Mcap of nine of top-10 most valued firms erodes by Rs 2.74 lakh cr; HDFC Bank takes biggest hit - The Economic Times

• The European Central Bank (ECB) reported on economic and financial developments across institutional sectors for the first quarter of 2026. • A notable increase in net lending was observed, driven largely by the conversion of pension schemes from defined benefits to defined contributions in the Netherlands.

• Global stock markets and Wall Street futures rose on Monday morning, with Dow and S&P 500 futures increasing by 1.04% and 1.02% respectively. • The rally was driven by a sharp decline in oil prices following the easing of hostilities in the Middle East, which reduced immediate inflation concerns.

• The European Central Bank (ECB) reported monetary developments for the euro area as of June 2026. • Data shows a divergence in deposit growth, with household deposits slowing to a 2.6% annual growth rate from 2.8% in May.

• ChangXin Memory Technologies (CXMT) became China's most valuable listed company by market capitalization after its shares surged over 500% during its Shanghai debut on Monday. • The memory chipmaker raised 57.92 billion yuan ($8.55 billion) by pricing its IPO at 8.66 yuan ($1.28) per share.

• Brent crude oil prices dropped 5% to $91 per barrel following a pause in strikes between the US and Iran. • Global financial markets are bracing for a high-risk week driven by the upcoming Federal Reserve interest rate decision and major technology company earnings reports.

• Chinese chipmaker CXMT experienced a massive 530% surge during its debut on the Shanghai stock exchange, propelling it to the top of China's valuations. • The rally comes amid broader market volatility, with South Korea's KOSPI and Taiwan stocks falling over 1% on Monday.

• CXMT Corp shares surged nearly 470% during their trading debut on the Shanghai Stock Exchange this Monday. • The surge follows the company's launch as Asia's largest initial public offering (IPO) of the year.

• Global markets this week will be primarily driven by the US Federal Reserve's interest rate decision, crude oil price fluctuations, and ongoing developments regarding the West Asia conflict. • In India, investors are specifically monitoring the release of June Industrial Production (IIP) data to gauge domestic economic health.

• Stock futures surged on Monday as the market entered the busiest week of the corporate earnings season. • Oil prices plummeted following a pause in military strikes and hostilities between the United States and Iran.

• Wall Street index futures rose on Monday following an announcement that the United States and Iran have paused hostilities over the weekend. • The geopolitical de-escalation caused oil prices to drop sharply, boosting premarket trading for energy-sensitive stocks, including United Airlines and American Airlines.

• Wall Street futures are climbing as oil prices drop following a pause in tensions between the U.S. and Iran. • Investors are shifting their focus toward upcoming corporate earnings reports and the Federal Reserve's latest policy signals.