Sensex, Nifty close lower | Check top gaining shares

The Sensex and Nifty closed lower on Tuesday, giving up more than 1 per cent gains made during the day, as investor sentiment soured in global markets, while the rupee hit a fresh record low on concerns of a bigger current account deficit. The NSE Nifty 50 index ended down 0.15 per cent or 24.50 points at 15,810.85,…

Explained: Why India’s strong GDP recovery in Q1FY22 may be deceptive

Official data set to release Tuesday is likely to show that India’s gross domestic product (GDP) grew at a record pace in Q1FY22. If the June quarter GDP is in line with expectations, it would mark the best quarterly growth since such data was maintained. A recent poll of economists suggests that India’s GDP grew…