New ₹30,000 Crore IPO Rush
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🗞️ India’s economy likely grew 7.3 percent in Q2
India’s GDP likely expanded 7.3% in Q2, supported by resilient consumption and services sector momentum.
💬 Expert Take — “A 7% plus GDP print continues to set India apart as the world’s fastest-growing major economy.”
🗞️ Meesho, Milky Mist headline ₹30,000 crore IPO wave
Meesho, Milky Mist and Skyways are part of a ₹30,000 crore year-end IPO lineup, as companies accelerate listing plans before 2025 closes.
💬 Expert Take — “A strong pipeline despite market volatility indicates sustained investor appetite for scalable consumer and logistics companies.”
🗞️ Tax collections may fall short of FY target
India’s tax collections may miss FY26 estimates, with softer GST and direct tax inflows weighing on the fiscal outlook.
🗞️ Markets slip for second day; ₹7 lakh crore wealth erased
Equity markets declined for the second consecutive session, wiping out more than ₹7 lakh crore in investor wealth over two days.
🗞️ S&P forecasts India to grow 6.5 percent in FY26
S&P Global projects India’s GDP will grow 6.5% in FY26 and 6.7% in FY27, driven by domestic demand and large-scale capex.
🗞️ New labour law lets women add in-laws as dependents
Female employees can now include parents-in-law as dependents under updated labour rules, expanding family benefit coverage.
🗞️ Gold prices ease across major metros
Gold rates softened across major Indian cities amid mixed global cues and moderate domestic buying.
🗞️ Rupee strengthens 49 paise against USD
The rupee appreciated by 49 paise to ₹89.17 against the US dollar, supported by strong FPI inflows and weaker crude prices.
📊 Market Update
📉 Sensex: 84,900.71 ▼ 331.21 pts (–0.39%)
📉 Nifty 50: 25,959.50 ▼ 108.65 pts (–0.42%)
💱 USD/INR: 89.17
🪙 Gold (per gram): 24K ₹12,513 ▼ ₹71 | 22K ₹11,470 ▼ ₹65