Lakh

• Telangana has launched a Special Intensive Revision (SIR) of its electoral rolls following the discovery of 89.88 lakh voters with data "anomalies." • These discrepancies, which mirror "logical discrepancies" previously seen in West Bengal, involve inconsistencies in voter data that could impact election integrity. • The process is further complicated by ongoing concerns regarding language barriers and the accuracy of voter registration.

• The Indian stock market saw a massive rally, with the Sensex zooming 1,700 points and the Nifty closing above 23,600, adding approximately Rs 10 lakh crore in market capitalization. • This surge was driven by a 2% increase in both indices, fueled by easing crude oil prices, hopes for US-Iran peace, a stronger rupee (gaining 72 paise to 95.13 against the USD), and a global rally in Asian, US, and European markets. • The rally reflects a broad-based recovery in investor sentiment, mirroring gains in the Nasdaq (3%) and Nikkei (3%), though analysts warn that geopolitical risks remain a concern.

• India's top 10 most valued companies added a combined Rs 2.20 lakh crore in market capitalisation during a holiday-shortened week, with the BSE Sensex climbing 249.29 points or 0.32 per cent. • Reliance Industries emerged as the biggest gainer, adding Rs 1,39,655.8 crore to reach Rs 19,36,303.30 crore, while Bharti Airtel surged Rs 43,503.51 crore to Rs 11,49,222.13 crore and TCS gained Rs 27,569.83 crore. • Six of the top-10 firms faced a combined valuation erosion of Rs 1.24 lakh crore, with HDFC Bank, SBI, ICICI Bank, L&T, HUL, and LIC all declining during the volatile trading environment.

• India's Goods and Services Tax (GST) collections increased 8.7% to ₹2.42 lakh crore, demonstrating continued economic strength despite recent market corrections and global uncertainties. • The strong GST collection figures reflect robust consumer spending and improved tax compliance across India's formal economy, providing crucial revenue for government budgets. • This economic indicator comes amid broader market volatility, with Wall Street posting its best month since 2020, suggesting potential stabilization in global financial conditions affecting Indian markets.