_Markets open today — regular session; TCS Q1 FY27 results due Thursday, 9 July_
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📊 *ECONOMY & POLICY*
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📈 *FPIs turn net buyers in India after selling streak*
Foreign investors bought ₹2,985 crore of Indian equities in July so far, though they remain net sellers of ₹2.7 lakh crore for 2026.
Still tentative, but worth watching for a durable turn in institutional flows.
📎 _Read: Business Standard_
⛽ *Govt rejects claims of 30% mileage loss from E20 fuel*
The Petroleum Ministry issued a 10-point rebuttal, denying E20 cuts mileage by 30%, and citing SIAM/insurer confirmation that warranties and insurance stay valid.
A live political flashpoint for auto-makers and OMCs to navigate ahead of the October 2026 blending review.
📎 _Read: Business Standard_
🤝 *Modi begins 3-nation tour to boost Act East ties*
PM Modi departed for Indonesia, Australia and New Zealand (6–11 July) to deepen trade, defence and diaspora ties under the Act East and MAHASAGAR vision.
Watch for concrete trade or investment announcements as the visit progresses.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💡 *TCS opens IT earnings season on July 9*
TCS’s board meets Thursday to approve Q1 FY27 results and likely declare an interim dividend, with margins expected to face wage-hike pressure.
Sets the tone for Infosys, Wipro and HCLTech results through the rest of July.
📎 _Read: BusinessToday_
🏦 *Axis Bank leads Q1 credit growth; Kotak stock slips 4%*
Axis grew advances 18.8% YoY — best among large private banks — while Kotak’s softer 15% growth and weak deposits sent its stock down nearly 4%.
Deposit mobilisation looks like the key differentiator into formal Q1 results.
📎 _Read: Business Standard_
💰 *Tata Steel plans ₹20,000 crore FY27 capex*
The bulk of the outlay supports the domestic business, even as the group continues emissions-linked transition talks with the Dutch government for its Netherlands unit.
A sizeable reinvestment signal from one of the heavier capex names on the index.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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💻 *Samsung set for 18x profit jump on AI memory boom*
Samsung expects Q2 operating profit near ₩86 trillion ($56bn), an 18-fold YoY surge on soaring AI memory prices, reportedly overtaking Nvidia and Apple’s quarterly profit.
Read-through for Indian IT and hardware costs as DRAM/NAND pricing keeps climbing.
📎 _Read: BusinessWorld_
📉 *Microsoft cuts 4,800 jobs, Xbox hit hardest*
Microsoft is eliminating 2.1% of its global workforce, with roughly a third of the cuts hitting its Xbox gaming division amid a business “reset.”
Underlines the AI-capex-versus-headcount trade-off across large tech vendors India’s IT sector serves.
📎 _Read: CNBC_
💻 *China unveils brain-chip 478x faster than Nvidia’s A100*
Peking University researchers built a neuromorphic chip that reconstructs brain surfaces in under half a second, benchmarked at up to 478x an A100 GPU on that task.
A reminder that export-control-driven compute alternatives are advancing fast — though the comparison is to older Nvidia hardware.
📎 _Read: South China Morning Post_
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_Compiled by InvestoScope · 07 Jul 2026_