OPEC stated in its latest monthly update for October that the Indian economy experienced a slight deceleration in growth, registering 6.7%, y-o-y, in 2Q24, down from 7.8%, y-o-y, in 1Q24. This slowdown was primarily driven by a decrease in government expenditure during the election season. The services sector, which has constituted an average of 54% of the economy since 2021, saw growth accelerate to 7.2%, y-o-y, in 2Q24, up from 6.7%, y-o-y, in 1Q24. The unemployment rate declined to 7.8% in September, down from 8.5% in August. With continued government support and spending, along with positive dynamics in consumer spending, India’s growth rate for 2024 is projected to be 6.8%, y-o-y, consistent with the previous month’s forecast. In 2025, the growth rate is expected to decelerate from the high baseline of 2024 to 6.3%, y-o-y, which is also in line with the previous month’s forecast. India’s robust economic growth is expected to continue in 2H24, as government spending resumes …

Motilal Oswal Financial Services Ltd, Kirloskar Pneumatic Company Ltd, Vesuvius India Ltd and Sunteck Realty Ltd are among the other gainers in the BSE’s ‘A’ group today, 15 October 2024.

Kaynes Technology share price hit a record high of Rs 5,876.60, up 3% on the BSE in Tuesday’s intraday trade. Kaynes shares have zoomed 125% in the past five months on a healthy business outlook

TD Power Systems share price jumped after the company announced that it has secured an order worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs)

At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 244.36 points or 0.30% to 81,725.71. The Nifty 50 index fell 81.95 points or 0.33% to 25,046.