▫️GST collection in November was ₹1.3 lakh crore, second highest collection ever in a month.
▫️IT spending in India is expected to reach $101.8 billion in 2022, up 7% from 2021.
▫️ Government decided not to resume international flights, due to Omicron variant.
▫️Swiggy to raise $700 million this month, led by marque investor Invesco.
▫️ Delivery operators are shifting to EVs for last mile delivery and short distances to lower their fuel costs.
▫️ Merchandise trade deficit reached record high of $23.3 billion in November. Exports grew by 26.5% year on year in November, however was below the $30 billion mark. Whereas imports surged by 57.2%.
▫️Debt to GDP ratio of states was way above than the RBI target of 20% at 31%.
▫️Daily average E-way bill generation in November, was 12% below than that of October, reflecting normalisation after festive season.
▫️ Wholesale dispatches of vehicles fell for the 3rd straight month in November, and was in line with the expectations, due to semi conductor shortage.
▫️Jio filed complaint against Voda and Airtel that they are creating a porting barrier.
▫️Nykaa is set to triple its store count in the country.
▫️Tata Power received ₹945 crore solar project from SECI.
▫️China is witnessing latest outbreak of Covid19, even through there are no cases of Omicron variant in the country.
▫️ Commerical real estate and educational loans dropped in October, while Industrial loans grew during the same month.
▫️10 firms may come up with IPO in December to raise ₹10,000 crore.
▫️Tega Industries IPO was fully subscribed within 1 hour.
▫️Bharti Airtel is looking to acquire majority stake in Dish TV.
▫️ Hotel occupancies touched highest level since Covid19.
▫️ Domestic air passenger grew marginally in the week ended November 27.
▫️Indian markets rebounded sharply amid global recovery and strong GDP data.
▫️Sensex rallied 1.09% to 57,684. Nifty 50 jumped by 1.08% to 17,166.
▫️ Sectorwise metals, financial, banks, auto and energy climbed, while healthcare, consumer durables and teleocom declined.
▫️Market Breadth was positive. On NSE, 1094 stocks advanced and 746 stocks declined.
▫️ Volatility cooled down sharply as Volatility Index dropped by 8% yesterday.
▫️Gold price is witnessing volatility as sooner rate cuts are supporting the yellow metal prices and emergence of Omicron variant is creating a headwind for the bullion. Gold prices is currently trading around 47,700 levels.
▫️Oil prices further declined on Wednesday and touched $66 (WTI Crude) due to first case of Omicron variant in the US and higher than expected US oil inventories.
▫️Ruppee gained 22 paise to close at 74.91, amid positive GDP data and weak dollar overseas.
▫️US Markets fell close to 1% on Wednesday, due to out break of the new variant in the country.
▫️US futures are trading with more than 1% gain today morning. Asia markets are mixed with a positive bias. SGX Nifty is showing negative start for the Indian markets.
▫️Stocks in f&o ban: IBULHSGFIN
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