India’s stellar Q2 GDP print of 8.2% gave equities an early boost, driving the Nifty and the BSE Sensex to new lifetime highs at 26,325.80 and 86,159. But the momentum didn’t hold for long. Pressure from pharma and financial names pulled the indices off their peaks, even as auto and IT stocks helped limit the damage.
By the close, the Nifty slipped 27.20 points, or 0.10%, to 26,175.75. The Sensex also eased, ending 64.77 points lower at 85,641.90, down 0.08%. Read more