Mumbai, Sept. 1 -- GIFT Nifty:

GIFT Nifty September 2026 futures were down 1 point, indicating a flat opening for the Nifty 50.

India's economic growth remained resilient in the first quarter of FY27, with real GDP growing 7.8% year-on-year in Q1 FY27 (April-June 2026). The growth exceeded the Reserve Bank of India's 7% projection. However, it moderated from the revised 8.6% growth recorded in Q4 FY26.

India's fiscal deficit stood at Rs 4.55 lakh crore during April-July, accounting for 26.8% of the full-year target of Rs 16.96 lakh crore for FY27. The government has pegged its FY27 fiscal-deficit target at 4.3% of GDP.

Meanwhile, Prime Minister Narendra Modi urged Russian President Vladimir Putin to move towards ending the Ukraine war...