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Multibagger small-cap Cupid logs biggest one-day fall in 6 months; ends 3-day rally
Cupid shares fell 11% on July 8, reversing a strong 14-session winning streak. After hitting a record high of ₹226, the stock plunged to ₹197, marking its biggest single-day decline since January. Retail investors benefited significantly from its 1,416% rally over the past years.
INR tumbles sharply against US dollar as oil prices soar on renewed US-Iran tensions; Sensex, NIFTY plunge over 2%
The Indian rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. The US military attacked Iran early Wednesday after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic's ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. Following the strikes, global crude oil prices rose exponentially. Brent crude, the global oil benchmark, was trading higher by 6.16 per cent at USD 78.73 per barrel in futures trade. The Indian stock market also suffered a massive crash, with the NSE Nifty 50 plunging 516.65 points (2.12%) to close at 23,882.05, while the BSE Sensex tanked 1,677.12 points (2.15%) to settle at 76,503.60.
EV Sales Surge: India Clocks 3.06 Lakh Retail Units in June
The data shows that the shift towards electric mobility is no longer confined to a single vehicle category.
SEBI Replaces Dollar-Based FPI Registration Fee With Rupee-Denominated Structure
As per the notification, SEBI has revised the registration fee for Category-I FPIs from $2,500 to Rs 2.3 lakh.
Can Virat Kohli crack India’s celebrity-brand jinx?
Virat Kohli relaunched his lifestyle brand One8 with Agilitas Sports. This venture aims to overcome past challenges faced by celebrity-backed brands. Agilitas brings operational expertise and manufacturing capabilities to the brand. The company is focusing on rapid product development and efficient distribution. Success will depend on consumer repeat purchases within the first year.
Torrent Pharma among 6 stocks to hit 52-week highs & rally up to 25% in a month
Despite a sharp sell-off in the broader market, six BSE 200 stocks touched fresh 52-week highs, highlighting resilient investor confidence. The outperformers from retail, pharmaceuticals and energy sectors continued to show strong momentum, signalling sustained buying interest despite market volatility.
NCERT revises Class 8 textbook: Partition narrative tweaked, Savarkar added, Hitler references removed
NCERT has revised its Class 8 social science textbook with several significant changes. The Partition chapter now presents a debated acceptance of the division, and VD Savarkar's Swaraj demand is included. References to Adolf Hitler and Nazi ideology have been removed from a freedom struggle chapter. The judiciary chapter was rewritten after Supreme Court intervention and now includes new legal content.
FOMC Minutes Can Reinforce US Dollar Floor - Investing.com India
FOMC Minutes Can Reinforce US Dollar FloorInvesting.com India
Dollar index adds strength as renewed tensions between US and Iran drive inflation concerns
Dollar index is adding strength on Wednesday morning in Asia following renewed tensions between US and Iran. Reported US air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes has kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. The dollar index that measures the greenback against a basket of currencies is quoting at 100.88, up marginally on the day. The yield on the US 10-year Treasury note remained near a one-month high of around 4.55% on Wednesday after climbing sharply in the previous session.
NBFC credit growth accelerates to 14.2% in May led by retail loans as a major contributor: RBI data
NBFCs credit registered a growth of 14.2 per cent in May 2026 as compared to 11.4 per cent a year ago, on a year-on-year (y-o-y) basis, RBI data showed. Credit growth in agriculture and allied activities recorded a robust growth of 17.9 per cent (y-o-y) in May 2026 against 5.0 per cent a year ago. Credit to industry grew by 7.3 per cent (y-o-y) in May 2026 as compared with 10.0 per cent in May 2025. Moderation in growth in industry was primarily driven by subdued growth in infrastructure, a major constituent of the segment.
India looks attractive again as AI trade cools; oil likely to stay at $80–100: Arvind Sanger
Arvind Sanger, Managing Partner at Geosphere Capital Management discusses the next phase of the AI investment cycle, India's growing appeal as valuations improve, challenges facing IT services and GCCs, and why foreign investors are beginning to look at Indian equities again.
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.