Nifty, Sensex near record highs: Key factors driving the rally

Nifty's closing price on Monday put it just 1.55% away from its record high of 18,887, which was set in December 2022. The Sensex is also just 1.25% away from its record high of 63,583.

Indian economy set for strongest growth phase since 2010 but limited upside for markets in near term, says Nomura

Even though the economy is set for its strongest growth phase, Nomura believes that the Indian market will have limited upside potential in the near term. It, however, sees foundations in place for sustainable growth over the medium to long term, it added.

Q4 GDP growth beats estimates: Here's what experts make of the numbers

The rise in GDP growth was driven by a pickup in manufacturing activity as well as a fall in food, crude oil, and raw material prices.

Personal income tax to GDP ratio spikes to 2.94 percent: Report

Introduction of new TDS codes, which have almost doubled from 36 to 65 in last eight years, led to increase in total reported transaction in FY 2021-22 to 144 crore 

RBI’s GDP growth projection too optimistic; a 75bp cumulative rate cut possible in H2FY24: Nomura's Aurodeep Nandi

Nandi believes beyond June, while inflation may evolve broadly in line with the RBI’s forecasts, growth would start disappointing. The policy pause will give way to a policy pivot towards rate cuts, starting this October.

India likely to become $7 trillion economy by 2030; young workforce, digitalization to help: Deutsche Bank

India has become the world's most populous country, with a growing young population that presents promising demographic advantages.

World Bank cuts India's growth forecast to 6.3%; ADB projects 6.4% for FY24

<ul><li>The World Bank in its latest 'India Development Update' (IDU) slashed the GDP forecast to 6.3 per cent against the earlier estimate of 6.6 per cent in 2023-24 (FY24).</li></ul>

India's current account deficit likely narrowed to 2.7% of GDP in Q4

The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of GDP. Forecasts ranged from $15.0-$28.0 billion, or 2.0%-3.2% of GDP.

China sets this year's economic growth target at 'around 5%'

<ul><li>Premier Li Keqiang, the top economic official, set this year's growth target at “around 5 per cent” following the end of anti-virus controls that kept millions of people at home and triggered protests.</li></ul>

Economic indicators giving mixed signals; time to be cautious? Here's what experts say

India’s manufacturing sector expanded at the slowest pace in four months in February. However, it still remained strong thanks to healthy domestic demand despite elevated inflation.

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Nifty, Sensex near record highs: Key factors driving the rally

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