Indian stock market benchmarks traded with decent gains on Tuesday (September 2), rising for the second consecutive session, as sentiment stayed upbeat on the back of healthy domestic macro data, expectations of a US Fed rate cut, and optimism that GST rationalisation will boost consumption and accelerate India’s economic growth.
The Sensex has gained over 900 points in two days, while the Nifty 50 has reclaimed the 24,700 level. Around 11 AM on Tuesday, the Sensex was 355 points, or 0.44 per cent, up at 80,719, while the Nifty 50 was 114 points, or 0.46 per cent, up at 24,739.
Why is the Indian stock market rising?
The fresh positivity in the domestic market can be attributed to India’s strong Q1FY26 GDP numbers, which clocked a 7.8 per cent in the June quarter from 7.4 per cent in the previous three-month period.
On the other hand, the country’s manufacturing activity expanded at its fastest pace in over 17 years in August, driven by stronger alignment between supply and demand.
(This is a developing story. Please check back for fresh updates.)
