📰 Latest Economy & Stock Market News
Quote of the day by George Soros: "A boom/bust process occurs only when market prices find a way to influence the so-called fundamentals that are supposed to be reflected in market prices."
Updated at : 2026-07-07 18:20:02

George Soros observed that market prices influence economic fundamentals. Rising prices attract buyers and encourage business expansion, which alters underlying conditions. This self-reinforcing loop creates boom periods where optimism fuels further price increases. Conversely, falling prices reduce confidence and tighten credit, accelerating downturns. Understanding this interactive system is crucial for navigating financial market dynamics.

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Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?
Updated at : 2026-07-07 16:30:02

Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.

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Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shorts
Updated at : 2026-07-07 16:25:02

On Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity within the non-deliverable forward market. This prompted traders to adjust their positions, marking a reversal of the prior trend in forward market premiums. Additionally, other Asian currencies showed resilience against the dollar as investors forecast a reduction in U.S. interest rate hikes for the remainder of the year.

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FIFA World Cup drives prediction market to record high; sports volumes may hit $740 billion by 2030, says Binance Research
Updated at : 2026-07-07 16:20:02

The 2026 FIFA World Cup became the largest prediction market event, generating over $5.4 billion in trading volume. Expanded participation, lower-cost markets and AI-driven innovations are accelerating adoption, with annual sports prediction market volumes projected to reach up to $923 billion by 2030.

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Info Edge shares surge 11% after Q1FY27 billings rise 14% YoY
Updated at : 2026-07-07 14:20:02

Info Edge shares rose sharply after the company reported a 14.4% year-on-year rise in Q1FY27 standalone billings, led by strong growth in its recruitment and real estate businesses. Investor sentiment was also supported by the Coding Ninjas acquisition and additional commitment to its startup investment fund.

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Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?
Updated at : 2026-07-07 10:20:01

Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and Vedanta Power also saw their stock prices fall since listing.

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IT stocks are beginning to offer bank FD-like dividend yields. But is that a trap for investors?
Updated at : 2026-07-07 09:25:02

Indian IT stocks now offer dividend yields comparable to bank fixed deposits. These yields have risen because stock prices have significantly declined from their peaks. Companies possess substantial liquidity and are actively using buybacks and dividends for support. However, sector headwinds from AI and geopolitics create uncertainty for future growth. Investors face a polarized market with potential risks and rewards.

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Atharva Polyplast, Seemax Resources among 6 SME IPOs set to debut on bourses today. Check details
Updated at : 2026-07-07 09:20:02

Six SME IPOs are set to debut on the stock exchanges today, with Atharva Polyplast, Seemax Resources, Sampark India Logistics and Kratikal Tech listing on the BSE SME platform, while Teja Engineering Industries and Vinit Mobile will debut on the NSE SME platform. Kratikal Tech topped the pack, raising Rs 39.69 crore and garnering a 205-times subscription.

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Gold down as markets await Fed meeting minutes for policy direction
Updated at : 2026-07-07 08:35:02

Gold prices declined Tuesday, trading below recent highs. Investors await U.S. Federal Reserve minutes for policy direction. U.S. services sector activity dipped, but employment showed stability. Bullion prices retreated from earlier record highs this year. Perth Mint gold sales reached a two-month peak in June.

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Wall Street warms to India’s markets as oil pressures fade
Updated at : 2026-07-07 08:30:02

India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the US-Iran war stoked concerns about the country’s external finances, pushing the rupee to record lows. As those pressures ease, bankers and investors say interest in local assets is beginning to recover.

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