India Inc continues to pile into financial investments while capex stalls

• The FTSE 100 closed up 0.13% at approximately 10,663 points on Tuesday, July 7, 2026, defying a broader downward trend across European markets. • Gains in Shell and financial stocks helped the index recover from Monday's 0.28% dip, offsetting a global sell-off in the semiconductor sector.

• Lexology Pro outlines key regulatory shifts facing global in-house and compliance teams heading into Q3 2026. • Major developments include the conclusion of the European Union’s MiCA transitional period and the implementation of new non-financial misconduct rules for UK financial institutions.

• European shares declined on Wednesday, driven by renewed tensions in the Middle East and rising oil prices that dampened investor sentiment. • The losses were most significant within the airline, banking, and automotive sectors, while technology stocks showed mixed results due to concerns over the AI-driven rally.

• Prime Minister Modi is embarking on a three-nation tour to test and refine India's strategic overseas vision. • Market trends show iron ore prices have dropped below pre-war levels, while BHEL is seeing a revival through strong orders, though execution remains a critical challenge.

• FactSet stock rose 0.84% to reach $252.20 today, coinciding with the company's promotion of the StreetAccount Daily Podcast. • Technical analysis shows a low probability (less than 20%) of further price increases, as only one of four key W1 indicators (RSI W1) currently signals a "Buy."

• The Euro (EUR/USD) showed modest gains, trading around 1.1410 during Asian hours on Wednesday after experiencing slight losses the previous day. • The currency's movement comes as the US Dollar remains sideways, reflecting a period of general market caution.

• The United States and Iran have exchanged military strikes in the Gulf region, escalating tensions between the two nations. • Oil prices have surged following U.S. attacks on Iran, specifically targeting areas related to shipping in the strategic Strait of Hormuz.

• Foreign Direct Investment (FDI) in India has reached a five-year high, driven by strong capital inflows and resilient domestic demand despite global trade headwinds. • The services sector emerged as the primary growth engine with a 10% expansion, followed by industry growth of 7.3% and a more subdued 3.6% increase in agriculture.

• Mehul Kothari, DVP of Technical Research at Anand Rathi, issued stock buy recommendations for July 7 and 8, 2026. • The top recommended stocks to purchase include Hero MotoCorp and Tata Steel.

• Major US stock indexes declined on Tuesday, July 7, 2026, as a downturn in AI-related stocks dragged down overall market performance. • The S&P 500 fell 0.4% for the day, despite the fact that the majority of individual stocks within the index actually saw gains.

• Brent crude oil is trading in the mid-$70s and WTI is priced above $70 per barrel. • The price increase is driven by escalating geopolitical tensions between the United States and Iran.