_Markets closed today — weekend; next session Monday_
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📊 *ECONOMY & POLICY*
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⚡ *Crude import bill hits record $50bn in Q1*
India’s Q1FY27 crude import bill jumped over 60% YoY to ~$49.8bn as the West Asia conflict pushed average landed prices to ~$113/bbl, even as import volumes fell.
The bill already equals ~40% of all of FY26’s crude spend — a widening trade-deficit and rupee risk if Brent stays elevated.
📎 _Read: PSU Watch_
⚡ *Cabinet clears ₹84,084cr “Samudra Manthan” offshore push*
The Centre approved an $8.8bn offshore exploration scheme through FY31, targeting 600+ MMTOE in new oil & gas reserves within India’s EEZ.
A direct policy response to the crude-import shock above — watch for ONGC, Oil India and private E&P names on execution news.
📎 _Read: PSU Watch_
🏦 *CPSE capex up 26% YoY in Q1, hits 25% of FY27 target*
Central PSEs spent ₹2.10 lakh crore in Q1FY27, led by Railways (₹97,160cr) and NHAI (₹45,130cr), ahead of last year’s pace.
Public capex is running strong even as state-level spending eased — a tailwind for cement, capital goods and infra plays.
📎 _Read: Business Standard_
📈 *DII ownership in Nifty 500 hits record 21%, offsets FII selloff*
Domestic institutions have absorbed a sustained ~$58bn FII sell-down over 22 months, per an MOFSL ownership analysis.
Marks a structural shift toward local-capital dominance — reduces India’s foreign-flow sensitivity but raises DII crowding risk in favoured names.
📎 _Read: Business Today_
💰 *Global stock trade via GIFT City doubles, Q1 nears $2bn*
Trading value via GIFT City’s Global Access Platforms surged to $1.93bn in Q1FY27 (from $963.6mn prior quarter), with retail clients up from 4,940 to 66,210.
A fast-growing, low-friction channel for Indian retail to access US/global equities — Zerodha, Upstox and Groww are all building here.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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📉 *Maruti Suzuki Q1: Profit slips 9% to ₹3,447cr*
Higher material costs offset a 36% revenue jump to ₹52,470cr; domestic market share rose 2.3pp to 41.2% on strong SUV and export volumes.
Margin pressure despite volume strength — watch commentary on pricing action and CBG project rollout for Q2 read-through.
📎 _Read: Business Today_
🏦 *SEBI bars Zee’s Goenka, Chandra for one year; fines ₹1.48cr*
SEBI found Zee land was pledged as undisclosed loan security for shareholder-linked entities, barring CEO Punit Goenka and founder Subhash Chandra from securities markets for a year.
A governance-discount event for Zee — expect scrutiny of related-party disclosures and any read-through for the pending Sony-linked deal structure.
📎 _Read: Business Standard_
💡 *Skyroot targets monthly launches, Vikram-2 by end-2027*
Fresh off India’s first successful private orbital launch, Skyroot says 70-80% of new customer interest is now global, with the launch market seen hitting $50bn by 2031.
A structural story for India’s private space sector — worth tracking for PLI-style incentive news and firm contract announcements.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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💻 *Microsoft posts record one-day value gain on Azure beat*
Shares jumped as much as 15% after Azure grew 43% at constant currency, crossing $100bn in FY26 revenue for the first time.
A bright spot for the AI-infrastructure trade — supportive read-through for India’s IT services pack (TCS, HCLTech) chasing Azure-linked AI deals.
📎 _Read: CNBC_
https://www.cnbc.com/2026/07/29/stock-market-today-live-updates.html
📉 *Meta shares slump 9% despite earnings beat*
A weaker-than-expected Q3 revenue forecast and a 91% YoY collapse in free cash flow — on AI-capex ramp — spooked investors despite Zuckerberg’s bullish AI commentary.
A reminder that AI-capex intensity is now a swing factor for Big Tech valuations heading into next quarter’s spend disclosures.
📎 _Read: TheStreet_
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_Compiled by InvestoScope · 01 Aug 2026_