The domestic equity markets settled higher today, tracking robust gross domestic product (GDP) data for the July-September 2010 quarter (Q2). The Indian economy expanded at 8.9% during Q2FY11 against the street expectations of around 8-8.5%. Though global cues were not very encouraging in trade today, but the markets managed to show smart recovery during the session after release of the GDP data. The BSE Sensex and the NSE Nifty regained the psychological levels of 19,500 and 5,850 respectively in trade today. With this the key indices have now inched higher for two sessions in a row. Intraday recovery was led by realty counters.
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