India’s 7.8% Growth Supports Equities as Oil and Foreign Selling Cap Optimism

Mumbai, India, 1 September 2026 – Indian equities were positioned for a modestly firmer opening after economic growth exceeded expectations, although higher oil prices and renewed Middle East tension limited risk appetite. GIFT Nifty futures stood at 24,178 points shortly before the open, indicating a positive start after the Nifty 50 closed at a one-month low of 24,080.4.

India’s economy expanded 7.8% year on year in the April-to-June quarter, supported by investment, manufacturing and resilient consumer demand. The result strengthened the case that domestic activity can absorb global uncertainty better than many peers. For listed companies, robust growth can support credit demand, capital expenditure, retail spending and earnings visibility across banks, industrials and consumer businesses.