Indian share markets post gain
The BSE Sensex gained 291.47 points to end Tuesday at 24479.84 while NSE Nifty gained 84.10 points to finish at 7435.10.
The Indian market followed the trend established earlier by the Asian markets, which fared well on the back of positive news from China.
Data released on Tuesday revealed that China’s economy has grown 6.8% in the fourth quarter from a year earlier, but below 6.9% posted in the third quarter.
The International Monetary Fund (IMF), in the quarterly update to its World Economic Outlook, has cut global growth forecast to 3.4% on Tuesday for 2016 from 3.6% estimated in October 2015.
The IMF has dubbed 2016 as a year of ‘great challenges’.
Its growth forecast for 2017 has also been reduced to 3.6%, down from an estimated 3.8%.
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