Morning Alert..
*ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost*
The Asian Development Bank (ADB) on Wednesday raised India’s growth forecast for the financial year 2026 (FY26) by 70 basis points to 7.2 per cent, citing consumption boost driven by recent tax cuts. However, its growth projection for FY27 remained unchanged at 6.5 per cent. The upward revision by the Manila-based lender comes on the heels of India reporting an impressive 8.2 per cent GDP growth in the second quarter of FY26 (Q2FY26), the fastest in six quarters. “India’s GDP grew by 8.2 per cent in the second quarter of the current fiscal (July–September 2025), the fastest in six quarters, supported by robust private consumption despite subdued government spending. The FY26 outlook has been upgraded by 0.7 percentage points to 7.2 per cent, largely due to strong domestic demand aided by recent tax reductions,” said ADB in its latest Asian Development Outlook. The ADB revision aligns with improved sentiment among other global institutions as well. The IMF recently praised India’s growth momentum and fiscal discipline, while Fitch Ratings on Thursday lifted its FY26 forecast to 7.4 per cent from 6.9 per cent earlier, citing stronger consumer spending and better sentiment following GST reforms.
*Global market action*
Dow Jones – Down by 0.02% or 9.85 points
FTSE – Up by 0.14% or 13.52 points
CAC – Down by 0.37% or 29.82 points
DAX – Down by 0.13% or 32.51 points
Gift Nifty – Up by 0.51% or 135.50 points
*FII/DII activities*
FII – Sold 1651.06Cr worth of shares
DII – Bought 3752.31Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
V-Guard Industries Ltd – 92.7%
HUL – 84.1%
P&G Hygiene & Healthcare Ltd – 82.8%
Sai Life Sciences Ltd – 82.4%
Garware Technologies Fibres Ltd – 81.8%
*Primary market activities*
IPOs opening today
HRS Aluglaze Ltd (BSE SME) – Issue size 50.92Cr
Pajson Agro India Ltd (BSE SME) – Issue size 74.45Cr
Listing today
Western Overseas Study Abroad Ltd (BSE SME) – Subscribed 1.41x
Luxury Time Ltd (BSE SME) – Subscribed 635.53x
*Commodities updates*
Gold - Rs 129808/10gm, Silver – Rs 188750/kg, Brcrude – Rs 5234/barrel, Copper – Rs 1085.55/kg.
*ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost*
The Asian Development Bank (ADB) on Wednesday raised India’s growth forecast for the financial year 2026 (FY26) by 70 basis points to 7.2 per cent, citing consumption boost driven by recent tax cuts. However, its growth projection for FY27 remained unchanged at 6.5 per cent. The upward revision by the Manila-based lender comes on the heels of India reporting an impressive 8.2 per cent GDP growth in the second quarter of FY26 (Q2FY26), the fastest in six quarters. “India’s GDP grew by 8.2 per cent in the second quarter of the current fiscal (July–September 2025), the fastest in six quarters, supported by robust private consumption despite subdued government spending. The FY26 outlook has been upgraded by 0.7 percentage points to 7.2 per cent, largely due to strong domestic demand aided by recent tax reductions,” said ADB in its latest Asian Development Outlook. The ADB revision aligns with improved sentiment among other global institutions as well. The IMF recently praised India’s growth momentum and fiscal discipline, while Fitch Ratings on Thursday lifted its FY26 forecast to 7.4 per cent from 6.9 per cent earlier, citing stronger consumer spending and better sentiment following GST reforms.
*Global market action*
Dow Jones – Down by 0.02% or 9.85 points
FTSE – Up by 0.14% or 13.52 points
CAC – Down by 0.37% or 29.82 points
DAX – Down by 0.13% or 32.51 points
Gift Nifty – Up by 0.51% or 135.50 points
*FII/DII activities*
FII – Sold 1651.06Cr worth of shares
DII – Bought 3752.31Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
V-Guard Industries Ltd – 92.7%
HUL – 84.1%
P&G Hygiene & Healthcare Ltd – 82.8%
Sai Life Sciences Ltd – 82.4%
Garware Technologies Fibres Ltd – 81.8%
*Primary market activities*
IPOs opening today
HRS Aluglaze Ltd (BSE SME) – Issue size 50.92Cr
Pajson Agro India Ltd (BSE SME) – Issue size 74.45Cr
Listing today
Western Overseas Study Abroad Ltd (BSE SME) – Subscribed 1.41x
Luxury Time Ltd (BSE SME) – Subscribed 635.53x
*Commodities updates*
Gold - Rs 129808/10gm, Silver – Rs 188750/kg, Brcrude – Rs 5234/barrel, Copper – Rs 1085.55/kg.
Morning Alert..
*Rupee hits fresh low on outflows and US trade deal delay; bond yields ease*
The rupee hit a fresh closing low of 90.37 per dollar on Thursday, pressured by foreign outflows from both bonds and equities. Uncertainty around the trade deal with the US also weighed on sentiment. The Indian unit slipped to a fresh intraday low of 90.49 before recovering some losses after the Reserve Bank of India intervened in the foreign exchange market through dollar sales, dealers said. The previous all-time closing low was on December 3 when it hit 90.20. The rupee, which depreciated 0.45 per cent on Thursday, is the worst-performing Asian currency this year, slipping 5.26 per cent against the dollar. “There were some outflows, and stop losses were triggered,” said a dealer at a state-owned bank. “In the middle of the day, there was some comment from a government official that a trade deal would happen by the end of March, which put downward pressure. The market was expecting the trade deal to be finalised by December,” he added. Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said India and the US have ironed out “most of their pending differences” on trade, and that a formal agreement could be in place by March 2026.
*Global market action*
Dow Jones – Up by 0.23% or 109.71 points
FTSE – Up by 0.49% or 47.63 points
CAC – Up by 0.78% or 63.07 points
DAX – Up by 0.68% or 164.47 points
Gift Nifty – Up by 0.42% or 109.50 points
*FII/DII activities*
FII – Sold 2020.94Cr worth of shares
DII – Bought 3796.07Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Rainbow Children Medicare Ltd – 93%
Garware Technical Fibres Ltd – 91.1%
Cohance Lifesciences Ltd – 82.7%
Bajaj Housing Finance Ltd – 81.3%
Indiamart Intermesh Ltd – 77.6%
*Primary market activities*
IPOs opening today
Stanbik Agro Ltd (BSE SME) – Issue size 12.28Cr
Exim Routes Ltd (NSE SME) - Issue size 43.73Cr
ICICI Prudentail AMC Ltd (Main board) – Issue size 10602.65Cr
Container Movers Ltd (NSE SME) - Issue size 71Cr
Listing today
Flywings Simulator Training Centre Ltd (NSE SME) – Subscribed 1.67x
Encompass Design India Ltd (NSE SME) – Subscribed 2.19x
Methodhub Software Ltd (BSE SME) – Subscribed 28.91x
*Commodities updates*
Gold – Rs 132422/10gm, Silver – Rs 198799/kg, Brcrude – Rs 5176/barrel, Copper – Rs 1111.40/kg.
*Rupee hits fresh low on outflows and US trade deal delay; bond yields ease*
The rupee hit a fresh closing low of 90.37 per dollar on Thursday, pressured by foreign outflows from both bonds and equities. Uncertainty around the trade deal with the US also weighed on sentiment. The Indian unit slipped to a fresh intraday low of 90.49 before recovering some losses after the Reserve Bank of India intervened in the foreign exchange market through dollar sales, dealers said. The previous all-time closing low was on December 3 when it hit 90.20. The rupee, which depreciated 0.45 per cent on Thursday, is the worst-performing Asian currency this year, slipping 5.26 per cent against the dollar. “There were some outflows, and stop losses were triggered,” said a dealer at a state-owned bank. “In the middle of the day, there was some comment from a government official that a trade deal would happen by the end of March, which put downward pressure. The market was expecting the trade deal to be finalised by December,” he added. Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said India and the US have ironed out “most of their pending differences” on trade, and that a formal agreement could be in place by March 2026.
*Global market action*
Dow Jones – Up by 0.23% or 109.71 points
FTSE – Up by 0.49% or 47.63 points
CAC – Up by 0.78% or 63.07 points
DAX – Up by 0.68% or 164.47 points
Gift Nifty – Up by 0.42% or 109.50 points
*FII/DII activities*
FII – Sold 2020.94Cr worth of shares
DII – Bought 3796.07Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Rainbow Children Medicare Ltd – 93%
Garware Technical Fibres Ltd – 91.1%
Cohance Lifesciences Ltd – 82.7%
Bajaj Housing Finance Ltd – 81.3%
Indiamart Intermesh Ltd – 77.6%
*Primary market activities*
IPOs opening today
Stanbik Agro Ltd (BSE SME) – Issue size 12.28Cr
Exim Routes Ltd (NSE SME) - Issue size 43.73Cr
ICICI Prudentail AMC Ltd (Main board) – Issue size 10602.65Cr
Container Movers Ltd (NSE SME) - Issue size 71Cr
Listing today
Flywings Simulator Training Centre Ltd (NSE SME) – Subscribed 1.67x
Encompass Design India Ltd (NSE SME) – Subscribed 2.19x
Methodhub Software Ltd (BSE SME) – Subscribed 28.91x
*Commodities updates*
Gold – Rs 132422/10gm, Silver – Rs 198799/kg, Brcrude – Rs 5176/barrel, Copper – Rs 1111.40/kg.
Morning Alert..
*Cabinet clears nuclear energy Bill to open sector to private participation*
The Union Cabinet chaired by Prime Minister Narendra Modi on Friday approved the nuclear energy Bill that seeks to introduce legislative amendments for opening up the civil nuclear power sector for private participation, according to sources. The Bill is likely to pave the way for amending two existing legislations — the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage (CLND) Act 2010 — tweaking the clauses that are believed to be deterring private companies, including foreign technology and equipment suppliers, from participating in the sector. This is part of the government’s efforts for reaching 100 Gigawatt (Gw) nuclear power capacity by 2047. The legislative amendments will also facilitate the implementation of the Nuclear Energy Mission announced by Finance Minister Nirmala Sitharaman in her Budget speech in February. The Sustainable Harnessing and Advancement of Nuclear Energy (SHANTI) Bill was listed as part of the legislative agenda of the ongoing Parliament session. Union Minister Jitendra Singh had said in Parliament last week that the Bill is at an advanced stage of drafting, and that final comments from ministries are being incorporated.
*Global market action*
Dow Jones – Up by 0.33% or 160.85 points
FTSE – Down by 0.56% or 54.13 points
CAC – Down by 0.21% or 17.14 points
DAX – Down by 0.45% or 108.12 points
Gift Nifty – Down by 0.29% or 76.50 points
*FII/DII activities*
FII – Sold 1114.22Cr worth of shares
DII – Bought 3868.94Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Kajaria Ceramics Ltd – 88.4%
JK Lakshmi Cement Ltd – 85.4%
Sundaram Fasteners Ltd – 85.3%
Vijaya Diagnostics Centre Ltd – 82.1%
Metropolis Healthcare Ltd – 81.6%
*Primary market activities*
IPO opening today
Neptune Logitek Ltd (BSE SME) – Issue size 46.62Cr
Listing today
Riddhi Display Equipments Ltd (BSE SME) – Subscribed 4.91x
Corona Remedies Ltd (Main board) – Subscribed 144.54x
Wakefit Innovations Ltd (Main board) – Subscribed 2.52x
Prodocs Solutions Ltd (BSE SME) – Subscribed 2.66x
*Commodities updates*
Gold – Rs 133551/10gm, Silver – Rs 192318/kg, Brcrude – Rs 5231/barrel, Copper – Rs 1095.80/kg.
*Cabinet clears nuclear energy Bill to open sector to private participation*
The Union Cabinet chaired by Prime Minister Narendra Modi on Friday approved the nuclear energy Bill that seeks to introduce legislative amendments for opening up the civil nuclear power sector for private participation, according to sources. The Bill is likely to pave the way for amending two existing legislations — the Atomic Energy Act 1962, and the Civil Liability for Nuclear Damage (CLND) Act 2010 — tweaking the clauses that are believed to be deterring private companies, including foreign technology and equipment suppliers, from participating in the sector. This is part of the government’s efforts for reaching 100 Gigawatt (Gw) nuclear power capacity by 2047. The legislative amendments will also facilitate the implementation of the Nuclear Energy Mission announced by Finance Minister Nirmala Sitharaman in her Budget speech in February. The Sustainable Harnessing and Advancement of Nuclear Energy (SHANTI) Bill was listed as part of the legislative agenda of the ongoing Parliament session. Union Minister Jitendra Singh had said in Parliament last week that the Bill is at an advanced stage of drafting, and that final comments from ministries are being incorporated.
*Global market action*
Dow Jones – Up by 0.33% or 160.85 points
FTSE – Down by 0.56% or 54.13 points
CAC – Down by 0.21% or 17.14 points
DAX – Down by 0.45% or 108.12 points
Gift Nifty – Down by 0.29% or 76.50 points
*FII/DII activities*
FII – Sold 1114.22Cr worth of shares
DII – Bought 3868.94Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Kajaria Ceramics Ltd – 88.4%
JK Lakshmi Cement Ltd – 85.4%
Sundaram Fasteners Ltd – 85.3%
Vijaya Diagnostics Centre Ltd – 82.1%
Metropolis Healthcare Ltd – 81.6%
*Primary market activities*
IPO opening today
Neptune Logitek Ltd (BSE SME) – Issue size 46.62Cr
Listing today
Riddhi Display Equipments Ltd (BSE SME) – Subscribed 4.91x
Corona Remedies Ltd (Main board) – Subscribed 144.54x
Wakefit Innovations Ltd (Main board) – Subscribed 2.52x
Prodocs Solutions Ltd (BSE SME) – Subscribed 2.66x
*Commodities updates*
Gold – Rs 133551/10gm, Silver – Rs 192318/kg, Brcrude – Rs 5231/barrel, Copper – Rs 1095.80/kg.
Morning Alert..
*Rupee hits record low for third straight session on US-India deal jitters*
The rupee hit a new low for a third consecutive trading session on Monday, touching an intraday low of 90.80 per dollar, as uncertainty surrounding the India-US trade deal continued to weigh on the domestic currency, dealers said. The Indian currency pared some losses towards the end of the session after the country’s trade deficit narrowed to a five-month low of $24.53 billion in November, with exports rising to a three-and-a-half-year high. The rupee settled at 90.73 per dollar — a fresh closing low — compared with 90.42 per dollar on Friday. It is the worst-performing currency in Asia in 2025 so far, down 5.64 per cent against the dollar. In December alone, the domestic currency has depreciated 1.41 per cent. Despite the positive trade data, the rupee is likely to remain under pressure amid prevailing risk-averse sentiment, strong dollar demand from importers and persistent foreign outflows, which have dented investor confidence, dealers said. “Positive trade data is just a fleeting comfort,” said a dealer with a private bank. “It (rupee) will continue to see a gradual depreciation in the absence of a US-India trade deal. Also, the RBI (Reserve Bank of India) is missing from the market.”
*Global market action*
Dow Jones – Up by 0.02% or 10.03 points
FTSE – Up by 1.05% or 102.28 points
CAC – Up by 0.69% or 56.26 points
DAX – Up by 0.18% or 43.42 points
Gift Nifty – Down by 0.24% or 62.50 points
*FII/DII activities*
FII – Sold 1468.32Cr worth of shares
DII – Bought 1792.25Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Bharti Hexacom Ltd – 90.1%
UTI AMC Ltd – 88.2%
Concord Biotech Ltd – 88.1%
Shree Cement Ltd – 85.5%
Lodha Developers Ltd – 85.2%
*Primary market activities*
IPO opening today
KSH International Ltd (Main board) – Issue size 710Cr
*Commodities updates*
Gold – Rs 134170/10gm, Silver – Rs 197656/kg, Brcrude – Rs 5141/barrel, Copper – Rs 1108.90/kg.
*Rupee hits record low for third straight session on US-India deal jitters*
The rupee hit a new low for a third consecutive trading session on Monday, touching an intraday low of 90.80 per dollar, as uncertainty surrounding the India-US trade deal continued to weigh on the domestic currency, dealers said. The Indian currency pared some losses towards the end of the session after the country’s trade deficit narrowed to a five-month low of $24.53 billion in November, with exports rising to a three-and-a-half-year high. The rupee settled at 90.73 per dollar — a fresh closing low — compared with 90.42 per dollar on Friday. It is the worst-performing currency in Asia in 2025 so far, down 5.64 per cent against the dollar. In December alone, the domestic currency has depreciated 1.41 per cent. Despite the positive trade data, the rupee is likely to remain under pressure amid prevailing risk-averse sentiment, strong dollar demand from importers and persistent foreign outflows, which have dented investor confidence, dealers said. “Positive trade data is just a fleeting comfort,” said a dealer with a private bank. “It (rupee) will continue to see a gradual depreciation in the absence of a US-India trade deal. Also, the RBI (Reserve Bank of India) is missing from the market.”
*Global market action*
Dow Jones – Up by 0.02% or 10.03 points
FTSE – Up by 1.05% or 102.28 points
CAC – Up by 0.69% or 56.26 points
DAX – Up by 0.18% or 43.42 points
Gift Nifty – Down by 0.24% or 62.50 points
*FII/DII activities*
FII – Sold 1468.32Cr worth of shares
DII – Bought 1792.25Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Bharti Hexacom Ltd – 90.1%
UTI AMC Ltd – 88.2%
Concord Biotech Ltd – 88.1%
Shree Cement Ltd – 85.5%
Lodha Developers Ltd – 85.2%
*Primary market activities*
IPO opening today
KSH International Ltd (Main board) – Issue size 710Cr
*Commodities updates*
Gold – Rs 134170/10gm, Silver – Rs 197656/kg, Brcrude – Rs 5141/barrel, Copper – Rs 1108.90/kg.
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Morning Alert..
*Rupee slips past 91 against dollar amid FPI outflows, riskoff trade*
The rupee breached the 91-per-dollar mark to hit a fresh low of 91.09 on Tuesday, pressured by persistent foreign outflow, riskoff trade in global markets, and delay in India-US trade agreement, dealers said.It strengthened marginally towards the end of the session to settle at 91.03 per dollar, compared with its previous close of 90.73. The local currency slid from 90 to 91 per dollar in just nine trading sessions. It has slipped 1.26 per cent against the greenback in the past five sessions alone. So far in 2025, the unit is the worst-performing Asian currency, with a depreciation of 5.95 per cent. In a written reply in Parliament on Tuesday, Minister of State for Finance Pankaj Chaudhary attributed the sliding value of the local currency to widening trade deficit and the ongoing developments related to the India-US trade agreement. He said the rupee is market-determined, with no target, level, or band prescribed for the exchange rate. “The RBI continuously monitors developments in the foreign exchange market and intervenes only to address episodes of excessive volatility,” Chaudhary said. Foreign portfolio investors (FPIs) have withdrawn more than $2 billion in the first two weeks of December alone, putting the month among the largest episodes of net outflows seen this year.
*Global market action*
Dow Jones – Up by 0.14% or 67.47 points
FTSE – Down by 0.69% or 66.52 points
CAC – Down by 0.23% or 18.72 points
DAX – Down by 0.64% or 153.04 points
Gift Nifty – Up by 0.06% or 15.00 points
*FII/DII activities*
FII – Sold 2381.92Cr worth of shares
DII – Bought 1077.48Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Shyam Metaliks and Energy Ltd – 89.1%
Lloyd Metals & Energy Ltd – 89%
Nippon Life India Asset Management Ltd – 84.6%
TVS Holdings Ltd – 80.9%
The Ramco Cements Ltd – 79.6%
*Primary market activities*
IPOs opening today
MARC Technocrats Ltd (NSE SME) – Issue size 42.59Cr
Global Ocean Logistics India Ltd (BSE SME) – Issue size 30.41Cr
Listing today
Shipwaves Online Ltd (BSE SME) – Subscribed 1.64x
Park Medi World Ltd (Main board) – Subscribed 8.52x
Nephrocare Health Services Ltd (Main board) – Subscribed 14.08x
Unisem Agritech Ltd (BSE SME) – Subscribed 2.03x
*Commodities updates*
Gold – Rs 134385/10gm, Silver – Rs 197549/kg, Brcrude – Rs 5046/barre, Copper – Rs 1105.55/kg.
*Rupee slips past 91 against dollar amid FPI outflows, riskoff trade*
The rupee breached the 91-per-dollar mark to hit a fresh low of 91.09 on Tuesday, pressured by persistent foreign outflow, riskoff trade in global markets, and delay in India-US trade agreement, dealers said.It strengthened marginally towards the end of the session to settle at 91.03 per dollar, compared with its previous close of 90.73. The local currency slid from 90 to 91 per dollar in just nine trading sessions. It has slipped 1.26 per cent against the greenback in the past five sessions alone. So far in 2025, the unit is the worst-performing Asian currency, with a depreciation of 5.95 per cent. In a written reply in Parliament on Tuesday, Minister of State for Finance Pankaj Chaudhary attributed the sliding value of the local currency to widening trade deficit and the ongoing developments related to the India-US trade agreement. He said the rupee is market-determined, with no target, level, or band prescribed for the exchange rate. “The RBI continuously monitors developments in the foreign exchange market and intervenes only to address episodes of excessive volatility,” Chaudhary said. Foreign portfolio investors (FPIs) have withdrawn more than $2 billion in the first two weeks of December alone, putting the month among the largest episodes of net outflows seen this year.
*Global market action*
Dow Jones – Up by 0.14% or 67.47 points
FTSE – Down by 0.69% or 66.52 points
CAC – Down by 0.23% or 18.72 points
DAX – Down by 0.64% or 153.04 points
Gift Nifty – Up by 0.06% or 15.00 points
*FII/DII activities*
FII – Sold 2381.92Cr worth of shares
DII – Bought 1077.48Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Shyam Metaliks and Energy Ltd – 89.1%
Lloyd Metals & Energy Ltd – 89%
Nippon Life India Asset Management Ltd – 84.6%
TVS Holdings Ltd – 80.9%
The Ramco Cements Ltd – 79.6%
*Primary market activities*
IPOs opening today
MARC Technocrats Ltd (NSE SME) – Issue size 42.59Cr
Global Ocean Logistics India Ltd (BSE SME) – Issue size 30.41Cr
Listing today
Shipwaves Online Ltd (BSE SME) – Subscribed 1.64x
Park Medi World Ltd (Main board) – Subscribed 8.52x
Nephrocare Health Services Ltd (Main board) – Subscribed 14.08x
Unisem Agritech Ltd (BSE SME) – Subscribed 2.03x
*Commodities updates*
Gold – Rs 134385/10gm, Silver – Rs 197549/kg, Brcrude – Rs 5046/barre, Copper – Rs 1105.55/kg.
Morning Alert..
*RBI Guv Malhotra signals rates to stay low for 'long period': Report*
India's central bank governor Sanjay Malhotra expects the country's interest rates to remain low for a "long period", he told the Financial Times in an interview published on Wednesday. The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time", Malhotra told the newspaper. Malhotra said the RBI's economic forecast had not taken into account the potential effect of trade agreements currently under negotiation, which if sealed would raise India's economic growth. "The impact of the US trade deal could be as much as about half a percentage point," he told the FT. Malhotra told the FT that the most recent headline GDP figure "was surprising" and that the RBI, which had predicted 7 per cent annual growth in the July-September quarter had to "improve our forecasting". The South Asian economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, but growth is expected to slow as the full impact of up to 50 per cent tariffs imposed by the US hit exports and sectors from textiles to chemicals.
*Global market action*
Dow Jones – Up by 0.13% or 63.50 points
FTSE – Up by 0.92% or 89.53 points
CAC – Down by 0.25% or 20.11 points
DAX – Down by 0.49% or 116.28 points
Gift Nifty – Down by 0.06% or 14.50 points
*FII/DII activities*
FII – Bought 1171.71Cr worth of shares
DII – Bought 768.94Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Sumitomo Chemical India Ltd – 90%
Kama Holdings Ltd – 89.6%
Nippion Life India Asset Management Ltd – 86.2%
UTI AMC Ltd – 84.6%
Aditya Birla Sun Life AMC Ltd – 84.1%
*Primary market activities*
IPO opening today
Phytochem Remedies India Ltd (BSE SME) – Issue size 38.22Cr
Listing today
HRS Aluglaze Ltd (BSE SME) – Subscribed 44.83x
Pajson Agro India Ltd (BSE SME) – Subscribed 6.50x
*Commodities updates*
Gold – Rs 134831/10gm, Silver – Rs 207135/kg, Brcrude – Rs 5077/barrel, Copper – Rs 1113.40/kg.
*RBI Guv Malhotra signals rates to stay low for 'long period': Report*
India's central bank governor Sanjay Malhotra expects the country's interest rates to remain low for a "long period", he told the Financial Times in an interview published on Wednesday. The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time", Malhotra told the newspaper. Malhotra said the RBI's economic forecast had not taken into account the potential effect of trade agreements currently under negotiation, which if sealed would raise India's economic growth. "The impact of the US trade deal could be as much as about half a percentage point," he told the FT. Malhotra told the FT that the most recent headline GDP figure "was surprising" and that the RBI, which had predicted 7 per cent annual growth in the July-September quarter had to "improve our forecasting". The South Asian economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, but growth is expected to slow as the full impact of up to 50 per cent tariffs imposed by the US hit exports and sectors from textiles to chemicals.
*Global market action*
Dow Jones – Up by 0.13% or 63.50 points
FTSE – Up by 0.92% or 89.53 points
CAC – Down by 0.25% or 20.11 points
DAX – Down by 0.49% or 116.28 points
Gift Nifty – Down by 0.06% or 14.50 points
*FII/DII activities*
FII – Bought 1171.71Cr worth of shares
DII – Bought 768.94Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Sumitomo Chemical India Ltd – 90%
Kama Holdings Ltd – 89.6%
Nippion Life India Asset Management Ltd – 86.2%
UTI AMC Ltd – 84.6%
Aditya Birla Sun Life AMC Ltd – 84.1%
*Primary market activities*
IPO opening today
Phytochem Remedies India Ltd (BSE SME) – Issue size 38.22Cr
Listing today
HRS Aluglaze Ltd (BSE SME) – Subscribed 44.83x
Pajson Agro India Ltd (BSE SME) – Subscribed 6.50x
*Commodities updates*
Gold – Rs 134831/10gm, Silver – Rs 207135/kg, Brcrude – Rs 5077/barrel, Copper – Rs 1113.40/kg.
Special Situation Stock ( High Conviction )
Atlanta Electrical CMP 944
Test Resistance 965 / 975 / 995 Sl 895
Coming Days View Strong View
Atlanta Electrical CMP 944
Test Resistance 965 / 975 / 995 Sl 895
Coming Days View Strong View
Special Situation Stock ( Very High Conviction)
Superb Results
Aartech Solonic CMP 50 / 52
Test Resistance 62 / 68 / 75 Sl 37
Coming Days View Strong View
Superb Results
Aartech Solonic CMP 50 / 52
Test Resistance 62 / 68 / 75 Sl 37
Coming Days View Strong View
Equity99
Special Situation Stock ( Very High Conviction) Superb Results Aartech Solonic CMP 50 / 52 Test Resistance 62 / 68 / 75 Sl 37 Coming Days View Strong View
Defence average market reverse back soon
Special Situation Stock
Tomm Listing @ nse today tarded In Bse .
Rudra global Infra CMP 24 / 25
Test Resistance 30 / 35 SL 19
Coming Days View Strong
Tomm Listing @ nse today tarded In Bse .
Rudra global Infra CMP 24 / 25
Test Resistance 30 / 35 SL 19
Coming Days View Strong
Equity99
Special Situation Stock Tomm Listing @ nse today tarded In Bse . Rudra global Infra CMP 24 / 25 Test Resistance 30 / 35 SL 19 Coming Days View Strong
Hit high 25.80 near to hit 26 upper circuit
Cheapest Stock In TMT Segment ( Very High Conviction )
Vms TMT CMP 53 / 56
Test Resistance 65 / 75 / 85 Sl 35
Coming Days View Strong Potential View⚡️⚡️⚡️⚡️⚡️
Vms TMT CMP 53 / 56
Test Resistance 65 / 75 / 85 Sl 35
Coming Days View Strong Potential View⚡️⚡️⚡️⚡️⚡️