Economy & Policy◆ Mixed
'LoP's claims are incorrect': Govt rejects Rahul Gandhi's claim after President Murmu meeting on 'vote chori'
Indian markets convened.
· Business Today Mkts
A 10-member INDIA bloc delegation met President Droupadi Murmu and sought the removal of Chief Election Commissioner Gyanesh Kumar over alleged electoral roll irregularities.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.