Indian stock market indices rise despite weak GDP data, fueled by core sector recovery signs.

Indian stock market indices Sensex and Nifty closed higher on Monday, gaining 0.56% and 0.60% respectively. The realty sector led gains, up over 3%, while other sectors like healthcare, consumer durables, and IT also showed positive performance. Despite a weak Q2 GDP data, the market rebounded due to signs of recovery in core sector output. Investors remain cautious ahead of the Reserve Bank of India's policy meeting, concerned about potential GDP forecast cuts.

December 02, 2024
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