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Sensex, Nifty rise over 1% to 2-week high ahead of GDP data

The broader NSE Nifty closed 1.15% higher at 10,736.15, while the benchmark BSE Sensex rose 1.19% to 35,322.38.

business Updated: May 31, 2018 16:35 IST
Reuters
Reuters
Hindustan Times, New Delhi
BSE Sensex,Sensex today,NSE
BSE Sensex recovered on Tuesday after the the previous day's market crash. (PTI Photo)(PTI Photo)

Domestic equities rose more than 1% on Thursday and posted their highest close in two weeks, with financials such as HDFC Bank Ltd accounting for about two-thirds of the gains, ahead of key economic growth data later in the day.

Gross domestic product likely grew 7.3% in the first three months of 2018, a Reuters poll showed, a touch faster than the 7.2% growth in the last quarter of 2017.

The broader NSE Nifty closed 1.15% higher at 10,736.15, while the benchmark BSE Sensex rose 1.19% to 35,322.38.

HDFC Bank ended 4.5% higher.

For the month, the NSE Nifty slipped, while the BSE Sensex gained 0.46%.

First Published: May 31, 2018 11:04 IST