Since the economic reforms of 1991, southern states like Karnataka, Tamil Nadu, and the newly formed Telangana have been pulling ahead. Together, they contribute about 30% of India's total GDP. That’s a big leap, especially considering these states weren’t always economic powerhouses. Telangana, for example, stands out with a per capita income nearly double the national average.

Western states like Maharashtra and Gujarat have been at the forefront for a long time. Maharashtra still holds the largest share of India’s GDP at around 13%, while Gujarat has been catching up fast, now accounting for 8.1% of the GDP. Gujarat is also one of the top states in terms of per capita income.

News

➣ India’s defence production rose to an all-time high of Rs 1.27 lakh crore by value in 2023-24. India is now exporting defence products to more than 90 countries: Defence Minister.

➣ Digital loans in India rose 27% year-on-year in value to Rs 37,676 cr in April-June (Q1 2024). The average loan value also increased by 16% to Rs 12,997: Fintech Association for Consumer Empowerment (FACE).

➣ Ministry of Power has finalized the National Electricity Plan to meet the future demand of 458 GW by 2032. Under the plan, transmission lines will be expanded from 4.85 lakh km to 6.48 lakh km with an investment of Rs 9.15 lakh crore.

➣ KRN Heat IPO has been subscribed 24.09 times. Retail subscription: 23.96 times. Open till 27 Sept.

➣ Manba Finance IPO was subscribed 224.10 times. Retail subscription: 144.03 times. Closed for subscription.

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#Nifty 26111 On Your Screen ❤️

Breakout 25235
Retest panic till 24755
Now 26111 ++

#RSP #NiftyView

NiftyView
https://x.com/Stockstudy8/status/1837038942018797593?t=nIkHtKlre7JUzxtkl0VBJg&s=19

2000 point one side rally

5 aug
Nifty -666 closed ..panic everywhere for crash coming

26Sep
Lifehigh 🤑
Time 🤘❤️

https://x.com/Stockstudy8/status/1820370058343788828?t=6SjKLF98PqbVyjuTwinaLg&s=19

New India ♥️🚀
New LifeHigh 26200++

16828 low >>> 26200++
#nifty50
Almost 10000 Point rally

Check Simple one line chart
https://x.com/Stockstudy8/status/1839233584328225038?t=zFzbrp2I9UCglw9IoYR6Kw&s=19

India’s car market is still quite underdeveloped. As of FY24, there are only 26 cars for every 1,000 people in India. Compare that to 594 per 1,000 in the US or 183 per 1,000 in China, and you see the huge growth potential. As incomes rise, there’s plenty of room for Hyundai to grow.

"The great Indian promoter sell-off"

Promoters of Indian companies—the founders and key insiders—have been offloading their stakes in a big way.
In 2024 alone, they’ve sold shares worth ₹1 lakh crore, the highest in the past five years. And if we look back a bit further, since April 2022, that figure jumps to ₹4.42 lakh crore!

Only Info ❤️

https://x.com/Stockstudy8/status/1839608103962054705

View on Hangseng #china

2000 point one side rally

5 aug
Nifty -666 closed ..panic everywhere for crash coming

26Sep
Lifehigh 🤑
Time 🤘❤️

https://x.com/Stockstudy8/status/1820370058343788828?t=6SjKLF98PqbVyjuTwinaLg&s=19

Weekend Learning

High ROE Comapnies Generate higher value for their Shareholders
data : 2006 to 2024

Image 👇
https://x.com/Stockstudy8/status/1837089450884579494?t=66Tgh1lRgemcuCmtpeOdcg&s=19

"Things money can't buy:

1. Manners.

2. Morals.

3. Respect.

4. Character.

5. Common sense.

6. Trust.

7. Class.

8. Love.

9. Integrity."

Good morning

https://x.com/Stockstudy8/status/1839608103962054705

View on Hangseng #china

#Potential_BigMover 🔴
🎯WEEKEND Homework ✅

List Of Stocks: Weekly #MACD crossed 0
& Stocks trading abv 200 sma D/W

look for Price Breakout for another confirmation of upside..

Link:
https://x.com/Stockstudy8/status/1840085994055352818?t=G7kqkvr_BmGs-VBl2T_qSg&s=19

📉China's Recent Rate Cuts & Stimulus Announcement - A major boost for Domestic Metal Players

🔸 China plans to lower home loan rates by 0.5% and reduce down payments for second homes to 15%, along with a stimulus package for real estate demand revival.

🔸 These moves are expected to boost domestic steel demand in China and curb exports, which have risen 70% from 2020 to 2023.

🔸 Relief for domestic metal players is likely, as Chinese exports have driven steel prices to a three-year low of ₹47,000 per tonne.

Only Info ✅

Food Delivery:
In Q1 FY25, Swiggy’s food delivery gross order value (GOV) hit ₹10,189 crore, growing 23%. But Zomato outpaced them, growing 53% to ₹15,455 crore. Zomato is leading here, with 18 million monthly active users compared to Swiggy’s 12 million


#Ipo #Swiggy

Word of the Day

Current Account Deficit

A current account deficit indicates that a country is importing more than it exports.

It happens when a country spends more money on buying goods and services from other countries than it earns from selling its own.

It’s similar to spending more money than you earn, so the country may need to borrow or use its reserves to cover the difference.

While it’s normal for countries to have some deficit at times, having a large or ongoing deficit can raise concerns.

It indicates that the country is relying too much on foreign funds.

However, a deficit isn’t necessarily bad—countries may use external debt to fund investments that can boost growth in the long run.

News

➣ The government has launched a new EV subsidy scheme, PM E-DRIVE, to increase EV adoption in India. The scheme has been allocated Rs 10,900 crore to give subsidies based on EVs' battery power and to increase EV charging stations.

➣ India’s manufacturing PMI fell to 56.5 in September (vs 57.5 in August). This means that the manufacturing sector rose slower in September compared to August.

➣ India’s GST collection rose 6.5% year-on-year in Sept to Rs 1.73 lakh crore.

➣ UPI transactions rose 31% year-on-year to Rs 20.64 lakh crore in Sept (vs 20.61 lakh crore in Aug). Average daily transactions rose to Rs 68,800 crore: NPCI.

➣ Air India has completed the merger of its low-cost airlines Air India Express and AIX Connect (formerly Air Asia) under the name 'Air India Express'.

➣ SEBI has imposed a penalty of Rs 12 lakh on NSE Data and Analytics for regulatory violations.

Word of the Day

Commercial Paper

Commercial paper is an unsecured, short-term debt instrument that companies use to borrow money.

The duration of commercial paper can be up to 270 days.

Instead of taking a loan from the bank, they sell these papers to investors, promising to repay with interest after a few days/months.

It was introduced in India in 1990 to allow highly rated corporates (by credit rating agencies) to have an alternate source of short-term borrowing.