The benchmark indices logged. their biggest single-day gains in India's encouraging economic data.
Favourable global cues, following China's fresh stimulus measures to revive its economy, also boosted risk appetite.
The Sensex closed at 65,387 following a gain of 556 points or 0.8 per cent; the Nifty50 finished at 19,435, up 181 points or 0.9 per cent-most since June 30. Friday's gains also helped both indices snap their five-week losing streak. India's economy grew at its fastest pace in four quarters at 7.8 per cent in the April-June quarter of financial year 2023-24 (FY24). India's manufacturing sector activity continued to expand in August. The S&P Global Purchasing Managers' Index (PMI) rose to a threemonth high of 58.6 in August. August was the 26th month in a row when the PMI was above 50. A measure above 50 separates expansion from contraction.
この記事は Business Standard の September 02, 2023 版に掲載されています。
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この記事は Business Standard の September 02, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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Jay Shah takes over as ICC chairman
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Nine states bet $18 bn on women's empowerment
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Robust taxes ease burden of freebies on states
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Monetary policy: Hobson's choice before RBI
This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar
CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
SFBs: The canter on a chequered terrain
Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.
Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
