Daily Brief Thematic (Sector/Industry): Thematic Report: Beyond the Headlines: India’s Sectoral Trends and more

• India’s economy is experiencing mixed signals across sectors. While festive spending boosted auto and FMCG sales, long-term trends in inflation, credit slowdown, and sluggish industrial activity raise concerns about growth.
• Core sector slowdown, weak rural wage growth, and high inflation could dent demand, while strong GST collections and transportation indicators suggest resilience. 
• Close monitoring of inflation, industrial performance, and rural demand trends will be key to gauging India’s economic trajectory in the coming months.

• US Stocks rose as investors assessed tech earnings, with Tesla and Meta gaining while Microsoft fell 6% on weak cloud revenue. Apple beat expectations, but iPhone disappointed.
• Japan is set to revise its Companies Act to strengthen shareholder identity disclosure, allowing companies to more easily identify actual shareholders.
• SoftBank considers a $15–$25bn investment in OpenAI, potentially valuing it at $340bn. Toyota remained the world’s top car seller, while Canon announced a ¥100bn share buyback

• Mark Zeppner provided quick and helpful tips for the quarterly call
• Boss Energy exceeded expectations on quarterly results, with lower costs and potential for future cost reduction
• Short sellers may need to reconsider their positions due to positive outlook for Boss Energy

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• Lam Research and KLA carrying on from ASML beat earlier in the week: positive for JP SPE.
• Intel trading better after hours with earnings not a horrible as feared may help JP suppliers.
• IBM beat on its transition to services and AI offerings should help JP IT such as Fujitsu, as well as NEC and NRI who also reported yesterday.

• Vedanta Ltd (VEDL IN)  Rs 1 trillion aluminium refinery and smelter project will be set up in Odisha’s Raygada district.Company also aims to establish a university in the state.
• Hindustan Zinc (HZ IN)  has delayed its demerger plans amid government opposition and the ongoing Vedanta split. Company will prioritize new verticals, focusing on metals like gold, copper, critical minerals.
• Zepto, the quick-commerce startup, has moved its headquarters from Singapore to India ahead of its IPO.