BILKUL BAZAAR— The Daily News Wrap
Bilkul Bazaar
1. World Bank Raises India’s Growth Forecast to 7.1%
The World Bank has raised its forecast for India’s economic growth in 2026-27 to 7.1%, citing resilient domestic demand and stronger-than-expected economic activity.
2. Sensex Gains 685 Points Ahead of RBI Policy Decision
Indian equity markets extended their recovery, with the Sensex rising 685 points and the Nifty closing at 22,776 as investors awaited the RBI’s monetary policy decision.
3. Rupee Falls to Over Two-Month Low
The rupee weakened to around ₹96.42 against the US dollar amid foreign portfolio outflows and expectations of an RBI rate hike.
4. Jio Platforms May Seek ₹11 Lakh Crore Valuation in IPO
Jio Platforms is reportedly considering a valuation of around ₹11 lakh crore for its planned IPO, potentially making it one of India’s biggest public offerings.
5. SRIT India Makes Strong Stock Market Debut
SRIT India shares listed at nearly a 14% premium over their IPO price after the issue received very strong investor demand.
6. Shah Investor’s Home Lists at Premium
Shah Investor’s Home made its stock-market debut at a 2.4% premium, following subscription of around 38 times during its IPO.
7. Dabur Expects Double-Digit Q2 Growth
Dabur India expects double-digit growth in consolidated revenue and profit for the second quarter, supported by strong performance across its consumer businesses.
8. Trent Shares Jump Over 12% on Strong Q2 Update
Trent emerged among the day’s biggest gainers after reporting strong quarterly revenue growth, with its shares rising more than 12%.
9. Government Approves ₹10,000 Crore SME Growth Fund
The Union Cabinet approved a ₹10,000-crore fund aimed at providing growth capital to small and medium enterprises for expansion, technology adoption and global market opportunities.
10. Manufacturing Sentiment Improves in India
A FICCI survey showed improved manufacturing sentiment during the second quarter, with capacity utilisation rising to 75% and most companies reporting stable or higher output.
International Business News Highlights
1. Global Stocks Rise as Oil Prices Fall
World stock markets climbed to two-week highs as easing oil prices and retreating bond yields improved investor sentiment ahead of the global earnings season.
2. US Stocks Hit Fresh Records
The S&P 500 and Nasdaq reached record levels, helped by optimism surrounding corporate earnings and continued investment in artificial intelligence.
3. Nvidia Nears $6 Trillion Valuation
Nvidia shares gained further ground, taking the company’s market value close to the $6 trillion mark as investor enthusiasm for AI-related growth continued.
4. Oil Prices Fall Nearly 2%
Brent crude slipped below $99 a barrel as Middle Eastern oil exports recovered and G7 countries prepared to release emergency fuel reserves.
5. UK Inflation Concerns Remain
Bank of England policymaker Catherine Mann warned that above-target inflation has become embedded in the British economy, adding to uncertainty over the country’s interest-rate outlook.
Quote of the Day
“Success usually comes to those who are too busy to be looking for it.”
— Henry David Thoreau
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