S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
DBS Group strategists Taimur Baig and Nathan Chow expect India’s 1QFY27 Gross Domestic Product (GDP) to confirm that the economy has weathered geopolitical disruptions better than initially feared. They note stronger consumption gauges, improving production, and ongoing support from services and exports, even as muted wealth effects, soft fuel demand and higher energy costs weigh on some sectors and the external balance.
Growth holding up despite disruptions
“GDP growth in 1QFY27 is likely to suggest that the economy weathered geopolitical disruptions better than initially factored in.”
“Our consolidated consumption gauge strengthened during the quarter, even as sentiment indicators, pointed to a more cautious backdrop and wealth effects remained muted amid subdued capital market performance.”
“Production activity picked up, although demand for industrial fuels and downstream petroleum products remained soft following a series of price adjustments.”
“Meanwhile, the services sector continued to provide support to overall growth, as reflected in robust bank credit expansion, PMIs remaining in expansionary territory, higher e-way bill generation, and resilient export growth.”
“Corporate earnings indicators were also broadly constructive, with aggregate revenue growth across listed firms remaining resilient, although higher energy prices weighed on the profitability of oil marketing companies.”
