_Markets open today_
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📊 *ECONOMY & POLICY*
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⚡ *Govt Clears ₹1.25 Lakh Cr For Chip Mission 2.0*
Finance Ministry’s Expenditure Finance Committee approved the outlay for India Semiconductor Mission 2.0 — a ~65% jump over ISM 1.0 — now headed to Cabinet for final sign-off.
Bullish for semiconductor-linked capex plays (equipment, specialty gases, chemicals, EMS) as India targets meeting 75% of domestic chip demand by 2030.
📎 _Read: Telangana Today (via NDTV Profit)_
🛣️ *Delhi Bans New Petrol/CNG Two-Wheelers From 2028*
Delhi’s EV Policy 2026–2030 commits ₹15,000 crore through FY30 to a full shift toward electric two- and three-wheelers; Eicher Motors fell on thin EV-lineup concerns.
Read-through for two-wheeler OEMs, battery/component makers and charging-infra players betting on India’s biggest state-level EV push yet.
📎 _Read: BusinessLine_
📈 *India Overtakes Taiwan, Reclaims 5th In Global Market-Cap*
India’s total market cap surged past Taiwan’s as the latter’s AI rally cooled — its second such overtake in weeks, having already passed South Korea.
Supports the “long India” FPI narrative heading into July, even as flows stay choppy.
📎 _Read: Economic Times_
🏦 *Centre Lifts Curbs On Retail Petrol, Diesel Sales*
Restrictions barring industrial and commercial buyers from retail pumps are withdrawn from July 1 as the fuel supply situation eases.
Marginally positive for OMC retail throughput and fleet operators previously routed to bulk-supply channels.
📎 _Read: BusinessLine_
💰 *India’s External Debt Climbs To $762.8 Bn In FY26*
External debt rose $26.3 billion YoY, pushing the debt-to-GDP ratio to 20.8% on dollar strength; short-term debt’s share also edged higher.
A currency and rate-sensitivity metric worth tracking, though debt-servicing as a share of receipts still improved.
📎 _Read: Economic Times_
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🌍 *GLOBAL & WORLD*
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🔥 *Yen Crashes To 40-Year Low, Tokyo Intervention Looms*
The yen fell to ¥162.27/dollar — weakest since 1986 — as the Fed–BOJ rate gap widens; Japan’s Finance Minister says “bold action” remains on the table.
A weaker yen adds to Asian currency-stability risk and is a swing factor if Tokyo intervenes; watch for spillover into regional FX volatility.
📎 _Read: CNBC_
💡 *China Factory PMI Returns To Expansion On AI-Chip Demand*
China’s official manufacturing PMI rose to 50.3 in June from 50.0, beating forecasts as AI-linked chip and hardware exports offset property-sector weakness.
Read-through for regional supply chains and India’s “China-plus-one” manufacturing pitch, even as China’s export dependence stays a structural risk.
📎 _Read: Business Standard_
📉 *Microsoft Set For Worst Month Since 2000 On AI-Spend Fears*
Microsoft shares fell 17% in June, wiping out $570 billion in value, as investors grew anxious over heavy AI capex and slowing Azure growth.
A bellwether for how far the AI-spend correction runs — relevant for how sentiment filters into Indian IT-services stocks.
📎 _Read: Economic Times_
💰 *Microsoft To Cut Under 2.5% Of Workforce Next Week*
Layoffs will hit thousands of roles across sales, consulting and the Xbox gaming division as Microsoft reins in costs amid $100 billion-plus annual AI infrastructure spend.
Underscores that Big Tech’s AI boom is partly funded by cost-cutting elsewhere — worth tracking for India’s GCC and outsourcing hiring pipelines.
📎 _Read: GeekWire (Reuters)_
💻 *US Lifts Export Curbs On Anthropic’s Fable, Mythos Models*
Commerce Department reversed its June 12 export-control order after Anthropic added safeguards blocking a known jailbreak 93% of the time; global access resumes.
Ends nearly three weeks of frontier-AI access disruption and signals how fast AI export policy is being negotiated — relevant for Indian enterprises and developers on these models.
📎 _Read: CNN Business_
https://www.cnn.com/2026/06/30/tech/anthropic-export-control-ban-lifted-white-house
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_Compiled by InvestoScope · 01 Jul 2026_