GST collections in September rose 14.7% year-on-year (YoY) to Rs 2.04 lakh crore. Net GST revenue rose 18.1% to Rs 1.77 lakh crore, the government data showed.
Macro
GST Collections Rise 14.7% YoY to Rs 2.04 Lakh Crore In September
Stock Market Highlights: Sensex Ends 243 Points Lower, Nifty 50 At 22,716; Consumer Durables, Realty Shares Top DragOn BSE, Adani Ports, Tata Steel and Kotak Bank were among the top gainers, while Eternal, Bajaj Finance and HCLTech were top drags.
IIP Growth At 8% In August: Morgan Stanley Sees Industrial Activity Rebound, Private Capex To Pick UpWithin manufacturing, 18 of 23 industry groups recorded positive growth, led by electrical equipment, motor vehicles, trailers and other transport equipment, according to Morgan Stanley's assessment of the August IIP data.
Earnings Momentum Faster Than Stock Prices, Says ASK Private Wealth's Vinay JaisingJaising said he remains positive on the defence sector despite the pessimistic market environment. He is also positive on financials and defence counters.
- GST Council Meeting On October 7: No Rate Changes Expected, Process Reforms In Focus
The Council is expected to review how the GST rate changes have been implemented over the past year, rather than undertake another broad-based round of rate cuts.
'Reallocate, Not Abandon': FPIs Are Still Selective On India, Says Dheeraj Gaur Of Choice WealthThis divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.
Asian Markets Today: Nikkei Rises, ASX 200 Falls As Trump-Xi, Mideast Risks In FocusMeanwhile, oil prices remained elevated despite a modest pullback.Brent crude oil was down 0.93% at $106.04 a barrel at last check, keeping energy prices and their potential impact on inflation and global growth in focus.
Petrol, Diesel Prices On September 23: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And MorePetrol and diesel prices were unchanged across major cities on September 23. Check city-wise fuel rates as Brent crude traded at $99.20 and WTI crude at $90.23 a barrel.
ONGC Mahanadi Find Will Trim India's Gas Imports Significantly, At 50% NowIn an exclusive interview with NDTV Profit, ONGC Director (Exploration) OP Sinha said the company's first Samudra Manthan gas strike in the Mahanadi basin will significantly cut India's import dependence, currently at 50% of demand.
NSE's Shareholders Retain Significant Stake Even After Tendering Shares In OFSMajor institutional investors have sold only a small portion of their NSE holdings, retaining sizeable stakes after the OFS.
RBI Rate Hike Bets Rise After US Fed Move: Why October Policy Is Now A Close CallFor India, the transmission is already visible. The rupee is hovering around the 96-per-dollar mark, US 10-year Treasury yields have crossed 5%, and Brent crude remains above $100 a barrel.
India Targets Double EU Exports Within Three-To-Four Years Under FTAIndia plans wider engagement with EU nations and expects exporters to expand capacity and meet standards to maximise the benefits of the trade pact.