Markets open today
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📊 ECONOMY & POLICY
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💻 Cabinet clears ₹1.27 lakh crore Semicon Mission 2.0
The Union Cabinet approved ISM 2.0 with a ₹1,27,500 crore outlay across six pillars — design, equipment, fabs, ATMP/OSAT, R&D and talent — alongside a ₹62,500 crore mobile manufacturing scheme.
The government expects ~₹4 lakh crore in investments; a structural tailwind for Tata Electronics, Kaynes, CG Power, Dixon and the entire electronics value chain amid a global memory shortage.
📎 Read: Deccan Herald
🤝 US bill proposes 100% tariff on Indian goods over Russian oil
A revised bipartisan Senate bill targets the five largest buyers of Russian crude — India, China, Hungary, Slovakia, Azerbaijan — scaled down from the original 500%, with a presidential waiver clause.
With Russia supplying ~50% of India’s crude (record 2.58 mn bpd in June), passage risk hangs over exporters and the pending India-US interim trade deal.
📎 Read: Business Standard
📉 Inflation heat returns: WPI at 9.87%, CPI breaches 4%
June WPI jumped to 9.87% on food and fuel, while CPI crossed the RBI’s 4% target for the first time in 17 months.
Swap markets now price ~65 bps of RBI hikes over 12 months — a hawkish MPC repricing that pressures rate-sensitives just as Q1 earnings peak.
📎 Read: Business Recorder
📉 Rupee slides to 96.32, weakest close since 21 May
The rupee fell 16 paise Wednesday, its third straight loss, and is down ~2.4% from its June peak of 94.14 on crude and importer dollar demand.
Sustained weakness above 96 raises imported-inflation risk and squeezes OMCs, aviation and other dollar-cost sectors.
📎 Read: HDFC Sky
https://hdfcsky.com/news/rupee-falls-16-paise-to-96-32-amid-west-asia-tensions
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🏢 COMPANIES
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💰 Tata Group eyes ₹10,000 cr shipbuilding foray in Kerala
Kerala CM V D Satheesan said the Tatas have sought approval for a $1 billion shipbuilding investment, with state clearance possible within a month.
This would mark the $180 bn conglomerate’s entry into commercial shipbuilding as India targets top-five global status by 2047 — watch Tata Steel’s specialised-steel linkage.
📎 Read: Business Standard
📈 HDFC Life Q1 profit up 12% to ₹611 crore
Net premium income rose ~14% to ₹16,548 cr on 19% renewal growth; AUM crossed ₹4 lakh crore with solvency at a healthy 185%.
Renewals are carrying growth while bancassurance-led new business stays soft — margin trajectory is the key monitorable for the stock.
📎 Read: Business Standard
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🌍 GLOBAL & WORLD
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🔥 Hormuz traffic collapses over 50% as tanker attacks resume
Strait crossings have more than halved versus last week amid renewed US-Iran hostilities, with strategic reserve buffers depleted after months of drawdowns.
Brent near $85-86 and surging diesel cracks transmit directly to India’s import bill, freight costs and the MPC’s inflation math.
📎 Read: Al Jazeera
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Compiled by InvestoScope · 16 Jul 2026