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Sensex, Nifty close at fresh record highs driven by gains in Reliance, financial stocks

Economictimes.indiatimes.com 

Indian equity indices Sensex and Nifty50 rebounded from a slow start to close at record highs on Thursday, driven by gains in Reliance Industries, financial and IT stocks. Sensex advanced 349 points to 82,134, while Nifty gained 99.6 points to 25,152. Despite this, overall market capitalisation fell over Rs 31,000 crore.

India's growth story brightens: Moody's boosts GDP forecast to 7.2% for 2024

Economictimes.indiatimes.com 

Moody's has raised India's real GDP growth projections to 7.2% for 2024 (up from 6.8%) and 6.6% for 2025 (up from 6.4%), citing strong, broad-based growth driven by resilient private consumption and improved business conditions. The Indian economy grew 7.8% year-over-year in the first quarter of 2024, with both the industrial and services sectors thriving despite tight monetary policy and fiscal consolidation efforts.