Indian equity benchmark -- Nifty -- ended Tuesday’s trading session in positive terrain with minor gains, amid April F&O expiry. Index made an optimistic start, as investors got some support with Union Minister Piyush Goyal’s statement that the Modi government has provided a corruption free regime in the last 10 years and the country in the next few years will become the world's third largest economy. Some support also came with RBI Monetary Policy Committee (MPC) member Shashanka Bhide stating that sustaining the economic growth momentum of 7 per cent in 2024-25 and beyond is feasible on the back of favorable monsoon, higher farm productivity and improved global trade.
Index continued to trade on higher note in afternoon session, as sentiments were positive with Union Finance Minister Nirmala Sitharaman’s statement that reverse migration has started in which a lot of people, who have a global footprint, are finding businesses, professions and careers to be built in India. She said ‘Ideally, India should be a country which is worth for our grandchildren to stay and live and lead their lives and contribute for the country rather than run away from here because opportunities, job satisfaction, career enhancement, are better there and not here.' In last leg of trade, index cut some gains but ended in positive terrain with gains of 31.60 points.
