Sensex, Nifty End Flat Ahead Of September Quarter GDP Data

The S&P BSE Sensex and NSE Nifty 50 indexes ended on a flat note in trade on Friday as investors awaited official release of Gross Domestic Product (GDP) data for second quarter of the current financial year due later today. The benchmarks for most part of the day traded in a range bound manner. The Sensex moved in a range of 412 points and Nifty touched an intraday high of 13,035.30 and low of 12,914.30. Gains in HDFC, HDFC Bank, Asian Paints and Bajaj Finance were offset with losses in Reliance Industries, Infosys, TCS, Axis Bank and HCL Technologies.

The Sensex ended 110 points or 0.25 per cent lower at 44,150 and Nifty 50 index declined 18 points or 0.14 per cent to settle at 12,969.

The country’s economic activity likely picked up in July-September after a record 23.9 per cent contraction the previous quarter. Economists in a Reuters poll forecast gross domestic product (GDP) to shrink 8.8 per cent, a contraction that would still amount to a technical recession.

Fourteen of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Realty index’s nearly 3 per cent gain. Consumer durables, auto, utilities and healthcare stocks also witnessed buying interest.

On the other hand, information technology, telecom and energy shares faced selling pressure.

Comments

Post a Comment

Popular posts from this blog

JCB India launches its new 3DX ecoXPERT

Image
JCB India launches its new 3DX ecoXPERT Designed to give significant savings in Fuel and Maintenance Integrated with “IntelliPerformance” India’s leading manufacturer of Earthmoving and Construction Equipment, JCB India launched its all new 3DX ecoXPERT Backhoe Loader in Bhopal.With JCB’s ‘IntelliPerformance’ technology, which efficiently manages the energy demands of the machine, the intelligent new 3DX ecoXPERT saves fuel and reduces maintenance costs, thus leading to significant savings.Mr. Subir Kumar Chowdhury, Managing Director & CEO of JCB India says, “We are delighted to have launched our new Backhoe Loader, the 3DX ecoXPERT. This new machine is designed to give up to 12% savings on fuel and up to 22% savings on maintenance. Equipped with ‘IntelliPerformance’ technology the machine comes with advanced telematics called JCB Livelink which enables real-time fleet management of equipment for our customers. JCB has pioneered in integrating Smart technologies such as Internet o
Read more

Top features why a dedicated WordPress hosting is best for your website

Dedicated servers are often looked upon as over-expensive web hosting solutions. You may consider them an overkill for your business, but there is no denying the fact that they are the best hosting solution out there. Today, we will tell you some features of a dedicated WordPresshosting that makesit the best for your business. Reliability This is the key factor why most businesses choose a dedicated WordPress server hosting to host their website. A dedicated WordPress hosting server is administered and maintained by a team of professionals who provide online support and work towards optimising the performance of the server. Unlike shared and VPS hosting plans which give you access to limited resources, dedicated server hosting provides a good hosting support. This in turn increases the reliability. Scalability Every business aims to grow their customer base and increase revenues. However, with the limited resources provided by theshared hosting, it can be challenging to handle the high
Read more