Sensex, Nifty rise ahead of GDP data; IT stocks gain

Indian shares rose marginally on Tuesday ahead of growth data that is expected to show the country’s economic recovery strengthened in the second quarter, buoyed by a pick-up in consumer spending. The blue-chip NSE Nifty 50 index was up 0.75% at 17,180.70 by 9:23 am, while the benchmark S&P BSE Sensex rose…

GDP Data May Show 21% Jump In April-June Quarter From A Year Ago: Report

India’s economy held steady in July as waning Covid-19 cases paved the way for a gradual improvement in manufacturing and services activity. All eight high-frequency indicators tracked by Bloomberg News remained unchanged last month, based on the three-month weighted average scores to smoothen out volatility in…