India's benchmark 6.48% 2035 bond yield rose to 6.9056% on Friday morning, up from 6.8884% at Thursday's close, as traders positioned defensively ahead of a scheduled government debt sale and monitored crude oil price risks. Bond yields move inversely to prices, meaning the selloff reflects reduced demand for sovereign paper at current levels. The dual pressure of fresh supply from the upcoming auction and oil-linked inflation concerns is compressing appetite for longer-duration government debt. Elevated crude prices pose a direct risk to India's fiscal arithmetic by widening the import bill and potentially pushing the government to raise borrowing. Traders will watch the auction's bid-to-cover ratio and cutoff yield closely as a read on market depth and Reserve Bank of India tolerance for rate levels.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
