💹 Economy & Policy
- IMF raised India’s FY26 growth forecast to 6.6%, reaffirming its position as the world’s fastest-growing major economy.
- India accelerated trade negotiations with the U.S., focusing on technology, manufacturing, and market access.
- CPI inflation may average 2.2% in FY26, below the RBI’s 2.6% estimate, according to SBI Research.
- India’s e-commerce market projected to reach $345 billion by 2030, driven by rising digital adoption, says Rubix.
- Shipping firms plan ₹10 lakh crore investments, with MoUs to be signed at the upcoming Maritime Week 2025.
- Gems and jewellery exports rose 6.5% YoY to $2.9 billion in September, reflecting festive and export demand recovery.
📈 Equity Markets
- Nifty slipped 0.32%, closing just below 25,150 after expiry-day volatility and broad-based profit booking.
- All sectoral indices ended in the red, showing no clear outperformance as traders trimmed positions.
- Weak global cues and expiry-related unwinding kept intraday sentiment cautious.
🏦 Companies & Tech
- Google to invest $15 billion in a large-scale AI data centre in India, underscoring its long-term digital commitment.
- Tech Mahindra announced plans to build India’s first indigenous AI Large Language Model (LLM) for enterprise applications.
- Shipping sector stocks may see renewed investor interest ahead of large-scale maritime MoUs and infrastructure push.
🌏 Global & Commodities
- U.S. Fed Chair Jerome Powell signaled another rate cut, citing weak hiring trends and rising unemployment concerns.
- China’s September CPI fell more than expected, while its PPI marked three straight years of deflation, signaling deep industrial slowdown.