Top Business News TodayIndian Markets Rally to 8-Month Highs: The BSE Sensex closed 772.75 points (0.95%) higher at 81,879.40, while the NSE Nifty50 gained 210 points to finish above 25,255. The surge was driven by falling global crude oil prices, robust post-Diwali retail earnings, and renewed Foreign Institutional Investor (FII) buying. Top gainers included IndiGo, Mahindra & Mahindra, SBI, and HDFC Bank.
.Moody’s Upgrades India’s FY27 GDP Forecast: Moody’s revised India’s FY27 economic growth projection upward to 7.0%, citing broad-based domestic momentum, resilient private consumption, and strong industrial output.
Crude Oil Softens as Geopolitical Tensions Ease: Brent crude retreated to near $91–$92 per barrel after spikes earlier in the week, bringing relief to major oil-importing economies and aviation/logistics margins.
Tech Sector Restructuring: Qualcomm commenced workforce reductions across global teams, impacting an estimated 1,000+ roles in India amid organizational restructuring.
FMCG Price Hikes: Major dairy cooperatives Mother Dairy and Amul announced milk price increases of ₹2 to ₹4 per litre effective November 12, citing higher operational and procurement costs.
AMFI October Data: Domestic mutual fund inflows reached ₹1.73 lakh crore in October, though pure equity mutual fund inflows moderated by roughly 14% compared to September amid broader market volatility.