According to Brasil 247, Data from the Quarterly National Accounts indicated that all three principal sectors -- Agriculture, Industry and Services posted growth during the year, highlighting the economy's resilience despite tight monetary conditions.
Sensex and Nifty 50 ended in the red. Sensex ended 54 points, or 0.06%, lower at 85,213.36, while the Nifty 50 closed at 26,027.30, down 20 points, or 0.08%. Among the sectors, most indies ended higher with Nifty Media spiked 1.79%, FMCG up by 0.69%, Consumer Durables up by 0.52%, Nifty Bank
The Reserve Bank of India's decision to lower interest rates has led to a marked decline in borrowing costs for companies, thereby boosting debt serviceability across several sectors, according to a report by the Bank of Baroda (BoB).
The Sensex recorded an uptick of 79.22 points, closing at 65,075.82 whereas the Nifty also witnessed gains, rising by 36.60 points to finish at 19,345.65.