India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Citi upgrades India to ‘overweight’, sees Nifty hitting 26,000 by December

There is ‘meaningful upside’ in Indian equities amid ‘less demanding’ valuations, Citi said in a note. Citi upgrades India to ‘Overweight,’ sees Nifty hitting 26,000 by year-end Citi has upgraded India to ‘Overweight’ from ‘Neutral’ in its latest research report, citing attractive valuations, improving consumption trends amid tax cuts and potential 50 bps rate cut.…