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…

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report

India’s economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. The Nov. 22-25 poll of 44 economists put the median year-on-year growth forecast at 8.4% in the…