Sensex, Nifty gain as strong Q3 GDP growth lifts mood on Dalal Street

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Key Points

The S&P BSE Sensex was up 639.51 points at 73,139.81 at 10:02 am, while the Nifty50 rose 201.65 points to 22,184.45..

Broader market indices also opened the day on a positive note.. ...

Benchmark stock market indices registered strong gains in early trade on Friday, supported by gains in energy stocks, strong GDP growth in the third quarter and US inflation data...

While economists and experts expected India's growth to be modest in Q3 at below 7 per cent, the data released on Thursday showed that the economy grew at over 8 per cent, bettering both year-on-year and quarter-on-quarter numbers...

Deven Mehata, research analyst at Choice Broking, said, "India's gross domestic product (GDP) grew 8.4 per cent in the December quarter, data released by the Ministry of Statistics and Programme Implementation on February 29 showed, blowing all expectations..

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