Sensex, Nifty add gains
India, Sept. 15 -- Indian equity benchmarks added some more gains in late morning deals, on the back of positive cues from other Asian markets. Domestic sentiments were upbeat, even after the Asian Development Bank (ADB) said that India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago. However, it expects India to bounce back with 8 per cent growth next year as the country begins to emerge from the economic devastation caused by coronavirus (COVID-19) pandemic.On the global front, Asian markets were trading mostly in green, after industrial production in China was up 5.6 percent on year in August. The National Bureau of Statistics said that blew away expectat...
To read the full article or to get the complete feed from this publication, please Contact Us