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Investors rushed to buy LG Electronics India shares on its stock market debut. Some mistakenly purchased shares of LG Balakrishnan and Bros, a different company. This led to a surge in LG Balakrishnan's stock price. The error was later realized, and the stock price reversed. Similar mix-ups have happened before in the market.
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Indian stock indices fell for a second day as global investor unease over US-China tensions weakened risk appetite. Gold prices hit a new all-time high, attracting funds from equities. Analysts anticipate a positive setup for Nifty and expect outperformance from Bank Nifty, with buying interest seen in banking and financial stocks.
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The International Monetary Fund has increased India's economic growth forecast for the fiscal year 2026 to 6.6 percent. This positive outlook comes despite recent US tariffs on Indian goods. India is projected to achieve the highest growth rate among advanced economies, emerging markets, and developing countries for the current and next fiscal years.
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