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Bloomberg Quint
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From Early Monsoon To India's Q4 GDP — The Week That Was
- The past week in India saw significant developments including the early arrival of the Southwest Monsoon in Mumbai and parts of Maharashtra, raising both hopes for agriculture and concerns for urban flooding.
- India's Q4 GDP growth hit 7.4%, providing a positive end to the financial year despite overall growth estimates being the lowest in four years.
- RBI's annual report revealed an 8.2% increase in its balance sheet, driven by various investments and asset growth, with foreign assets forming a significant portion.
- Industrial production in India slowed to 2.7% in April, indicating a potential soft patch in manufacturing recovery amidst global uncertainties.
- US President Trump urged Fed Chair Powell to lower interest rates in a meeting, citing competitive disadvantages against countries like China.
- SEBI's interim order highlighted governance issues at IndusInd Bank, indicating lack of transparency and insider trading concerns.
- SEBI relaxed F&O regulations, revising limits on Index Options trading and introducing new risk measures for a more accurate market exposure view.
- The week also witnessed strong investor interest in IPOs, with companies like Prostarm Info Systems and Scoda Tubes attracting high subscription rates.
- Earnings reports from companies like Vodafone Idea, Nykaa, TCI Express, and Bajaj Auto provided insights into various sectors, with a focus on margins and guidance.
- Overall, the week saw a mix of economic, regulatory, and corporate events shaping India's market landscape and outlook.
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