U.S. stocks ended lower on Tuesday, with the Nasdaq and the S&P 500 closing at one-week lows as semiconductor shares sold off. The Philadelphia SE Semiconductor index and the S&P 500 information technology sector both declined, while Nvidia, AMD, Intel and Marvell weakened. Investors questioned whether debt-funded AI capital spending is sustainable and grew more cautious about the Fed potentially hiking rates again in December, pushing volatility to a one-week high.

India’s Enforcement Directorate raided nine locations linked to Rajesh Exports in Bengaluru and Mumbai as part of an investigation into alleged forex violations. Investigators found the company’s physical gold inventory was about 40% lower than what was recorded in its books and flagged suspected benami shareholdings as well as adjustments of trade receivables and payables of nearly ₹3,000 crore. Sebi had previously alleged the company overstated consolidated revenue by more than ₹15 lakh crore over a five-year period. The developments have raised questions over confidence in the gold trading chain but do not point to changes in global gold supply-and-demand fundamentals.

SpaceX shares have fallen more than 30% from their June 16 peak, wiping about $928 billion from the company’s market value and weighing on sentiment across technology stocks. The report names Palantir and Micron among the S&P 500’s biggest decliners on the session, while the Nasdaq 100 was set to shed more than $1 trillion in value. Although SpaceX is not publicly listed, the article frames an “IPO” context and says the valuation swing has intensified scrutiny of richly valued tech assets and concerns over the durability of AI capital spending.

The Nasdaq 100 was poised to shed more than $1 trillion in market value in a single session as technology shares sold off broadly. SpaceX fell below $2 trillion in market capitalization, while chipmakers such as Intel, Advanced Micro Devices and Micron posted steep declines. Six of the “Magnificent Seven” were lower, with Nvidia, Tesla and Apple among those set to erase a combined $345 billion in value if losses hold. Investors also weighed uncertainty over returns on AI-related spending and rising expectations for a total of 50 basis points of Federal Reserve rate increases by December, up from 25 basis points two weeks earlier.

US tech megacaps fell on Monday as investors worried that massive capital spending on AI infrastructure may not deliver adequate returns. Alphabet slid 6%, its biggest one-day drop of the year, wiping $256 billion off its market value, while Amazon fell 4.8% and Meta and Microsoft each dropped about 3%. In contrast, semiconductor and data-storage names such as Micron and SanDisk rose.

Vedanta Aluminium, demerged and listed on June 15, 2026, has a market capitalization of Rs 1.84 lakh crore. It is expected to be upgraded to the large-cap category in AMFI’s H2 CY26 reshuffle, effective August 1, 2026. The large-cap cutoff is projected to rise to Rs 1.07 lakh crore.

Indian government bonds traded cautiously in early Monday dealing as easing oil prices were tempered by lingering concerns over U.S.-Iran tensions. Oil slipping below $80 a barrel offered some relief for import costs and inflation pressures. Traders also stayed alert to El Nino-related inflation risks and broader moves in global yields. Markets are awaiting a decision on whether India will be included in a major global bond index, which could lift foreign investment inflows.

Shares of Vedanta’s newly demerged units—Aluminium, Oil & Gas, Power and Iron & Steel—rose as much as 5% for a second straight session. Citi started coverage on Vedanta Aluminium with a Buy rating and a target price of Rs 560, and said aluminium prices could rise to $4,000 per tonne. Vedanta Oil & Gas, which houses Cairn, also gained amid investor interest.

Progress in U.S.-Iran peace talks helped push oil prices lower, easing inflation worries and lifting gold and silver on MCX. MCX gold futures rose Rs 784 to Rs 1,47,987 per 10 grams, while MCX silver futures climbed Rs 4,000 per kg. Still, hawkish Federal Reserve signals lifted the implied probability of a December rate hike to 89%, weighing on the broader outlook for precious metals.