Sunday, March 08
Industrial output surged to a 25-month high in November, driven by a strong rebound in manufacturing and mining sectors. Consumer durables and non-durables also showed robust expansion, signaling a positive consumption scenario. Capital goods output also maintained healthy momentum, indicating sustained investment activity.
PAN-Aadhaar linking: The Income Tax Department allows PAN–Aadhaar linking through multiple online options and urges taxpayers to confirm their linking status to keep their PAN active. Failure to complete the process before the deadline could render PAN inoperative from January 1, 2026.
Indian travelers are diversifying New Year destinations beyond Thailand and Cambodia due to border violence. Vietnam, Indonesia, Sri Lanka, Japan, and West Asia are gaining popularity. While Thailand sees a slight dip in bookings, Cambodia faces a stronger reaction. Rising airfares also influence choices, favoring shorter, visa-on-arrival destinations.
Jefferies has strategically rebalanced its Asia Pacific portfolio, boosting India and Taiwan by one percent each. This move, driven by confidence in India's domestic demand and Taiwan's semiconductor prowess, sees reduced exposure to China and Indonesia due to economic uncertainties.
Indian markets are bracing for a data-heavy week as the year concludes. Analysts anticipate a range-bound trading session, influenced by domestic economic indicators like industrial production and auto sales, alongside global cues from the US Federal Reserve. Investors are closely watching for insights into growth and liquidity trends.
