Sensex surges 1,100 pts to hit new all-time high, Nifty crosses 22,300 on robust Q3 GDP
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
India's GDP grew 8.4% in Q3 FY24, much higher than RBI's forecast of 6.5% for Q3 FY24
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
Factors ranging from the lower industrial sector to a slowdown in expenditure and uneven monsoon attributed to slower growth
A closer look beyond the headline numbers reveals that manufacturing and construction still remain a pain point in the economy.