Disappointing GDP data, weak global cues to weigh on market sentiments

Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening

The disappointing gross domestic product (GDP) numbers, coupled with weak global cues, are likely to weigh on investors’ sentiment during Thursday’s trade.

India's gross domestic product (GDP) rose 13.5 per cent year-on-year in the April-June period. Though it is the fastest annual expansion in a year, it was lower than the predictions made by the Reserve Bank of India (RBI; 16.2 per cent) and other analysts.

India was expected to post robust economic growth on the back of a demand revival after the government eased Covid-related restrictions. Optimism about India’s growth prospects has fuelled the rally in recent months in