What was India's GDP growth rate for the April-June quarter, and how did it compare to expectations?

India's economy expanded 7.8% year-on-year in the April-June quarter, 'blowing past forecasts' due to an investment boom and manufacturing strength adding to already-solid consumer demand.

Why might optimism about Indian shares be tempered despite strong domestic growth data?

Rising crude oil prices caused by renewed Middle East tensions — including Iran's missile strikes on U.S. air bases in Jordan and U.S. retaliatory attacks — are lifting Brent crude futures to $91 per barrel and rattling global markets, which could limit gains in Indian equities.

Indian Shares to Open Higher on Strong Growth Data; Middle East Jitters Could Temper Optimism

Aug 31, 2026

Indian equities are expected to rise following robust GDP growth, despite Middle East tensions pushing Brent crude to $91 per barrel. Key updates include ONGC's $10.5 billion deepwater exploration plan and Milky Mist Dairy's significant profit growth.

reuters

2026-08-05

Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

2026-08-31

Indian Shares to Open Higher on Strong Growth Data; Middle East Jitters Could Temper Optimism

Indian Shares to Open Higher on Strong Growth Data; Middle East Jitters Could Temper Optimism

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