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📌 *India GDP Growth Slightly Better-than-Expected*

✒️The Indian economy expanded 6.3% year-on-year in the third quarter of 2022, slightly higher than market forecasts of 6.2%, but well below a strong 13.5% jump in the second quarter, as pandemic related disruptions ease.

✒️On the expenditure side, private spending slowed sharply (9.7% vs 25.9%), investment growth halved (10.4% vs 20.1%), and both exports (11.5% vs 14.7%) and imports (25.4% vs 37.2%) rose at a slower pace.

✒️Meanwhile, stocks declined faster (-19.4% vs -17.4%) and public expenditure shrank 4.4%, after a 1.3% increase in Q2.

✒️On the production side, trade, hotels, transport and communication recorded the biggest increase (14.7%), followed by financial, real estate and professional services (7.2%), construction (6.6%), public administration (6.5%), utilities (5.6%) and farm (4.6%).

✒️On the other hand, both manufacturing (-4.3%) and mining (-2.8%) contracted.

📌 *Sensex Extends Record-High for 3rd Session*

👉The BSE Sensex rose over 400 points to close at 63,100 on Wednesday, extending its record high for the fourth session and adding nearly 4% in November, as investors shook off Covid woes in China and awaited GDP data to be released after the closing bell.

👉The Indian economy is expected to have expanded by more than 6% year-on-year in the third quarter, slowing from double-digit inflation in the previous period.

👉Sectorally, heavy-weighing auto manufacturers led the gain in Mumbai with Mahindra & Mahindra and Bajaj Auto adding 4.4% and 3.3%, respectively.

👉Metallurgists also performed well, despite lower steel prices in China as PMI data pointed to a sharp contraction in factory activity.