India’s equity benchmarks were below daytime highs, but with the rise of Infosys, Tata Consultancy Services, Bajaj Finance, Axis Bank, Bajaj Finserve and Powergrid, GDP data was released at a later date. , Continues to trade steadily with noon trading. Day. Sensex rose 345 points at 57,605 and Nifty rose 87 points to 17,141 by 2:16 pm.
Data predict that India’s economic recovery was strengthened in the July-September quarter, helped by a recovery in consumer spending, although the epidemic of the Omicron coronavirus variant raised concerns about the future. it was done.
Asia’s third-largest economy is recovering from last year’s slump, boosted by rising vaccination rates and a recovery in government spending.
According to a Reuters survey of 44 economists, GDP data scheduled for Tuesday at 5:30 pm showed 8.4% year-on-year growth in the September quarter, the highest of any major economy. The same quarter last year, while at a fast pace.
Power Grid is Nifty’s top winner, with its share price rising 3.4% to 207 rupees. ShreeCements, Bajaj Finserv, Bajaj Finance, SBI Life, Axis Bank, Tata Consumer Products, Titan and HCL Tech also rose 1.7-2.6%.
Conversely, Tata Steel, Kotak Mahindra Bank, Hindalco JSW Steel, Adani Ports, ONGC, Coal India, Hero MotoCorp, Mahindra & Mahindra, and HDFC were one of the top losers in the Nifty 50 stock basket.
With the Nifty Midcap 100 index up 1.32% and the Nifty Smallcap 100 index up 1.56%, mid-cap and small cap stocks were also willing to buy.
The overall market width was very positive, with 2,086 shares trading at high prices and 1,131 shares falling at BSE.