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  • The IPO listings off late have been good and that will also see some money coming to the seconday markets from the primary market.
  • Auto sales were good overall and indicates that the economy is in good shape.
  • Inflation is under control. The macro economic data on GDP, Core sector growth etc are good. The fiscal deficit is well under control. The GDP growth for the second quarter was a positive surprise.
  • India’s GDP grew by about 7.6% in July Sept quarter, higher than RBI MPC projection.
  • Eight key infra sectors growth up at 12.1% in October.
  • India’s fiscal deficit between April to Oct 23 around 45% of the target.
  • China’s Alipay will sell its entire stake in Zomato.
  • Curbs on 4 wheelers lifted as Delhi NCR air improves.
  • IOC got around 1.45 mmscmd of gas from Reliance auction. Torrent and Gujarat Gas secured around 2.21 mmscmd.
  • S&P pegs 7% GDP growth for India by 2026. It could be earlier in 2025 as the impact of PLI schemes starts kicking in.
  • Pharmexcil expets around 10.2% growth in Pharma exports at $28 billion in 23-24.
  • Walmart shifts from China to India for cheaper imports as it cut costs.
  • Capitalism based on free market is the only solution to alleviate poverty as per Narayan Murthy, the founder of Infosys. Only Capitalism can provide motivation to work hard, innovate.
  • Cabinet okays new finance panel, extend free ration.
  • Tata Advanced Systems has set up a facility to manufacture high resolution imagery satellites that will help the armed forces keep a closer eye on border areas, betting big on the military space sector.
  • Whirlpool plans to sell 24% ownership in India business to reduce debt.

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