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Indian stocks are rallying as global investors exit crowded AI-linked positions. India has emerged as the “obvious destination” for investors trimming their exposure to technology stocks, said Todd McClone. The Nifty IT index surged 16.7% in July, while broader markets also outperformed peers as sentiment towards India got a boost.
India’s cooperative banking sector includes 1,843 banks serving over 22 crore accounts across the country. These institutions hold deposits of ₹13 lakh crore and support many farmers. While they built deep community trust, the sector now faces structural and technological challenges that the Ministry of Cooperation started addressing after 2021.
Gold is often considered a hedge against inflation because it has historically helped preserve purchasing power over the long term. Daily gold prices are influenced by global gold rates, currency movements, import duties, and local demand. Many people use gold to balance market volatility and support their financial needs.
Defense technology company Space-Eyes will go public through a $638 million merger with McKinley Acquisition Corp. Eric Trump, a major investor, will serve as a strategic adviser. "He is an important adviser that connects us to people and opportunities," sources said. The deal should close in late 2026.
SEBI agreed to settle the NSE co-location and dark fibre case for Rs 1,491 crore. The exchange received a communication dated July 30, 2026, regarding this settlement. This move clears a major regulatory hurdle for the NSE, which has long been preparing for a potential initial public offering for investors.
Strong demand for State Bank of India’s perpetual bond issue is expected to encourage other banks to launch similar offerings. Four merchant bankers said this on Friday. SBI raised $492 million this week. "A successful SBI issuance could provide an important pricing benchmark and encourage other banks to evaluate AT-1 issuances."
Aditya Birla Capital reported a 40% rise in profit to ₹1,175 crore for the first quarter ended June. The company saw its total income grow to ₹12,187 crore. Assets under management rose 36% to ₹7,52,745 crore. Many businesses, including insurance and lending, helped the firm get these strong results.
European shares hit a record high on Friday as a global tech rally and strong earnings lifted market sentiment. The STOXX 600 index rose 0.9% to 655.2 by 0712 GMT. Investors got a boost from lower oil prices, even as Melrose Industries fell 9.3% after reporting expected future costs.
Cathie Wood’s Ark Invest bought 78,965 shares of Nvidia worth $15.5 million after the stock fell. The purchase showed her renewed confidence in the chipmaker’s long-term AI growth. Nvidia shares fell over 6% in five sessions and are down 17% from their mid-May peak, yet Wood continues to buy high-growth stocks.
National Securities Depository Ltd reported a 15.3 per cent rise in standalone income to Rs 219.7 crore for the quarter ended June 30, 2026. While revenue grew, profit growth remained muted at 7.9 per cent. Shares fell 0.4 per cent on Friday as many investors reacted to the latest financial results.
The Supreme Court on Friday upheld an NCLAT order setting aside a Rs 301.6-crore penalty on Grasim Industries. The CCI had imposed this fine for alleged market dominance. Now, the regulator must hear the Aditya Birla Group firm again because it did not give the company a fair chance earlier.
PM Modi will visit Andhra Pradesh and Karnataka on August 1 to launch projects worth Rs 17,900 crore. He will inaugurate the Alluri Sitarama Raju International Airport in Bhogapuram and lay the foundation for a new semiconductor facility. Later, he will open the Viveka Smaraka cultural centre in Mysuru city.