_Markets open today_
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📊 *ECONOMY & POLICY*
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🏦 *Cabinet Doubles NIIF Commitment to ₹60,000 Crore*
Cabinet approved an additional ₹30,000 crore for NIIF on Monday, doubling the government’s total commitment to the sovereign-backed infrastructure fund and seeding NIIF Infrastructure Fund II with a target corpus of ₹30,000 crore.
Fresh capital will flow into transport, energy, digital infrastructure, urban development and e-mobility — and is designed to crowd in SWFs, pension funds and multilateral capital from investors like ADIA, CPP and Temasek.
📎 _Read: NDTV Profit_
⚡ *May IIP Grows 5.1% — Manufacturing & Power Lead*
India’s industrial output expanded 5.1% YoY in May 2026 (IIP at 122.7 vs 116.7 a year ago), picking up from 4.9% in April, with manufacturing at +5.5% and electricity & gas surging 9.9% on summer demand and a renewables push.
Motor vehicles (+14.5%), electrical equipment (+20.8%) and fabricated metals led within manufacturing — a constructive Q1 FY27 start for industrials, even as mining contracted 1.6%.
📎 _Read: NDTV Profit_
🤝 *India-US Trade Deal: Goyal Holds Firm as July 24 Deadline Nears*
Commerce Minister Piyush Goyal said India will not sign a trade deal until the US finds legal tools to guarantee India a competitive edge over rivals like Vietnam — even as the 10% baseline US tariff expires July 24, after which MFN rates return.
With the US Supreme Court having struck down Trump’s reciprocal tariffs, both sides are in uncharted territory; any delay beyond July 24 raises tariff costs for Indian exporters in IT, pharma and textiles, making this week’s back-channel talks critical.
📎 _Read: Business Standard_
🏠 *Housing Sales Fall 6% in Q2 — Lowest Since Jan 2023*
Residential sales across India’s top 7 cities dropped 6% YoY to 90,715 units in April–June 2026, the weakest quarter in over three years, weighed down by the West Asia conflict, rising prices (avg +7% YoY) and economic uncertainty.
Pune (-15%) and MMR (-8%) saw the steepest falls; only Kolkata (+10%), Hyderabad (+2%) and Bengaluru (+1%) stayed in positive territory — with premium housing and GCC-led corridors the only segments still attracting strong buying interest.
📎 _Read: Business Standard_
🚗 *Auto Sector: 2W & PV Set for Double-Digit June Growth — Yes Securities*
Two-wheeler retails are expected to grow 15%+ YoY in June, with PVs also posting healthy double-digit gains, driven by a favourable base and post-Adhik Maas rebound, per Yes Securities; EV demand is surging with bookings up 15–20% MoM.
Near-term watch: OEM price hikes of 0.5–1.5% (second increase in Q1 FY27), rural caution due to higher fuel costs and adverse weather, and tractor volumes set to moderate later in the year as Maharashtra and Punjab state subsidies lapse.
📎 _Read: BusinessLine_
🔋 *Auto Ancillaries Revenue Up 12.5% in FY26; Margins Flat, Q1 FY27 Headwinds — Elara*
Elara Capital’s analysis of 59 listed auto component makers shows FY26 revenue growth of 12.5% YoY with EBITDA up 13.3%, but operating margins flat at 13.6% — with 25 of 59 firms seeing contraction, as commodity inflation in copper, aluminium, rubber and freight ate into gains.
With pass-through recovery lagging one quarter, margin pressure will persist into Q1 FY27; suspensions, brakes and tyres outperformed, while forgings and batteries saw EBITDA degrowth — key stocks to watch across the supply chain.
📎 _Read: BusinessLine_
⚡ *India Launches World’s First Nuclear Process Heat Hydrogen Facility*
India commissioned the world’s first hydrogen production facility powered by nuclear process heat, using the indigenously developed Cu-Cl thermochemical process jointly developed by BARC and IGCAR — a technology demonstrator that generates clean hydrogen without fossil fuels or grid electricity.
This positions India at the frontier of nuclear-linked clean energy, with long-term implications for green hydrogen cost curves, energy security and the defence-tech ecosystem that is increasingly investing in hydrogen mobility.
📎 _Read: NDTV Profit_
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🌍 *GLOBAL & WORLD*
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🔥 *Bitcoin Below $60K — Weakest June Since Mid-2022*
Bitcoin slipped below $60,000 as $4 billion in spot ETF outflows hit the market this month, compounded by Middle East risk-off and persistent inflation concerns keeping institutional allocators cautious on crypto risk.
For India, the weakness pressures crypto exchange revenues and digital asset AUM, while the $60K resistance level is being watched as a bellwether for global risk appetite heading into the US jobs data week.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets
🤖 *China Deploys Humanoid Robots to Counter Workforce Decline*
China is pushing mass deployment of embodied AI robots across factories and services to offset its shrinking demographic workforce — with government backing across multiple sectors.
For India, this sharpens the urgency of PLI execution: if Chinese automation erases the labour-cost advantage that has been drawing global supply chain diversification to India, the window for manufacturing-led growth narrows materially.
📎 _Read: NDTV Profit_
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_Compiled by InvestoScope · 30 Jun 2026_