
Sensex surges over 300 points in early trade; Nifty tests 14,750
The Hindu
Elsewhere in Asia, bourses in Shanghai and Hong Kong were trading on a positive note in mid-session deals, while Tokyo and Seoul were in the red.
Equity benchmark Sensex surged over 300 points in early trade on Monday, tracking gains in index majors HDFC twins, ICICI Bank and Infosys. The 30-share BSE index was trading 300.45 points or 0.62% higher at 49,033. Similarly, the broader NSE Nifty rose 75.60 points or 0.52% to 14,753.40.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












