Sensex, Nifty Gain For Third Session After Economic Survey

Sensex, Nifty Gain For Third Session After Economic Survey

The S&P BSE Sensex and NSE Nifty 50 Indexes rose for third session in a row after the Finance Ministry's Economic Survey report pegged India's growth at 7 per cent for financial year 2019-20. The projection is higher than a growth rate of 6.8 per cent - the lowest in five years - clocked by the economy for the year ended March 31. If the projection comes true, it could help India regain the status of world's fastest-growing major economy by overtaking China.

The Sensex rose 69 points or 0.17 per cent to close at 39,908.06 and the NSE Nifty 50 Index advanced 0.25 per cent or 30 points to settle at 11,947.

Gains in equity markets were paced by buying interest in financials, banking and realty shares. However, the upside were capped as select metal, FMCG and pharma shares witnessed selling pressure.

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