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Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.

The new government is expected to largely retain its tax and non-debt capital receipt projections as was presented during the Interim Budget in February. In that case, a transfer of Rs 2.11 trillion by the RBI translates into excess receipts of about Rs 1.5 trillion in FY25. A considerable part of it is likely to be spent under various heads, while a small portion could be used to reduce the fiscal deficit.

A Crowdstrike software glitch caused U.S. stock declines Friday. Dow Jones, Nasdaq, S&P 500 dropped amid high volatility. Nvidia, Philadelphia SE Semiconductor Index fell. Fed targets 2% inflation. Russell 2000 declined. Strong second-quarter earnings; Tesla, Alphabet next week. Eli Lilly, Intuitive Surgical, SLB rose. Travelers, Netflix fell. Negative weekly performance. Volume down, investor anxiety up.

Gold prices drop by more than 1% due to a stronger dollar and profit-taking after recent highs. Market uncertainty persists over potential U.S. interest rate cuts. Silver, platinum, and palladium also experience weekly declines amid economic fluctuations.

Reliance Industries faced profit constraints in the June quarter due to declining refining margins. Analysts anticipate ongoing uncertainty in refining margins. Stock rose 14% driven by telecom earnings growth. Telecom sector saw subscriber addition and expects revenue increase from recent tariff hike. Retail segment reported 10.5% operating profit growth.

​Berkshire still owns more than 998 million shares, valued at over $42 billion, making the conglomerate one of the bank’s largest shareholders, according to Bloomberg data. Bank of America stock has risen 7.9% in the month to date.

Indian Hotels Company (IHCL) reported Q1 profit of ₹260 crore and revenue ₹1,550 crore, up 10% and 6%. Ginger, Qmin, Ama Stays & Trails saw 37% revenue growth. TajSATS and The Chambers rose 17%, achieving a 31% Ebitda margin. Despite election impacts, demand outpaced supply. Management fee income ₹114 crore. CEO Puneet Chhatwal credited the diversified top line.

In Greed & Fear, Chris Wood noted reduced concern about capital gains tax hike, warning of significant market impact. Sensex and Nifty fell. India’s market cap to GDP is 145%. A reduced mandate makes tax hike unlikely. US Fed may ease policy with 25bps cut by September and 64bps by 2024; growth could slow materially.

Ajit Dayal of Quantum Advisors cautions investors about the overflow of froth from small and mid-cap stocks into large caps. Despite optimism about the Indian economy, high share valuations raise concerns. Warning against potential crisis in illiquid and small-cap stocks.

The Indian market is now the fourth-largest market in the world. It is the fifth biggest economy in the world. Unless it deeply disappoints, it would not correct a lot but neither can we expect that from here on, you should make 20% at the index level over the next one or two years, says Samir Arora.