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Finance Minister Nirmala Sitharaman Saturday said the country’s gross domestic product (GDP) will likely grow at an average of 8% or above in the financial year (FY) 2023-24. This is higher than recent data from the National Statistical Office (NSO) which showed that the economy is expected to grow at 7.6% in FY24.
The S&P BSE Sensex surged 491.01 points (0.85 per cent) to end at 58,410.98 while the Nifty 50 rallied 126.10 points (0.73 per cent) to settle at 17,311.80. Both the indices had opened on a flat note earlier in the day but slipped in the red during the early trade. However, they soon erased their early losses and turned positive towards late morning deals and traded positive through the rest of the session.
The annual increase in U.S. consumer prices slowed to below 5% in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month.
The anchor investors include the likes of ICICI Prudential Life Insurance Company, SBI Life Insurance Company and Goldman Sachs (Singapore).
At the interbank foreign exchange, the domestic unit opened at 81.78 against the dollar and slipped to 82.06. Later, it gained ground to reach 81.81 registering an increase of 25 paise over its previous close.
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“The conversations I’m having with customers are about ‘how do I get my PC ready for what I think is coming in AI and going to be able to deliver,'” said Sam Burd, Dell Technologies’ president of its PC business.
Fans on the internet rushed to the comments section of the song to express their excitement. One of the fans wrote, “Rajkumar Rao has nailed his skills. What a talented person.” Another fan commented, “Something which soothes and gives goosebumps at the same time.”