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Here’s a curated summary of the most prominent financial and business developments in India based on today’s headlines and market buzz. These stories highlight ongoing market volatility, corporate expansions, regulatory shifts, and economic optimism.

1. Market Outlook: Nifty Faces Profit-Taking, But Long-Term Bullish on Multi-Trillion Dollar Growth

  • The Nifty index is experiencing profit-booking near its all-time highs after hitting 26,250, with support breaking at 25,950. Analysts recommend buying dips in stocks like Cholamandalam Investment, ICICI Prudential Life Insurance, and Ambuja Cements.
  • In a positive long-term note, Motilal Oswal’s 30th Annual Wealth Creation Study projects India’s GDP quadrupling to $16 trillion in the next 17 years, driven by sectors like financials and telecom. Chairman Raamdeo Agrawal emphasized India’s entry into a “multi-trillion dollar opportunity” phase.

2. Shapoorji Pallonji Group Pushes for Tata Sons Listing Amid Debt Crunch

  • The debt-laden SP Group (₹55,000 crore liabilities) is renewing efforts to list Tata Sons, leveraging its 18.4% stake valued at ₹3 lakh crore as a financial lifeline. This could ease pressures but risks internal Tata conflicts.

3. IndiGo Faces Backlash Over Flight Cancellations; Shares Drop 17% in 8 Days

  • India’s largest airline (65% domestic market share) canceled thousands of flights due to chaos at airports, prompting passenger fury and regulatory scrutiny. Shares have fallen sharply, reflecting operational and financial strain in the aviation sector.

4. TotalEnergies Sells 1.7% Stake in Adani Green Energy for ₹2,778 Crore

  • French energy giant TotalEnergies offloaded its stake in Adani Green, signaling portfolio adjustments amid green energy volatility. Adani Group remains aggressive in aviation expansions despite broader market concerns.

5. RBI May Need ₹1.5 Lakh Crore Infusion to Boost Rate Cut Impact

  • Following a recent interest rate reduction, the Reserve Bank of India could inject massive liquidity to ensure benefits reach the broader economy. This comes as retail inflation hit a record low of 0.25% in October, supporting further easing.

6. Meesho IPO Lists at 45% Premium, Raising ₹5,421 Crore

  • Quick-commerce player Meesho debuted strongly on NSE/BSE, underscoring investor appetite for e-commerce despite competition. CEO Vidit Aatrey noted India’s preference for price over speed as a growth driver.

7. Smallcap Crash: Worst in 7 Years, Down 9.45% Amid Valuation Worries

  • India’s smallcap index suffered its sharpest decline since 2018, hit by earnings misses, high valuations, and liquidity flowing to largecaps. Eleven high-momentum stocks still surged over 50% in three months, with three becoming multibaggers.

8. Audit Flaws Exposed in Top Firms; GST Collections Stable Post-Rate Cuts

  • India’s audit watchdog highlighted failures in detecting fraud and related-party risks at major firms, ignoring key standards. Meanwhile, GST (introduced in 2017) maintains steady revenues despite simplifications, boosting economic resilience.

9. Global Ties: Apple Opens First UP Store; IBM, AWS Highlight AI/Cloud in Finance

  • Apple launched its first retail store in Uttar Pradesh (Noida) today, expanding physical presence. At events like ETBFSI Converge, leaders from IBM and AWS discussed how cloud and AI are transforming India’s financial services backbone.

10. Rupee Hits Record Low of 90.49; Fed Rate Cut Eyed for Market Boost

  • The Indian rupee depreciated 5.74% this financial year, becoming Asia’s worst performer amid global pressures. Markets await the US Fed’s expected 25 bps cut, which could aid inflows and support Nifty/Sensex records.
Key Market Indices (as of Dec 11 morning)ValueChange (%)
Nifty 50~25,950-0.5
Sensex~81,500-0.4
Rupee vs USD90.49-0.2

For real-time updates, check sources like bseindia.com

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