Daily Current Affairs – May 11, 2026

India's economy shows strong momentum. Real GDP growth is projected at 7.2 per cent for Q4 FY26. Full-year growth for FY26 is expected at 7.5 per cent. Rural and urban consumption are driving this growth. For FY27, real GDP growth is forecast at 6.6 per cent. This outlook considers global economic challenges and domestic demand strength.

In recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged forex exposure, by linking an institution's NOP to its size and flows, two bankers told ET.

Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul held consultations with three main contenders on May 9, 2026

Basavaraj Dhareppa Kempawad, from Athani in Belagavi, has secured the all-India first rank in the Indian Forest Service examination

Indian markets face caution as Nifty's recent breakout fails. The VIX remains high, and Bank Nifty shows bearish signals. Traders are advised to be watchful. Specific stock ideas like Senco and Moschip present bullish opportunities. Vedanta's demerger volatility continues. Investors should monitor key support and resistance levels for strategic trading.

The Centre has allowed up to four-month extensions on government procurement contracts amid geopolitical disruptions and rising component costs, but rejected price revision demands from electronics companies.

Sports goods manufacturers have seen margins come under pressure during the April-June season, when domestic demand dominates order books.