📰 MARKET NEWS

US Fed Holds Rates — Emerging Markets React

The US Federal Reserve maintained interest rates, sending positive signals to emerging market investors. India-focused funds saw inflows as risk appetite improved globally. RBI likely to maintain accommodative stance through next quarter.

Oil Prices Surge on OPEC+ Supply Cuts

Brent crude topped $90/barrel after OPEC+ extended production cuts. Indian oil marketing companies face margin pressure. Reliance Industries refinery margins could compress in near term.

Global IT Spending Outlook Upgraded by Gartner

Gartner raised global IT spending forecast by 8.4%. Indian IT companies stand to benefit from increased outsourcing and cloud migration projects across US and Europe.

China PMI Disappoints — Metals Under Pressure

Weaker Chinese PMI data weighed on base metals globally. Tata Steel and JSW Steel face short-term headwinds as iron ore demand signals soften.

US Dollar Strengthens — Rupee Under Pressure

The rupee weakened against the USD, benefiting IT exporters due to favorable currency translation but raising input costs for importers.

IMF Upgrades India Growth Forecast to 7.2%

The IMF raised India GDP growth forecast, citing strong domestic consumption and government infrastructure spending. Positive for banking credit growth.

RBI Keeps Repo Rate Unchanged at 6.5%

RBI MPC held the repo rate steady, maintaining focus on inflation control while supporting growth. NBFCs and housing finance companies benefit from stable rate outlook.

PLI Scheme Boosts Pharma Exports

Production-Linked Incentive scheme driving pharmaceutical capacity expansion. Sun Pharma and Dr. Reddy's among top beneficiaries. India pharma export target of $65B by 2027 on track.

Normal Monsoon Forecast This Year

IMD predicts normal monsoon, positive for rural consumption and FMCG demand. Kharif crop outlook improving. HUL, ITC rural segments expected to see volume recovery.

Government Capex Push — Infra Spend at Record High

Union government infra spending at highest-ever level. Road, railway, and urban metro projects accelerating. Cement, steel, and construction companies benefiting from order inflows.

Power Demand Hits Record Highs

India peak power demand hit all-time high as heatwave grips north India. NTPC and Power Grid among beneficiaries of sustained high utilisation rates.

Auto Sales: SUV Segment Outpaces Industry

India auto industry data shows SUV and premium segment leading growth while entry-level stagnates. Maruti and Hyundai gaining share. Two-wheeler recovery visible in rural markets.