💹 Economy & Policy
• Automobile exports rose 26% in Q2, driven by strong shipments of passenger vehicles and two-wheelers.
• India’s diesel exports to Europe in September hit their highest level since 2017, marking a festive season surge for refiners.
• Goldman Sachs expects a rate cut by year-end, citing easing inflation and GST reforms likely to boost credit demand.
• Exports grew in 24 countries during April–September, signaling diversification beyond traditional markets.
• India’s exports to the U.S. declined, while non-U.S. markets showed resilience, according to Crisil.
• Credit growth continued its steady climb to 11.4% in the October 3 fortnight, as per RBI data.
📈 Equity Markets
• GIFT Nifty trades 200 points higher near 25,965, indicating a bullish gap-up opening for Dalal Street.
• Sentiment remains upbeat with banks, autos, and consumption stocks likely to lead gains as Nifty eyes the 26,000 zone.
• Wall Street ended higher Friday — S&P 500 up 0.53% — supported by strong corporate earnings and easing U.S.–China tensions.
• Asian markets opened sharply positive today: Nikkei up 2.7%, Hang Seng up 2.4%, driven by optimism over earnings and potential Fed rate cuts.
🏦 Companies & Tech
• HDFC Bank’s Q2 profit beat estimates, supported by strong loan growth and improving asset quality.
• Analysts expect banking and auto sectors to remain market leaders in the near term amid solid domestic momentum.
🌏 Global & Commodities
• China’s Q3 GDP growth slowed to its lowest level in a year, prompting expectations of more policy stimulus.
• Trump vowed to retain “massive tariffs” on India until Russian oil imports stop, raising geopolitical trade risks.