The Nifty 50 index crossed above the 20,000-mark for the first time since September 2023, driven by positive global cues and strong gains in index heavyweights.
Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, and the fastest pace of expansion since the fourth quarter of 2021, the Commerce Department s Bureau of Economic Analysis said in its second estimate of third-quarter GDP.
The 10-year Treasury yield, which moves inversely to its price, is down around 60 basis points from its October peak. The yield briefly fell to 4.37% on Friday before data showing that US housing starts increased marginally in October. Economists had expected a slight decline
Overall, retail sales dipped 0.1% last month, slightly less than the 0.3% economists polled by Reuters expected, according to the Commerce Department. Data for September was revised higher to show sales increasing 0.9% instead of the previously reported 0.7% rise.