Market Highlights

Goldman Sachs expects a 50 bps RBI rate cut by June 2025, starting in Q1, and lowers India’s FY25 growth forecast to 6.4%, citing a cyclical slowdown and strong dollar impact: ET report.

The Union government has revised the capital restructuring guidelines for CPSEs, incorporating provisions on share buybacks and dividends, to better align with market conditions and strengthen financial restructuring, according to Moneycontrol.

Retail Tomato Prices Drop 22.4% MoM to Rs 52.35/kg in November Amid Improved Supplies, While Wholesale Prices at Delhi’s Azadpur Mandi Fall Nearly 50%, Reports Consumer Affairs Ministry, BS.

The RBI and SEBI have introduced a framework that allows foreign portfolio investors (FPIs) who exceed the 10% investment limit to reclassify their holdings as foreign direct investments (FDIs), ET reports.

ET reports that the Indian government is considering raising the EPFO’s wage ceiling to 21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15.

​India’s economy could encounter short-term challenges if Trump secures a second presidency, including potential rupee weakening, imported inflation, and reduced exports to the U.S.; foreign portfolio investments (FPIs) may also slow due to protectionist policies, reports FE.

India’s GDP growth is projected to slow to 6.5% in the second quarter of FY25, down from 6.7% in the first quarter, due to a deceleration in high-frequency indicators, according to a report by SBI economists, reports ​F​E.

On Tuesday, the government imposed an anti-dumping duty on welded stainless-steel pipes and tubes imported from Vietnam and Thailand, following the recommendations of the Directorate General of Trade Remedies, according to ET reports.

The cigarette industry is targeting a revenue growth of 9% -10% this fiscal year, up from 10% the previous year, according to a CRISIL Ratings report.

According to ET, liquor sales in October surged due to festive occasions and gifting trends, with states such as West Bengal, Delhi, and Telangana reporting significant increases.