India Q2 GDP Data Release Scheduled for November 28 - Growth Expected at 7.2%

The National Statistics Office (NSO) is set to release India's Q2 FY26 GDP growth estimates on November 28, 2025. India Ratings forecasts 7.2% growth driven by strong private consumption, up from 5.6% in Q2 FY25. The services sector continues to dominate the economy contributing 55% to GDP, while agriculture employs 45% of the workforce despite contributing only 18% to output.

India Considers Extending Steel Import Tariff to Counter Chinese Imports

India is evaluating a three-year safeguard duty of 11-12% on certain steel products to protect domestic manufacturers from cheaper Chinese imports. The move comes after a temporary 12% tariff imposed in April 2025 lapsed earlier this month. India's finished steel imports fell 34.1% year-on-year in the first seven months of FY26, with South Korea and China being the top exporters. The decision could significantly impact major steel companies including JSW Steel, Tata Steel, and SAIL.

Inox Green Energy Services Ltd Shows Strong Recovery with +46.80% Quarterly Growth

Inox Green Energy Services Ltd (INOXGREEN) demonstrates impressive performance with 3-month returns at +46.80% and 1-year gains of +61.03%. Despite short-term volatility showing -10.46% weekly and -12.16% monthly declines, the renewable energy company maintains strong YTD returns at +30.63%. Currently trading at ₹218.60 on NSE, the stock remains well above its 52-week low of ₹104.

Asian Stocks Extend Gains on Fed Rate-Cut Bets, Tech Leads Rally

Asian markets rallied for a third consecutive day as traders increased Fed rate-cut expectations to 85% probability for December, up from just 50% last week. The MSCI Asia-Pacific index gained 1%, led by technology stocks, while S&P 500 rose 1.5% and Nasdaq surged 2.7% in its best session since May. Taiwan's Taiex jumped 1.5%, Hong Kong's Hang Seng climbed 0.9%, and Shanghai Composite advanced 1.1%. Alphabet rallied 6.3% on strong AI model reception, while concerns mount over potential market overheating.