Indian shares hit all-time highs on technology boost; GDP data awaited



BENGALURU (Reuters) – Indian shares hit record highs for a second straight session on Tuesday, boosted by technology stocks and telecom firm Bharti Airtel, with investors focusing on economic growth data due later in the day.


The blue-chip NSE Nifty 50 index was up 0.18% at 16,960.75 by 0347 GMT and the benchmark S&P BSE Sensex rose 0.21% to 57,010.92. Both the indexes are set to post a fourth consecutive monthly gain.





Ltd and Tech Mahindra Ltd were the top performers on the Nifty 50, while the Nifty IT index, with its 1.12% jump, was among the top gainers among other sub-indexes.


India’s GDP data is set to be released at 1200 GMT. The country’s economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and despite a devastating second wave of COVID-19 cases, according to a Reuters survey of economists.


In the broader Asian markets, stocks fell as worries about China’s slowing economic growth weighed on sentiment. [MKTS/GLOB]


 


(Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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