Nifty 50 Hits Record High on Robust Economic Growth

1 Dec 2023 , 01:39 PM

Nifty 50 achieves a new all-time high driven by faster-than-expected 7.6% economic growth in India’s September-quarter. 

At the time of writing Sensex was trading at Rs 67,474.77 which is a 0.73% hike than the previous day’s close. Nifty was trading at Rs 20,273 which is a 0.70% gain than the previous close.

The growth surpasses both the 6.8% forecast in a Reuters poll and the Reserve Bank of India’s estimate of 6.5%, primarily led by manufacturing expansion.

Nifty and Sensex experience their strongest month in 2023 during November, aided by the return of foreign portfolio investor (FPI) inflows totaling 90 billion rupees ($1.1 billion).

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