INSUBCONTINENT EXCLUSIVE:
The stock markets started today's
session on a positive note, with the BSE Sensex rising as much as 246 points to trade above the key 35,000 mark
Domestic equities took support from other Asian markets where investors appeared to overcome the recent selloff triggered by a political
Advances were led by banking, finance and metal stocks
GDP growth data for the January-March period will be released post-market hours today.Thirty three stocks on the 50-scrip Nifty index were
trading in the positive zone
Top gainers on the index were HDFC Bank, Bharti Airtel, ONGC, Tata Steel and Coal India, trading around 1-3 per cent higher each in early
deals.Kotak Mahindra Bank rose 0.6 per cent, HDFC gained 1.1 per cent and Bajaj Holdings went up 0.8 per cent.Global ratings agency Moody's
Investors Service on Wednesday cut India's GDP growth forecast to 7.3 per cent in 2018, from its previous forecast of 7.5 per cent,
per cent.India likely retained the position of world's fastest growing major economy in the January-March quarter, surpassing China's
annual growth was 7.3 per cent, the best pace since July-September 2016, the quarter before the government unexpectedly scrapped high-value
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.56 per cent after slumping to its weakest since the start of April on
climbed 1.27 per cent.Foreign portfolio investors (FPIs) had net sold shares worth Rs
1,286.91 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs
492.46 crore on Wednesday, according to provisional data from the NSE.(With agency inputs)
