Sensex Today | Share Market Live Updates : Gift Nifty over 200pts ahead, Indicates strong jump for benchmarks at open
Read the full story here.)Sensex Today Live : India’s GDP data for the third quarter of Financial Year 2023-24, released by the Statistics Ministry on February 29, revealed an unexpected 8.4% growth in the economy during the October-December quarter of FY 24. Economists were taken aback by this surge as they had estimated lower growth due to a slight decrease in government expenditure, sluggish industrial output growth, and an irregular monsoon during the third quarter.
However, the robust construction and manufacturing sectors played a pivotal role in surpassing these predictions. (Read the full story here.)Sensex Today Live : Buoyed by better-than-expected GDP data and improved forecasts for the current financial year, Gift Nifty futures was trading far ahead of Thursday's Nifty 50 close.At 7:50 am, the Gift Nifty at 22,205 was more than 200 points ahead of Nifty 50's Thursday close of 21,982.80.Japan's Nikkei hit a fresh record high on Friday, buoyed by the bounce on Wall Street as a key U.S.
inflation reading was in line with expectations, while markets elsewhere in Asia were more subdued on China's still-uncertain economic outlook.The Nikkei index gained 1.8% to hit a fresh all-time high, extending a surge of 7.9% the previous month when it breached levels last seen in 1989. Australia's resources-heavy shares also hit a record high and were last up 0.3% on the day.MSCI's broadest index of Asia-Pacific shares outside Japan, however, fell 0.1%, weighed down by a 0.2% drop in Hong Kong's Hang Seng index.
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