InvestorQ : what impact will the new GDP numbers have on market?
Rohit Kashyap made post

what impact will the new GDP numbers have on market?

Answer
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Rutuja Nigam answered.
4 weeks ago


The impact will not be too substantial because the negative GDP was already factored in the market. The market was expecting -18% contraction in GDP but the actual came figure was -23.6%. That was worse than expected, but not a major surprise.

More than the GDP, which is for the Jun-20 quarter, markets are more interested in high frequency data like IIP, core sector and PMI growth. All these are already in high recovery mode and that is what the markets will focus on. Market impact should be imputed.