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NDTV Profit Pulse On April 11 — Top 9 Stories At 9 P.M. Under 9 Minutes
- Jefferies has issued an 'overweight' call on India amidst global uncertainties, explaining India's potential to outperform other emerging markets.
- India's industrial production growth slowed to a seven-month low of 2.9% in February, as per Ministry of Statistics and Programme Implementation data.
- There are indications of a possible early rollout of the India-US trade agreement, which may occur within a 90-day tariff pause period.
- RBI announced a purchase of government bonds worth Rs 40,000 crore under open market operations to enhance liquidity conditions.
- India's foreign exchange reserves reached $676 billion, the highest since November, indicating a significant increase.
- Gold ETFs witnessed their first monthly outflow in a year, losing Rs 77 crore in March compared to the inflow in February.
- US equities had a volatile session as trade tensions persisted after China's decision to raise tariffs on US goods, impacting Wall Street.
- Airfares to Europe dropped by 2-6% for Indian travellers during peak months, benefiting those planning trips to destinations like Switzerland and Paris.
- Actively managed equity mutual funds saw a lower inflow of Rs 25,082.01 crore in March, indicating a preference for flexi-cap funds among investors.
- Other notable stories include NITI Aayog's projection of India's auto components exports tripling by 2030 and Moody's revision of India's GDP forecast amid US tariff implications in the Asia-Pacific region.
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