The impressive GDP numbers provide fundamental support to the bull market. What are some of the possible headwinds, and what is the outlook for India's economic growth in the short term?
The downgrade led to foreign institutional investors selling a provisional ₹2,290.31 crore on 1 September and raising net cumulative bearish bets on the Nifty and Bank Nifty futures by 47,000 contracts
Global stocks hit a record high again on Tuesday as the markets shrugged off concerns about rising inflation and looked ahead to US data later in the week that should offer a major clue to the health of the world s biggest economy. The MSCI World Equity index rose 2.4 points, or 0.34 per cent, to 713.85, marking a new record high. Risk markets have eked out gains in recent weeks as traders balance optimism that some key markets are reopening after lockdowns with concern that rising inflation may prompt central banks to rein in stimulus programmes.
Nifty and Sensex slip Indian shares recent rally was stalled on Tuesday, as gains in energy stocks, amid optimism from declining daily cases of Covid-19, were offset by losses in materials and financials.