Dalal St gaining steam from resilient Q1 GDP
image for illustrative purpose
New Delhi: Domestic equity markets went up following robust macroeconomic indicators, as India’s economy expanded by 7.8 per cent year-on-year (YoY) in Q1/FY26, marking the strongest growth in five quarters, a report said on Wednesday.
Equity markets gained further extension after the US Federal Reserve delivered its first rate cut of the year in September, citing recent weakness in the labour market. However, overall gains were capped amid lingering uncertainty over India-US trade negotiations and continued foreign institutional investor (FII) outflows from domestic equities. Meanwhile, according to the report, among the trends spotted in the Equity Mutual Fund category as on September, all categories across equity mutual funds gave positive category average returns.
