India’s 6.4% Growth Forecast, NTPC’s Nuclear Ambitions & Quality Power IPO – Key Market Highlights!
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🗞️ India to Grow at 6.4% in FY25 & FY26: S&P Global
S&P Global projects India’s GDP growth at 6.4% for the next two fiscal years, driven by strong domestic demand and policy reforms.
Expert Opinion: “This steady growth signals resilience in India's economy.” – Neha Shah, Macro Economist
🗞️ NTPC Expands in Nuclear Power, Outpacing Competitors
NTPC is making a strategic push into nuclear energy, positioning itself ahead in India's clean energy transition.
Expert Opinion: “This could position NTPC as a dominant nuclear energy player.” – Arvind Mehta, Energy Sector Analyst
🗞️ India Eyes More Farm & Textile Exports in US Trade Deal
India is advocating for increased agricultural and textile exports in upcoming trade negotiations with the US, aiming to boost foreign earnings.
Expert Opinion: “This move could enhance India's export competitiveness globally.” – Rajeev Kumar, Trade Analyst
🗞️ Quality Power IPO Lists Today Amid Strong Market Buzz
The Quality Power Electrical IPO debuted today, with its Grey Market Premium (GMP) indicating robust investor interest.
Expert Opinion: “This listing could see a solid opening based on pre-market trends.” – Kunal Sharma, IPO Analyst
🗞️ Retail Inflation Eases Slightly for Farm & Rural Workers
Inflation rates for farm workers decreased to 4.61% and 4.73% for rural laborers, providing some relief to rural households.
Expert Opinion: “While easing inflation is positive, rural wages need to keep pace.” – Meera Joshi, Rural Economy Specialist
🗞️ Rupee Holds Steady Amid Market Pressures
The Indian Rupee remained stable, closing at 86.6950 against the US Dollar, despite domestic and global market challenges.
Expert Opinion: “Stability in the rupee reflects balanced forex market dynamics.” – Rohan Desai, Forex Strategist
🗞️ Manufacturing Slump Prompted February Rate Cut: RBI Official
RBI Rate Panel Member Nagesh Kumar indicated that the recent policy rate cut was due to concerns over declining industrial production.
Expert Opinion: “This move underscores the need to rejuvenate industrial growth.” – Alok Bhatia, Economic Policy Analyst
🗞️ Deposit Insurance Hike Under Government Review
The government is assessing a potential increase in bank deposit insurance, aiming to offer greater protection to depositors.
Expert Opinion: “Enhancing deposit insurance could bolster public confidence in the banking system.” – Vikash Malhotra, Banking Expert
📊 Market Updates
Sensex: Fell 856.65 points (1.14%), closing at 74,454.41.
Nifty 50: Dropped 242.55 points (1.06%), ending at 22,553.35.
Rupee: Held steady at ₹86.6950/$.
Gold: Priced at ₹88,700 per 10g.
Silver: At ₹105,000 per kg.
Brent Crude: Trading at $78.20 per barrel.