Core Economic Data

Most of the Adani group stocks advanced, extending gains after U.S. boutique investment firm GQG Partners' $1.87 billion investment in the conglomerate on Thursday

The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes

Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to the official data released on Friday. Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October. The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 8 per cent in April-November this fiscal as against 13.9 per cent during the same period last fiscal. The production of coal rose by 12.3 per cent, fertiliser by 6.4 per cent, steel by 10.8 per cent, cement by 28.6 per cent and electricity by 12.1 per cent in November 2022 compared to a year ago. Core sectors industries, which have 40.27 per cent weight in the overall index of industr

Global shares were mostly higher Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies. European shares mostly headed higher in early trading. Benchmarks advanced in Asia as jitters eased over US House Speaker Nancy Pelosi's visit to Taiwan. The gains followed a strong rally on Wall Street. France's CAC 40 added 0.5% in early trading to 6,501.54, while Germany's DAX gained 0.7% to 13,688.05. Britain's FTSE 100 fell 0.3% to 7,426.95. The future for the Dow industrials inched up less than 0.1% while that for the S&P 500 also was little changed, up by less than 0.1%. Analysts said geopolitical risks remained after Pelosi's visit to Taiwan in defiance of Beijing, with China conducting military exercises near the self-ruled island that it claims as its own territory. Despite the easing in immediate concerns, investors will be looking out for any potential escalation in US-China tensions, with any economic sanctions from China likely .

Turkish economic researchers may face up to 3 years in prison if they publish unofficial data on indicators without first seeking approval from the country's statistics agency.

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Core sector growth was 4.5% in September

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The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)

The core sector in August this year recorded a 3.9 per cent rise from the pre-covid August 2019 too

The industries had contracted by 6.9 per cent in August 2020

May sharpen decline in IIP in Feb

On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019

Economists ask Modi to restore data credibility, provide stimulus

Infra output accounts for nearly 40 per cent of the country's industrial output

The new government has to work towards reviving manufacturing as it is the sector which creates jobs.

Coal generation growth was flat at 2.8 pet cent in April 2019, said the government data.