Morning Alert..
*India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis*
Outpacing expectations by most forecasters, India’s economy grew at a robust 7.8 per cent in the June quarter of FY27, compared with 8.6 per cent in the preceding March quarter of FY26, despite geopolitical headwinds arising from the West Asia crisis, according to data released by the National Statistical Office on Monday. Powered by strong manufacturing and services sector growth, India remained one of the fastest growing major economies, with China expanding 4.3 per cent and Indonesia growing 5.3 per cent in the June quarter. India’s economy had grown 6.9 per cent in the June quarter of last financial year. The gross value added (GVA) growth print at 8.2 per cent for Q1 was higher than real gross domestic product (GDP) growth, signalling subsidies outstripped indirect taxes during the quarter. Nominal GDP grew at 10.3 per cent in the June quarter against 9.1 per cent in the preceding March quarter of FY26, indicating towards built up in inflationary pressure. Forecasts by agencies for June quarter GDP growth had ranged between 6.9 per cent by India Ratings & Research (Ind-Ra) and 8 per cent by the State Bank of India (SBI). The Reserve Bank of India had estimated growth at 7 per cent for the same quarter.
*Global market action*
Dow Jones – Up by 0.17% or 88.65 points
FTSE – Flat
CAC – Down by 0.80% or 66.68 points
DAX – Down by 1.19% or 311.88 points
Gift Nifty – Down by 0.12% or 28.00 points
*FII/DII activities*
FII – Sold 7985.88Cr worth of shares
DII – Bought 4588.88Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.4x
Nifty Bank – 13.7x
*Stocks with high delivery percentage*
Supreme Industries Ltd – 87.5%
Reliance Industries Ltd – 87%
Eternal Ltd – 86.8%
Nippon Life India Asset Management Ltd – 86.7%
Info Edge India Ltd – 86.4%
*Primary market activities*
IPOs opening today
Farm Peace Ltd (BSE SME) – Issue size 32Cr
Rays of Belief Ltd (Main board) - Issue size 125Cr
Deepa Jewellers Ltd (Main board) - Issue size 459.72Cr
Fly-Hi Maritime Travels Ltd (BSE SME) – Issue size 52.63Cr
Listing today
Skyways Air Services Ltd (Main board) – Subscribed 71.25x
ABH Healthcare Ltd (NSE SME) – Subscribed 1.44x
Hy-Tech Engineers Ltd (Main board) – Subscribed 247.39x
Madhur Knit Crafts Ltd (NSE SME) – Subscribed 1.41x
Symbiotec Pharmalab Ltd (Main board) – Subscribed 75.08x
*Commodities updates*
Gold – Rs 154475/10gm, Silver – Rs 233975/kg, Brcrude – Rs 8145/barrel, Copper – Rs 1389.75/kg.
