in-june-2026
🤝 Afghanistan pitches deeper trade ties with India
Kabul is courting a larger Indian economic role as its Pakistan trade collapses.
Opens corridor and transit potential for logistics, agri-exporters and pharma with regional exposure.
📎 _Read: Business Today_
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🏢 *COMPANIES*
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📈 *Q1 earnings growth hits 11-quarter high*
Adjusted profit of 156 early birds rose 19.4% YoY to ~₹1.3 trn, with revenue up 17.6% — a 14-quarter high — led by banks, RIL, metals and IT; PNB and JSW Steel were the biggest incremental drivers.
Strongest earnings tone in nearly three years underpins the market’s Q1-driven rally thesis.
📎 _Read: Business Standard_
🏦 *HDFC Bank Q1 profit up 5%; NIM at record low*
PAT rose to ₹19,060 cr (adjusted growth ~9.8%) with advances up 15.4%, but NIM slipped to a record-low 3.26%.
Margin trough vs strong balance-sheet growth is the trade-off driving today’s reaction in the index heavyweight.
📎 _Read: Business Standard_
📈 *ICICI Bank Q1 profit surges 15.9%*
Standalone PAT hit ₹14,804 cr as provisions fell 30.5% and GNPA improved to 1.38%; board cleared up to $2.5 bn overseas borrowing.
Cleanest large-bank print of the weekend — supportive for Bank Nifty leadership today.
📎 _Read: Business Standard_
💡 *Air India targets 30% domestic share in two years*
The carrier plans an aggressive fleet and network push to challenge IndiGo’s dominance.
Implies fare competition and yield pressure across aviation — watch capacity discipline.
📎 _Read: BusinessLine (direct link blocked — section page)_
https://www.thehindubusinessline.com/companies
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🌍 *GLOBAL & WORLD*
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🔥 *Brent tops $90 as US-Iran war enters day nine*
Crude crossed $90/bbl for the first time in over a month; Wall Street’s AI selloff deepened Friday (Nasdaq -1.4%) and the Nikkei slid ~4% Monday.
Negative for OMCs, aviation and paints; keeps CAD, rupee and imported-inflation risk front and centre.
📎 _Read: Business Today_
🔋 *Critical-mineral investment fell 9% in 2025: IEA*
First contraction in years — battery-metal capex fell 20%+, lithium spend ~40% — even as demand stays strong; only copper (+8%) bucked the trend.
Sets up future supply squeezes in lithium, nickel and graphite — relevant for India’s EV, battery and mineral-security push.
📎 _Read: ANI (BusinessLine link blocked — verified alternate)_
📉 *Samsung cuts US jobs across mobile, display, electronics*
Hundreds of roles hit amid the HQ shift from New Jersey to Texas; most staff offered relocation.
A caution flag on global consumer-electronics demand and cost pressure heading into H2.
📎 _Read: NDTV Profit (section page)_
https://www.ndtvprofit.com/world
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_Compiled by InvestoScope · 20 Jul 2026_