{"id":137340,"date":"2021-08-31T12:17:25","date_gmt":"2021-08-31T12:17:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137340"},"modified":"2021-08-31T12:17:25","modified_gmt":"2021-08-31T12:17:25","slug":"indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/","title":{"rendered":"India's Nifty breaches 17,000 on financials boost; GDP data in focus"},"content":{"rendered":"
A trader looks at a screen at a stock brokerage firm in Mumbai March 13, 2008. REUTERS\/Arko Datta\/Files<\/figcaption>

BENGALURU (Reuters) – Indian shares ended higher on Tuesday, with sharp gains in Bajaj Finance and Bharti Airtel helping the blue-chip Nifty index scale the 17,000-mark for the first time, ahead of economic growth data due later in the day.<\/p>\n

The blue-chip NSE Nifty 50 index closed 1.19% higher at 17,132.20, while the benchmark S&P BSE Sensex rose 1.16% to 57,552.39, with both indexes posting their fourth consecutive monthly gain.<\/p>\n

\u201cThe U.S. Federal Reserve\u2019s dovish stance and news about China tightening regulations make India a more viable investment destination. Fundamentally we have recovered faster than expected from the second wave of COVID-19 infections,\u201d said Amit Shah, head of India equity research at BNP Paribas in Mumbai.<\/p>\n

Domestic markets are also being supported by the country\u2019s central bank keeping its accommodative stance, Shah said.<\/p>\n

India\u2019s GDP data for the April-June quarter is due at 1200 GMT, after the market closes. The country\u2019s economy likely rebounded from a deep slump last year on improved manufacturing despite a second pandemic wave, a Reuters survey of economists showed.<\/p>\n

Heavyweight Bharti Airtel jumped 7% to a record close, a day after its founder-chairman said the wireless carrier wanted to improve growth and reduce debt leverage with a capital raise of 210 billion rupees ($2.88 billion).<\/p>\n

The Nifty Finance index, Nifty Metal index, and Nifty IT index gained between 1.27% and 1.54%.<\/p>\n

Heavyweight financial stocks Bajaj Finance Ltd and Bajaj Finserv Ltd hit record highs, adding 5% and 3.6%, respectively.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A trader looks at a screen at<\/p>\n","protected":false},"author":3,"featured_media":137339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nIndia's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"A trader looks at a screen at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-31T12:17:25+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Indias-Nifty-breaches-17000-on-financials-boost-GDP-data-in-focus.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/\",\"name\":\"India's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-08-31T12:17:25+00:00\",\"dateModified\":\"2021-08-31T12:17:25+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"India's Nifty breaches 17,000 on financials boost; GDP data in focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/","og_locale":"en_US","og_type":"article","og_title":"India's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News","og_description":"A trader looks at a screen at","og_url":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/","og_site_name":"Pre Coin News","article_published_time":"2021-08-31T12:17:25+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Indias-Nifty-breaches-17000-on-financials-boost-GDP-data-in-focus.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/","url":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/","name":"India's Nifty breaches 17,000 on financials boost; GDP data in focus - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-08-31T12:17:25+00:00","dateModified":"2021-08-31T12:17:25+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/indias-nifty-breaches-17000-on-financials-boost-gdp-data-in-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"India's Nifty breaches 17,000 on financials boost; GDP data in focus"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/137340"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=137340"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/137340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/137339"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=137340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=137340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=137340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}