_Markets closed . Reopen Monday 29 Jun._
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📊 *ECONOMY & POLICY*
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📈 *Goldman Sachs Lifts India FY27 GDP Forecast to 6.8%*
With Brent now seen at $82/bbl in H2 (vs $92 earlier), Goldman raised India’s CY26 GDP forecast to 6.8% and FY27 to 6.5%, cut inflation to 4.9%, and improved the CAD outlook to 1.1% of GDP.
The oil peace dividend is real — lower input costs, improved margins, and a strengthened external sector make the bull case for Indian equities and rate-sensitives more durable.
📎 _Read: Business Standard_
📈 *EY Pegs India FY27 Growth at 6.6–6.8%; Inflation at 4.5%*
EY Economy Watch projects real GDP at 6.6–6.8%, CPI at 4.5%, nominal GDP at 12.5%, fiscal deficit at 4.4%, and CAD at 1.5% — contingent on Hormuz normalisation and easing crude.
High-frequency indicators (manufacturing, credit, auto) remain healthy; multiple forecasters now converging on 6.6–6.8% — a narrower band that reduces macro uncertainty for investors.
📎 _Read: Business Standard_
💡 *JPMorgan AI Scorecard: India High on Promise, Low on Delivery*
JPMorgan Asset Management’s global AI report ranks India strong on research output and talent but trailing on the infrastructure — data centres, compute, and grid capacity — needed to convert that potential into economic output.
For investors, this is the core India AI tension: a large skilled workforce and digital base, but the capex cycle in AI infrastructure (data centres, power, chips) is still nascent — watch PLI and hyperscaler investments as the delivery catalysts.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💻 *Anthropic’s Mythos 5 Cleared by Trump Admin for ~100 US Firms*
After a two-week standoff, the US Commerce Department has authorised Anthropic to restore access to its Mythos 5 model for ~100 trusted US companies and government agencies — including critical infrastructure operators — while Fable 5 remains suspended.
A partial but meaningful de-escalation between Anthropic and Washington; signals the frontier AI sector is settling into a new normal of government-gated access, with India’s own AI regulation debates watching this closely.
📎 _Read: CNBC_
💰 *Uber India Chief Prabhjeet Singh Quits After 11 Years*
Prabhjeet Singh, President of Uber India and South Asia since 2020, has stepped down after an 11-year tenure to pursue a new opportunity, announced June 26. No successor named yet; Asia-Pacific leadership to manage the transition.
Leadership change comes as Uber deepens India commitments — $330 million infused this year and a planned Adani-backed data centre — making the succession choice critical for Uber’s next India growth phase amid Ola and Rapido competition.
📎 _Read: Deccan Herald_
📈 *India’s Top 10 Firms Worth 3.5x More Than a Decade Ago; Financials Rule*
The Burgundy Private Hurun India 500 list reveals India’s top-10 listed firms have multiplied their combined value 3.5x over 10 years, with HDFC Bank, ICICI Bank, Kotak, and Bajaj Finance now dominant — displacing ITC and Tata Motors.
The structural rotation from conglomerates to financial services as India’s largest market-cap anchors has investment implications: financials carry index weight and foreign ownership headroom; index-tracker rebalancing continues to favour this cohort.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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🔥 *US Strikes Iran After Drone Attack on Cargo Ship Violates Ceasefire*
Iran’s IRGC struck the Singapore-flagged MV Ever Lovely in the Strait of Hormuz with a drone on Thursday; the US responded Friday with strikes on Iranian missile/drone storage and radar sites. The IRGC counter-struck US positions and warned of broader retaliation.
The fragile US-Iran MoU (June 17) is now under severe strain — crude markets face fresh volatility risk, India-bound vessel transits may be disrupted again, and the risk of OMC cost pressure and LPG supply tightening is back on the table.
📎 _Read: The Hindu BusinessLine_
🔋 *Micron Overtakes Meta and Tesla in Market Cap at $1.4 Trillion*
Micron shares surged 18.4% after a stellar Q4 forecast, with customers committing $22 billion to lock in memory chip supplies. Its market cap hit $1.398 trillion, edging past Meta ($1.392 trillion) and briefly Tesla ($1.4 trillion). The stock is up ~326% YTD.
Micron’s AI-driven memory boom validates the semiconductor upcycle thesis; Indian IT firms with semiconductor services exposure and the PLI chip ecosystem should benefit as AI infrastructure spending continues to expand.
📎 _Read: Business Standard_
📉 *Nvidia Falls 7% in Five Days; Peak-Out Fears and Competition Mount*
Nvidia’s stock dropped ~7% over five sessions amid growing concerns around AI spending rationalisation by megacap tech, rising custom chip competition from Google, Amazon, and Meta, and Nvidia’s share of AI accelerator revenue slipping from 85% (2023) to ~75% (2026).
A structural, not just a sentiment signal: if AI capex cools or diversifies away from Nvidia-centric builds, Indian IT infrastructure plays and semiconductor adjacencies need to factor in a more competitive chip landscape.
📎 _Read: NDTV Profit_
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_Compiled by Investoscope · 27 Jun 2026_