Sensex, Nifty rise on stronger-than-expected GDP data

Indian shares rose on Wednesday, snapping two days of losses and approaching a key psychological level of 9,000, after stronger-than-expected economic growth eased worries about the impact of the government’s demonetisation drive.

The Nifty closed up 0.75 percent at 8,945.8, not too far from the key level of 9,000.

The Sensex rose 0.84 percent to end at 28,984.49.