Nvidia wants to build robots 🤖

Private spacetech takes off, core sector picks up, and Coca-Cola's IPO.

🗓️ Morning, folks! ☀️

Dalal Street ended Monday in the red as losses in banking and financial stocks weighed on the benchmarks, while investors kept a close eye on the ongoing US-Iran tensions.

The Sensex and Nifty both closed lower. IT and auto stocks remained under pressure, while pharma, energy and metal stocks bucked the trend.

Broader markets held up better, with both the midcap and smallcap indices ending higher.

💡 Spotlight: India’s core sector growth hits top gear 💪

India’s economic engine picked up speed in June.

The country’s eight (now nine) core industries grew 5% in June, the fastest pace in five months, up from 3.2% in May. The jump was led by stronger production of iron ore, electricity and cement.

June also marked the debut of a revamped core sector index, with iron ore joining the list of key industries alongside coal, steel and electricity.

While iron ore, steel, coal and cement posted solid growth, crude oil, natural gas, refinery products and fertilisers remained under pressure.

Why it matters: core industries are the backbone of the economy and make up about 40% of the Index of Industrial Production (IIP). When these sectors gain momentum, it’s often an early sign that manufacturing and economic growth are picking up too

Let’s hit it! 💪🏻

1 Big Thing: Aerospace gets a $40M boost 🔥

Hyderabad-based Raghu Vamsi Aerospace Group (RVAG) secured $40 million in fresh funding from investors led by Norwest and Skegen Asset Management.

Why it matters: RVAG supplies components to giants like GE Aerospace, Pratt & Whitney, Honeywell, Safran and Collins Aerospace. The fresh capital will help the company expand its manufacturing footprint across India, the UK and the US.

The bigger picture: global aerospace companies are increasingly turning to India to source aircraft components, driving rapid growth in the country’s aerospace manufacturing sector.

The opportunity is significant. Boeing now sources more than $1 billion worth of components and systems from India every year, up from $250 million a decade ago.

Airbus plans to source $2 billion worth of components from India by 2030.

Despite being one of the world’s largest aircraft markets, India currently accounts for just 2% of the global aerospace supply chain. Industry players believe that share has significant room to grow, creating a long runway for companies like RVAG.

Since we’re on the topic of aerospace and Deeptech, here’s something worth checking out.

Over the weekend, Skyroot Aerospace successfully launched Vikram-1, India’s first privately developed orbital-class rocket, marking a major milestone for the country’s private space sector.

We break down some fascinating facts about the mission and why it matters here.

“Japan is missing a new technology, and that new technology is called Physical AI,” Nvidia CEO Jensen Huang said during his visit to Tokyo.

Artificial Intelligence has so far lived inside our phones, laptops and chatbots. Now, Nvidia wants AI to step out into the real world.

Think robots working inside factories, self-driving cars, warehouse machines, delivery bots and smart cameras that can see, think and act on their own.

The context: during his visit to Japan last week, Jensen Huang announced partnership with companies such as Fanuc, Yaskawa Electric, Kawasaki Heavy Industries, Fujitsu, Sony, Hitachi and SoftBank.

Together, these companies will use Nvidia’s AI models to build smarter robots that can understand their surroundings and perform complex tasks on their own.

The why: Japan has one of the world’s oldest populations and a shrinking workforce.

There simply won’t be enough people to work across factories, warehouses and manufacturing plants in the coming decades. That’s where intelligent robots come in.

Everyone around you seems to have an SIP. So why does most mutual fund money still come from just five cities?

More than half of India’s mutual fund assets come from just five cities, with Mumbai and Delhi alone contributing nearly 40%.

The age-wise split is just as interesting. Investors aged 45-58 allocate around 66% of their mutual fund investments to equity, the highest among all age groups. Those under 25, on the other hand, invest about 47% in equity and allocate a larger share to solution-oriented schemes.

India is investing more than ever. But where you live and how old you are still play a big role in where your money ends up.

Full Story Here

4. Football rules the world. Cricket rules the money 💰

Football has billions of fans. But when it comes to money, cricket is punching far above its weight.

The 2026 FIFA World Cup once again proved why football is the world’s biggest sport. Yet cricket’s governing body is now the second-richest international sports federation, ahead of rugby, athletics, swimming, badminton and hockey.

The reason isn’t that cricket became global overnight. It's that India transformed the economics of the sport.

The IPL, ₹11,000+ crore BCCI revenues and billion-dollar media rights have turned cricket into one of the most powerful sports businesses in the world.

Full Story Here

5. Stocks that kept us interested 🚀

What went up ⬆️

🧪 Tatva Chintan Pharma Chem hit the 20% upper circuit after its Q1 profit more than doubled.

🍪 Mrs Bectors Food rallied 11% after Sunil Singhania’s Abakkus acquired nearly a 1% stake.

🏦 PNB jumped up to 6% after Q1 net profit surged 214% YoY, beating street estimates.

💧VA Tech Wabag soared over 6% after securing two large orders worth nearly ₹600 crore.

💊 Natco Pharma rose 5% after receiving US FDA approval for its cancer drug Olaparib, before ending the day flat.

🚀 UltraTech Cement gained after its Q1 profit rose 17% YoY to ₹2,604 crore, while revenue climbed 16%.

📈 Mahindra Logistics, Himadri Speciality and Shyam Metalics gained up to 5% after reporting Q1 results.

What went down ⬇️

🏦 HDFC Bank and Axis Bank fell more than 5% each after their Q1 earnings failed to impress investors.

💰 Yes Bank dropped up to 3% after Q1 results.

What else are we snackin’ 🍿

✈️ Record order: IndiGo placed a record order for over 1,000 aircraft engines from CFM International, a US-France joint venture.

🥤 IPO plans: Coca-Cola has picked four bankers for the IPO of its India bottling unit, with the offering likely to be a full offer for sale (OFS) by the parent company.

🏗️ Mega orders: L&T’s Metals & Minerals business secured government orders worth ₹10,000-15,000 crore, classified by the company as ‘mega’ orders.

📈 Protein inflation: Egg, meat and seafood prices rose 1.35% in June from May, marking their steepest monthly increase since January’s 3% rise, outpacing India’s headline retail inflation.

That’s a wrap! Don’t let the weekday blues get to you.