_Markets open — regular session_
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📊 *ECONOMY & POLICY*
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🤝 *India, Australia seal uranium pact, fast-track CECA*
PM Modi and PM Albanese operationalised an 11-year-old civil nuclear deal enabling Australian uranium exports to India, plus a Critical Minerals Corridor and Defence Innovation Corridor.
Watch nuclear-power and critical-minerals plays; CECA push adds a medium-term trade-policy tailwind.
📎 _Read: Business Standard_
💡 *June CPI seen topping RBI’s 4% target*
A Reuters poll of 37 economists pegs June CPI at 4.3%, up from 3.93% in May — the highest since the CPI series was rebased in January. Data due 13 Jul.
A breach raises rate-cut-delay risk and keeps bond yields on watch into next week’s print.
📎 _Read: Business Standard_
🏦 *Govt waives duty on electronics, EV-battery inputs till 2029*
CBIC exempted basic customs duty on display-assembly and wireless-charging components, plus an expanded 85-item capital-goods list for lithium-ion cell manufacturing.
Positive for PLI-linked electronics and battery-gigafactory names on cost competitiveness.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💻 *TCS Q1 profit up 4.7% to ₹13,420cr, revenue +14%*
Consolidated net profit rose to ₹13,420cr (vs ₹12,819cr YoY) on revenue of ₹72,275cr; PBT up 5.7% YoY but down 2.6% sequentially. ₹12/share interim dividend declared.
Sets the tone for IT earnings season — sequential PBT dip flags margin pressure investors will watch across peers.
📎 _Read: Business Standard_
💰 *Tata Group targets $100bn auto revenue by FY31*
Chairman N Chandrasekaran outlined ~₹4 lakh-crore domestic and €20bn JLR investment over five years, split across JLR ($45-50bn), CV ($40bn) and PV/components, post the Tata Motors demerger.
A multi-year capex and electrification story for the auto and component supply chain.
📎 _Read: Business Standard_
💰 *Apollo Micro to buy 41.3% of Premier Explosives for ₹1,550cr*
The all-cash deal plus a mandatory 26% open offer at ₹698/share values Premier Explosives at ~₹3,750cr, vertically integrating defence electronics with propellant manufacturing.
Signals consolidation in India’s private defence sector — watch for re-rating in small/mid-cap defence names.
📎 _Read: Economic Times_
📈 *Kalyan Jewellers zooms 25% in two sessions*
Shares surged after Citi reiterated Buy with a ₹750 target; Q1 revenue grew ~38% YoY with same-store sales up nearly 28% and digital arm Candere up 112%.
Strong festive-season read-through for organised jewellery retail broadly.
📎 _Read: Business Standard_
💡 *Active credit cards grow 5x in a decade to 10.7cr*
TransUnion CIBIL data shows cards in force rose from 2.1cr in March 2016 to 10.7cr in March 2026.
Underscores durable formalisation of consumer credit — structurally supportive for card-issuing banks and NBFCs.
📎 _Read: NDTV Profit_
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🌍 *GLOBAL & WORLD*
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🔥 *Hormuz shipping grinds to near standstill*
Ship-tracking data show transits collapsed to ~14 vessels Wednesday (from a 34-vessel daily average) after a second day of US strikes on Iran and Trump’s declaration the ceasefire is “over.”
Direct upside risk to crude and India’s import bill if the slowdown persists.
📎 _Read: Business Standard_
💻 *OpenAI launches ChatGPT Work, escalating enterprise AI race*
Powered by new model GPT-5.6, the agent automates workplace tasks across Slack, Teams, Drive and CRM tools — rolling out first to Pro/Enterprise/Edu users.
Intensifies competitive pressure on Indian IT services’ automation and GCC value propositions.
📎 _Read: Reuters (via BNN Bloomberg)_
https://www.bnnbloomberg.ca/business/artificial-intelligence/2026/07/09/openai-launches-chatgpt-work
💻 *Meta opens Muse Spark 1.1 model to developers via new API*
Meta’s first commercially-priced model API ($1.25/$4.25 per million input/output tokens) targets agentic coding and multimodal workloads, intensifying competition with OpenAI, Google and Anthropic.
Another data point on falling AI-inference costs — relevant for India’s IT/GCC AI-adoption curve.
📎 _Read: Meta AI Blog_
https://ai.meta.com/blog/introducing-muse-spark-meta-model-api
💡 *Nvidia trades at cheapest valuation since AI boom began*
After shedding nearly $1 trillion in market value in under two months, Nvidia sits near its lowest multiple of the AI-boom era; analysts stay constructive on fundamentals and technicals.
A read-through for India’s AI-linked IT and data-centre plays tracking global chip sentiment.
📎 _Read: Pulse_
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_Compiled by InvestoScope · 10 Jul 2026_