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India's economic growth has bottomed out and will recover further to 7 per cent over the next few quarters, but it is likely to take a few years to return to 7.5 per cent above levels, Standard Chartered said in its report.
The 30-share BSE Sensex bounced back in the last one hour of the session to hit a high of 33,321.52 before closing up 193.66 points or 0.59 per cent at 33,246.70. The gauge had lost 402.75 points in the previous two sessions disappointed by grim economic data and the ADB lowering India's economic growth forecast.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10. Intra-day, it shuttled between 10,276.10 and 10,141.55. An appreciating rupee against US dollar gave more support.
The 30-share BSE Sensex bounced back in the last one hour of the session to hit a high of 33,321.52 before closing up 193.66 points or 0.59 per cent at 33,246.70. The gauge had lost 402.75 points in the previous two sessions disappointed by grim economic data and the ADB lowering India's economic growth forecast.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10. Intra-day, it shuttled between 10,276.10 and 10,141.55. An appreciating rupee against US dollar gave more support.
