MARKET SUMMARY
Key benchmark ended higher for the third day in a row as investors cheered better-than-expected fourth quarter GDP data and positive global market. After opened higher tracking favorable cues from the global markets, index trade positive for most part of the session. Index further gain after GDP numbers came and continued its northward journey. Firm cues from the European markets and higher U.S. stock futures also helped boost sentiment. However, during the session, Sensex traded above 14,700 level and Nifty above 4,400 mark. Investor sentiment got a boost after government data showed India’s GDP grew at 5.8% in the March quarter against 5.3%, but sharply lower from the year-ago growth of 8.6%. Finally the Sensex ended the day with a gain of 329.24 points, or 2.30% at 14,625.25 and Nifty climbed 111.85 points, or 2.58% at 4,448.95.
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