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Indian Markets Open Higher on GDP Optimism; Gold Hits Record Highs
Indian Markets Open Higher on GDP Optimism; Gold Hits Record Highs
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BTCCSquare news:
Indian equities extended gains Tuesday as better-than-expected GDP data fueled risk appetite. The Nifty 50 climbed 0.19% to 24,672.25 while the Sensex ROSE 0.22% to 80,544.27, building on Monday's rally. Reliance Industries led advancers with a 1.85% jump.
The bullish momentum follows India's Q1 GDP growth of 7.8%, reinforcing confidence in the economic trajectory. "After Monday's 200-point Nifty surge, the uptrend shows staying power," noted Hariprasad K of Livelong Wealth.
Gold prices touched record highs during the session, though the report contained no direct cryptocurrency mentions. SEBI's new intraday derivatives caps at ₹50,000 crore marked the day's key regulatory development.
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