India’s GDP Is Booming at 7.8%: So Why Aren’t Nifty and Sensex Rallying?
- India’s GDP rose 7.8%, yet Nifty fell 0.1% to 24,055.80 as benchmarks stayed weak.
- Foreign investors bought $3.1B in August but had withdrawn $24.6B during 2026.
- Small caps rose 3.1%, and mid caps 2.1%, showing weakness was concentrated in benchmarks.
India’s GDP expanded 7.8% year over year in the April-June quarter, beating the RBI’s 7% projection and the 7.1% market consensus. Yet the stronger reading failed to lift India’s largest equity benchmarks.
On September 1, the Nifty 50 slipped 0.1% to 24,055.80, whil…
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