Multibagger defence stock rebounds from today’s low after receipt of ₹213 crore from DRDO, PSU, others

Passive investing is gaining rapid traction in India, with DSP’s Anil Ghelani projecting ETFs and index funds to grow from 17% to 30% of mutual fund assets within five years. The shift reflects changing investor behaviour, with passive strategies forming core portfolios and active funds playing a selective, high-alpha role.

Shopify soars on strong revenue beat, robust guidance

Foreign investors bought over $1 billion worth of Indian equities last week, marking their biggest weekly purchase since June 2025. Goldman Sachs expects inflows to continue, supported by a stable rupee and improving earnings outlook. Global funds were net buyers of $1.3 billion through July 9, followed by another $272 million of provisional purchases on…