Gagan | Indian Markets • Startups • Global Macro

India's power demand grows 8.3% in December—highest winter surge in a decade. Renewable capacity additions at 22 GW in 2024, but coal still meets 68% of incremental demand. Energy transition rhetoric ahead of grid reality. Coal investments continue for base load; RE remains intermittent without storage scale.

@IndianTechGuide Wrong side control kar lo aadha bhasad khatam Delhi, Noida and Gurgaon ka!!

🚨 Delhi plans 55km elevated Ring Road, work to start in 6 months, says government.

@RajanAnandan AI investment hedge too!

The Indian biscuit market is Rs 67,000 CR. Britannia public market cap Rs 1.38Lkah crore ($14.6B). Win biscuits in India = Decacorn. #IncredibleIndia

@AmitabhJha3 Log "khoon" bol ke emoji laga ke chill kar rahe hain 😀

BHEL got kicked out. BPCL got kicked out. IndusInd just got kicked out. The Nifty 50 has no loyalty. TCS, Infosys, HDFC Bank aren't untouchable either. If they go, what fills 13% of the index? Drop your best guess below.

Spokesperson of Chinese Embassy in India reacts on Trump's comment!

INFY's 3-year average annual return is just 1.23%. Meanwhile Parekh is earning 752x the median employee salary of Rs 10.72 lakh. The problem isn't the structure of the award. It's that the performance bar being cleared is embarrassingly low for that kind of multiple.

Reliance results drop tonight. Biggest earnings event of the week. Consensus is not pretty. Net profit could fall up to 17% YoY. O2C segment under pressure from crude volatility. Retail growth muted. Jio is the one steady engine in the mix. Dividend announcement could be the only positive surprise. Watch closely.

Nifty just broke below 24000. Third straight day in the red. Sensex down 900 points. IT stocks bleeding. Crude above $101. The 24000 level was the line in the sand. It's gone now. Next stop to watch: 23800. That's where the real test begins. Let's wait for today's close! Follow @GaganMarkets

Despite 70 hour work-week culture, stock is at multiyear low! Meanwhile world is creating billion dollar companies with less than 10 employees! #infosys #infy

This is a one-year blip, not a trend. India was ahead in 2025, Bangladesh was ahead in 2023-24, India leads again from 2027 through at least 2031 per the same IMF data. Also, a lot of this gap is currency math. Rupee depreciation vs dollar inflates the difference. The "overtake" is $99. On PPP terms, India isn't even close to being behind.

🚨 Bangladesh overtook India on per capita income in 2026, as per IMF. GDP per capita income in 2026: (current prices) India - $2,813 Bangladesh - $2,911

@PRSundar64 The results weren't the problem. The guidance was. Infosys guided FY27 revenue growth at just 1.5–3.5% CC, lower than last year's 3–3.5%. Market was pricing in 2–5%. TCV also dropped from $4.8B in Q3 to $3.2B this quarter. Stock is selling the future, not the past.

Infosys is down 11% in last 3 days. This is despite very good results declared yesterday. Now Infosys is down more than 40% from its All Time High.

Air connectivity collapsing in the Gulf. Air India cancelling ~690 flights and IndiGo cutting ~90% operations means thousands stranded. Meanwhile, foreign carriers are hiking fares when demand is desperate. From a markets lens, keep IndiGo on radar. Near-term disruption hits revenues, but pricing power and demand spikes can swing both ways. Geopolitics is now directly tied to airline earnings. Oil price and now flight cancellations! Double hit on Balancesheet.

Navi Mumbai airport launched in Dec 25 is already India's #9 busiest with 3.9L departing seats this April. Started with 40 flights, now runs 150 daily to 46 destinations. But international launch? Indefinitely on hold. Middle East war killed IndiGo's Mar 29 start. Geopolitics > ambition!!

France just axed transit visas for Indians. UK drops £1.1B climate fund on India + SEA coal economies. Same week. Coincidence? No. Global powers don't move in sync by accident. They're racing for first-mover advantage in India's trifecta: $160B/yr energy pivot 1.4B consumers waking up Talent mobility accelerating Everyone smells the arbitrage. Cheap capital → infrastructure → growth lock-in. India isn't emerging anymore. It's the arena. The smart money asks: Who blinks first and who owns the board? Because when the herd rushes in... You want to already be there.

Goldman Sachs just flipped the AI narrative. The new AI trade isn’t software. It’s asset-heavy businesses. Data centers, energy, infrastructure > code alone. Markets are rotating from “who builds AI” to “who powers AI”. Software had its run. Now capital-intensive players are taking the lead. If you’re still only tracking SaaS, you’re watching the wrong side of the cycle.

@unusual_whales How do they decide whom to fire and who to keep? Basis performance or basis skillset or basis inability to learn AI?

BREAKING: Meta plans to cut 10% of workers, or roughly 8,000 employees, per Bloomberg

@DealsDhamaka How are they deciding whom to layoff? Basis performance or skill set?

Meta announced plans to cut ~10% of its workforce (~8,000 jobs) starting May 20 to boost efficiency and fund AI.

@PRSundar64 Which time zone are you working today? 😀

Infosys was down 4% Tuesday, 2% Wednesday, now US ADR is down 4%. Total 10% in 3 days. IT is still not out of the woods.

Trump’s latest on Iran! Peace talks taking U turn? Litmus test for the bounce in markets!