Economic Survey Live Updates 2024: Indian stock markets show subdued reaction to Economic SurveyMarkets showed a subdued reaction to the Economic Survey, with the Sensex and Nifty closing lower on Monday. The declines were led by significant sell-offs in Reliance Industries and Kotak Mahindra Bank, exacerbated by a weak performance in global equity markets, which dampened investor sentiment.
The 30-share BSE Sensex fell by 102.57 points, or 0.13%, ending the day at 80,502.08. Earlier, it had dropped by 504 points, or 0.62%, to 80,100.65. The NSE Nifty declined by 21.65 points, or 0.09%, closing at 24,509.25. During the trading session, it had experienced a drop of 168.6 points, or 0.68%, reaching 24,362.30.
The Economic Survey 2023-24 highlights the growing significance of capital markets in India's economic growth. The survey notes that capital markets are increasingly integral to capital formation and investment, driven by advances in technology, innovation and digitisation.
(Inputs from PTI)