📰 India Business Brief: Top Headlines for July 30, 2026

Business Standard

• RBI Forex Drive: Governor Sanjay Malhotra announced that banks have mobilized $32 billion under recent forex measures. However, the inflows have yet to significantly boost the rupee or domestic banking liquidity, with a surplus expected only in the coming months.
• Market Cues: The GIFT Nifty indicates a lower start for Indian benchmarks on July 30, tracking a sharp decline in Wall Street. Investors are reacting to the US FOMC meeting where rates were kept at 3.5–3.75%, but hawkish commentary from Chair Kevin Warsh signaled a prolonged fight against inflation.
• Earnings Watch: A heavy slate of Q1 results is expected today, including major players such as Mahindra & Mahindra, Bajaj Finance, Mankind Pharma, and Indian Railway Finance Corporation (IRFC).
• Global Oil Surge: Brent crude jumped over $90 per barrel following intensified strikes in the Middle East, including US-Saudi actions against Iran-backed groups, raising concerns over global energy supply stability.

Economic Times

• Fed Fallout: US Federal Reserve Chair Kevin Warsh’s message on inflation has "misfired" according to market analysts, fueling bets on potential future rate hikes. This caused a violent reaction in treasury bonds, with the 30-year yield hitting its highest level in nearly two decades.
• Adani Group Results: Adani Ports reported a 10% rise in Q1 net profit driven by overseas growth. Conversely, Adani Enterprises posted a quarterly loss, primarily attributed to a one-time charge related to US government proceedings.
• IPO Debut: Indo-MIM is set for its market debut today. Grey Market Premium (GMP) trends suggest a strong listing with potential gains of up to 39% over the issue price.
• Corporate Moves: Sony has proposed the acquisition of camera lens maker Tamron, while BMW has announced plans to cut 8,000 jobs by the end of 2027 to streamline operations.

Mint

• Market Technicals: Following a sharp rally on Wednesday where the Sensex surged 889 points, the Nifty 50 settled at 24,250. Analysts suggest that while momentum is strengthening, the index remains below its 200-day EMA, indicating a cautious broader trend.
• Mag 7 Earnings: Microsoft reported a 43% jump in Azure revenue, clearing $100 billion for the first time annually. However, Meta’s stock faced pressure as its quarterly capex narrowed but remained high at $130B-$145B, despite a 28% jump in revenue.
• Sectoral Performance: IT, Metal, and Financial Services emerged as top gainers in the previous session, whereas the Auto and Realty sectors witnessed mild profit booking ahead of today's trade.
• Commodity Update: Gold prices edged higher as the dollar index softened following the Fed’s decision, with investors seeking safety amid escalating geopolitical tensions in the Middle East.

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