Indian shares open lower ahead of GDP data

India`s statistics ministry will announce the GDP data at 1200 GMT, with economists saying the country`s economic growth likely picked up in the January-March quarter from the previous three months, but expressed pessimism about this quarter after a harsh second wave of COVID-19 hit the country last month.

Bengaluru: Indian shares opened lower on Monday as investors awaited gross domestic product data for the fourth quarter, with economists being pessimistic after a harsh second wave of COVID-19 hit the country last month. The NSE Nifty 50 index shed 0.34% to 15,381.35 by 0401 GMT, while the benchmark S&P BSE Sensex slipped 0.43% to 51,188.99. The Nifty 50 index closed at a record high on Friday, with both the indexes posting weekly gains of around 2% each.