69: 01.07.2020 | Markets rise as macro data indicate economic recovery | Indian share market news

Markets gained strength on Wednesday riding on the back of macro data showing that economic activity may be stabilizing. The Nikkei PMI survey data gave rise to the hope that the economy may be emerging out of one of its worst periods in recent times. However, the continued rise in virus infections and extension of lockdowns in many cities may continue to slowdown and impact the economic recovery. A revival in GST collections during June also boosted market sentiments.