Meesho saw a block deal worth about Rs 1,949 crore, with 10.48 crore shares—around 2.27% of its outstanding equity—changing hands. The trade came the day after the company reported June-quarter earnings and after CNBCTV18, citing sources, said Peak XV Partners and Elevation Capital were exploring the sale of a combined 2.3% stake via block deals. Buyers and sellers were not disclosed, while the stock rose 0.96% to Rs 193.40.

Two India IPOs are heading into their final day of bidding on Monday, with MV Electrosystems seeing strong demand while Juniper Green Energy remains under-subscribed. MV Electrosystems’ Rs 290 crore offer was nearly covered by institutional investors and drew heavy retail interest, whereas Juniper Green’s Rs 1,800 crore issue has yet to be fully subscribed. Analysts flagged customer concentration risk at Juniper Green, where the top two customers contribute 86.06% of FY26 revenue.

Alphabet reported its first-ever negative free cash flow quarter at -$5.9 billion and raised its 2026 capital expenditure guidance by $15 billion to $195 billion–$205 billion, citing AI infrastructure demand that continues to outpace capacity. Despite revenue beating expectations, investors focused on the cash impact of accelerating AI investment, sending GOOGL down 10% in after-hours trading. The earnings signal also weighed on Meta and Microsoft, as markets reassessed whether the AI capex race is translating into sustainable cash generation.

Bank of Baroda said net profit for the June 2024 quarter fell 72% year on year to Rs 1,278 crore, weighed by a one-time $600 million charge tied to the NMC Health litigation. Net interest margin slipped to 2.77% and core fee income declined 22%, prompting multiple brokerages to cut earnings forecasts and target prices. The bank is also probing claims of a potential leak of nearly 1TB of customer data, adding to concerns over reputational and regulatory risk. Shares fell 2% on the day as investors focused on earnings quality and these overhangs.

Alphabet CEO Sundar Pichai said Gemini 3.5 Pro was delayed after missing internal targets in coding and agentic tasks, but argued Gemini 4 will be a major step up. Alphabet reported Google Cloud revenue rose 82% year on year to $24.8 billion and said cloud backlog reached $514 billion. The company posted total revenue of $119.8 billion and profit of $112.1 billion, while shares fell more than 3% in after-hours trading despite Gemini reaching 950 million monthly active users.

India’s benchmark Sensex and Nifty50 slipped 0.13% on Tuesday, ending a four-session winning streak as profit-taking spread after Trent’s weaker-than-expected June-quarter business update sent the stock down 12.42%. Information technology shares outperformed, with the IT index up 2.43% and HCLTech, Tech Mahindra and Infosys each rising more than 2.8%, limiting the downside. Investors stayed cautious ahead of the release of the U.S. Federal Reserve’s meeting minutes and the start of the Q1 earnings season.

India’s MCX gold has pulled back from a record Rs 192,991 per 10 grams to about Rs 143,610, a 26% drop of nearly Rs 50,000. The move has been driven by a repricing of US Federal Reserve policy, with markets factoring in three rate hikes this year and nearly an 80% chance of another increase in December. A stronger US dollar and a brief jump in oil prices have also fed inflation concerns, weighing on bullion. International gold has fallen for four straight weeks, with COMEX support seen at $3,950–$4,000 and a possible move toward $3,600 if that range breaks.

X is publicly recruiting Meta employees it describes as “neglected,” saying it will match or even exceed Meta’s snack budget while seeking web and data engineers and scientists. The outreach comes after Meta laid off around 8,000 employees in May and reassigned about 6,500 engineers and product managers to AI projects, moves that have weighed on morale. Some employees have likened the mandatory AI task force to being “drafted” and pushed back against a mouse-and-keystroke tracking initiative.

India’s inflation risk is increasingly tied to domestic monsoon conditions rather than international crude oil, after retail inflation rose to 3.93% in May from 3.48% in April. The Reserve Bank of India has raised its FY27 inflation forecast to 5.1% from 4.6% amid higher energy costs and uncertainty. While easing Middle East tensions have helped oil prices retreat, a weak monsoon could lift food prices and keep inflation firm, limiting room for rate cuts.