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Uber-backed Lime jumped 8% in its Nasdaq debut, valuing the e-scooter and bike rental company at $1.73 billion. The IPO reflects renewed investor interest in new listings amid volatile markets. Lime, operating in 230+ cities, remains loss-making but benefits from growing urban micromobility demand and Uber partnership support.

Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts. Warsh emphasized the Fed’s independence and announced plans to leverage real-time economic data.

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Domestic equities ended higher, supported by positive Asian cues and a sharp drop in crude prices following improved traffic at the Strait of Hormuz, alongside growing expectations of an imminent India–US trade deal.

Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaiming 24,000. Easing geopolitical tensions, trade deal optimism and lower oil prices boosted sentiment, while analysts maintained a bullish outlook above the key 23,800 support.

Shutterstock shares plunged nearly 30% after Getty Images scrapped its $3.7 billion merger following UK regulator objections. The Competition and Markets Authority required divestment of Shutterstock’s editorial business, leading Getty to walk away. The collapse hit investor sentiment as both firms now face rising competition from AI-generated image tools.

Sebi uncovered an alleged Rs 144 crore pump-and-dump scheme by analysing airline bookings, hotel stays, food delivery records, WhatsApp chats, telecom data and banking trails. The investigation linked digital footprints to identify the alleged mastermind and entities behind five manipulated stocks.

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US stocks fell as US-Iran tensions weighed on sentiment, dragging Dow, S&P 500 and Nasdaq lower. Tech stocks led declines even as Meta surged on AI cloud plans. Investors also tracked Fed rate hike risks, weak manufacturing data, and upcoming US jobs report amid cautious start to second half.