Indian equity benchmarks staged sharp recovery in early afternoon deals, with both Sensex and Nifty trading near neutral lines, aided by positive cues from other Asian markets and heavy buying at Metal and Realty counters.

Dear Trader…

Indian equity benchmarks staged sharp recovery in early afternoon deals, with both Sensex and Nifty trading near neutral lines, aided by positive cues from other Asian markets and heavy buying at Metal and Realty counters. Traders took support with Economic Advisory Council member Sanjeev Sanyal’s statement that India is capable of sustaining an economic growth of 9 per cent for many years, even as he asserted that a high sustained GDP growth rate is key for the world to achieve the 2030 Sustainable Development Goals (SDGs). He said India has a per capita income of only $2,200 and that has been achieved after several years of very high growth rate.