{"id":13447,"date":"2021-08-31T03:01:35","date_gmt":"2021-08-31T03:01:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/31\/sensex-nifty-poised-for-weak-start-ahead-of-gdp-data\/"},"modified":"2021-08-31T03:01:35","modified_gmt":"2021-08-31T03:01:35","slug":"sensex-nifty-poised-for-weak-start-ahead-of-gdp-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/31\/sensex-nifty-poised-for-weak-start-ahead-of-gdp-data\/","title":{"rendered":"Sensex, Nifty Poised For Weak Start Ahead Of GDP Data"},"content":{"rendered":"
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Indian shares may open slightly lower on Tuesday as investors await GDP data for the April-June quarter due around noon for clues to economic recovery. <\/p>\n

A recent poll of economists suggests that India’s GDP grew roughly 20 percent in the June quarter.<\/p>\n

In the three months between January and March, India’s economy<\/span> grew 1.6 percent compared with a year earlier.<\/p>\n

Benchmark indexes Sensex and the Nifty jumped around 1.4 percent each to reach to reach fresh record closing highs on Monday and the rupee soared 40 paise to close at a more than 2-month high of 73.29 against the dollar, buoyed by dovish Fed commentary. <\/p>\n

Asian markets<\/span> traded mostly lower this morning as increased curbs on Chinese video-gaming firms put the spotlight back on the clampdown on technology companies. Also, China’s securities regulator said it plans to rein in the country’s private equity and venture capital funds.<\/p>\n

Gold firmed up as the dollar hovered near two-week lows against a basket of currencies. Oil returned to weakness as traders weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida.<\/p>\n

U.S. stocks ended mostly higher overnight, with optimism over economic recovery and easing fears of a sudden tapering in monetary stimulus helping underpin sentiment.<\/p>\n

The S&P 500 rose 0.4 percent and the Nasdaq Composite gained 0.9 percent to reach new record closing highs while the Dow slid 0.2 percent.<\/p>\n

European stocks ended on a flat note Monday after the release of disappointing euro zone data. <\/p>\n

The pan European Stoxx 600 ended flat with a positive bias. The German DAX and France’s CAC 40 index edged up 0.2 percent and 0.1 percent, respectively while the U.K. markets were closed for a bank holiday. <\/p>\n<\/p>\n<\/div><\/div>\n