India’s equity market is expected to open on a positive note on December 1, buoyed by the country’s impressive 8.2% GDP growth in Q2, the highest in six quarters. Analysts predict that both the Nifty 50 and Sensex will reflect the upbeat economic sentiment, supported by strong macroeconomic indicators and improved investor confidence.
The robust GDP numbers, driven by manufacturing, construction, and services, have reassured markets amid global slowdown concerns. Experts believe this could attract foreign inflows, especially after weeks of cautious trading influenced by global rate expectations and geopolitical tensions.
Early indicators suggest banking, infrastructure, auto, and capital goods sectors may lead the rally, while IT and export-driven sectors could see mixed trends due to global demand uncertainties. Pre-market signals also point towards strong domestic institutional participation.
However, analysts warn that volatility cannot be ruled out, especially with global markets still navigating inflation data and currency fluctuations. Investors are advised to track PMI numbers, crude oil prices, and US economic signals that could shape intraday movements.
Overall, India enters December with momentum, and the strong GDP print is expected to set a constructive tone for today’s trading session.
