It is important to keep an eye on the GDP numbers as it determines the likely course of the action in the market.
The Indian economy grew at 8.7 percent, according to the National Statistical Office (NSO) data released on Tuesday. The Gross Domestic Product (GDP) growth was estimated at 8.7 percent in the financial year 2021-22 against a contraction of 6.6 percent in the previous fiscal.
Meanwhile, the combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 percent as compared to the Index of April 2021.
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