🏦 Economy / Policy
• India’s manufacturing GVA grew 7.72% in Q1 and 9.13% in Q2 FY26, reflecting strong industrial momentum; PLI schemes have attracted ₹2 lakh crore+ investments and created 12.6 lakh jobs 💹
• Petrol and diesel prices may rise by ₹25/litre if elevated crude prices persist, posing upside risks to inflation and consumption 📈
• Gold worth $700 billion lying idle in Indian households could support capital formation if monetised, said Nilesh Shah 💰
• India–US trade deal is “almost done”, with discussions on tariff cuts and investment commitments, including lowering US tariffs to ~18% 🏦
🏢 Companies / Sectors
• India’s textile exports rose 2.1% to ₹3.16 trillion in FY26, showing resilience despite tariff pressures 📊
• HCLTech stock fell ~11% after cutting FY27 revenue growth guidance to 1–4% CC, weighing on IT sector sentiment 📉
• IT sector outlook remains cautious after weak guidance from TCS and HCLTech, with Infosys results seen as key for demand visibility 💻📊
🌍 Global / World
• Strait of Hormuz remains largely closed amid continued geopolitical tensions, with potential for prolonged supply disruptions 🌍⚠️
• Global markets remain focused on energy security, crude prices and trade diplomacy as geopolitical risks persist 💹