Dynamite News
Sensex falls over 100 points ahead of GDP data
Market benchmark BSE Sensex dropped over 100 points in early trade on Friday tracking losses in in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release.
Mumbai: Market benchmark BSE Sensex dropped over 100 points in early trade on Friday tracking losses in in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release.
Retreating from its lifetime peak scaled in the previous session, the 30-share index was trading 158.97 points, or 0.39 per cent, lower at 40,971.20 in morning session. Similarly, the broader NSE Nifty was quoting 38.45 points, or 0.32 per cent, down at 12,112.70.
On Thursday, the Sensex rose to an all-time high (intra-day) of 41,163.79 before setting up by 109.56 points or 0.27 per cent at 41,130.17 -- its record closing high. The Nifty too closed at a fresh life-time high of 12,151.15, up by 50.45 points or 0.42 per cent over the previous close.
According to experts, GDP growth for Q2 is expected to be between 4.2 per cent and 4.7 per cent, slower than the 5 per cent in Q1.
On the currency front, the rupee depreciated 9 paise against the US dollar to trade at 71.71 in early session.(PTI)