INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Friday's session on a higher note, after two days of losses
The SP BSE Sensex index rose as much as 142.42 points to 39,123.85 in early trade, and the broader NSE Nifty moved to 11,759.95, up 35.2
points from the previous close
Gains in banking, financial services and energy stocks supported the markets, however weakness in information technology stocks kept the
Motors, Bharti Infratel, Bharti Airtel, ONGC and Maruti Suzuki India, trading between 1.25 per cent and 2.56 per cent higher, were the top
economy appears to have slowed down slightly in 2018-19, the Department of Economic Affairs said in its economic report for March
The factors responsible for this slowdown include declining growth of private consumption, tepid increase in fixed investment, and muted
exports, it noted.In the report released on Thursday, the department also said the current account deficit as a percentage of GDP is set to
expected to be around 6.5 per cent in the fourth quarter, and 7 per cent for FY19, while fiscal deficit is seen at 3.4 per cent of GDP, it
noted.Equities in other Asian markets were subdued amid light trading volumes with the China and Japan markets still closed for
slipped 0.3 per cent.Overnight on Wall Street, major indexes gave up initial gains and closed in the red, weighed down by energy
shares.(With inputs from Reuters)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
