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Stock Market LIVE Updates: S&P 500 posts record high, Asia trades mixed; GIFT Nifty indicates a firm start

Sensex Today | Stock Market LIVE Updates: U.S. stocks ended sharply higher on Tuesday, with the S&P 500 registering a record high close as Oracle shares surged and consumer price data failed to dampen investors hopes of interest rate cuts in the coming months.
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The Macro Puzzle: What explains the big divergence between GDP and GVA

Most likely the government might have not spent heavily on subsidies while tax flows, especially GST, has been highly robust. Interestingly, the second highest difference between GDP and GVA is in 2018-19, which coincides with the period during the previous Lok Sabha election. However, one has to be careful before jumping to any conclusions as the GDP data is revised significantly in multiple stages
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