Indian markets open lower despite 7.8% GDP growth amid weak global cues, high crude prices
New Delhi, Sept. 1 -- Indian benchmark indices opened lower on Tuesday, despite the domestic economy recording robust GDP growth of 7.8 per cent in the first quarter, as weak global cues, elevated crude oil prices and rising US Treasury yields continued to weigh on investor sentiment.
The BSE Sensex stood at 76,862.13 points, declining 95.14 points or 0.12 per cent, while the NSE Nifty 50 traded at 24,059.05 points, down 21.35 points or 0.09 per cent.
The subdued opening came despite stronger-than-expected domestic macroeconomic fundamentals, with India's Q1 GDP growth of 7.8 per cent providing reassurance about the underlying strength of the economy. However, investors remained cautious amid pressure from global markets, higher crude o...
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