INSUBCONTINENT EXCLUSIVE:
Reliance Industries, ICICI Bank and Kotak Bank were the top drags on the SensexDomestic stock markets started Friday's session on a lower
note, after benchmark indices S-P BSE Sensex and NSE Nifty ended at record closing highs for two straight days
The Sensex index fell as much as 168.58 points to hit 40,961.59 on the downside in early deals, and the broader Nifty benchmark declined to
as low as 12,108.15, down 43 points from the previous close
the release of official data on gross domestic product (GDP) due after market hours.At 9:23 am, the Sensex traded 107.54 points - or 0.26
per cent - lower at 41,022.63, while the Nifty was down 29.55 points - or 0.24 per cent - at 12,121.60.Twenty four stocks on the Nifty 50
Industries, down between 0.85 per cent and 4.50 per cent.Reliance Industries, ICICI Bank and Kotak Bank were the top drags on the Sensex.On
the other hand, Yes Bank, Zee Entertainment, UltraTech Cement, Bharat Petroleum and Coal India - trading between 0.70 per cent and 3.93 per
cent higher - were the top percentage gainers on Nifty.The government will GDP data for the quarter ended September 30 at 5:30 pm.Economists
in a poll conducted by news agency Reuters expect the economy to register a growth of 4.7 per cent in the quarter
If that prediction comes true, it would mark the slowest pace of economic expansion since March 2013.In recent months, the government has
taken a slew of measures to revive growth and spur consumer demand, including a reduction in corporate taxes, the setup of a real estate
fund and a mega merger of state-run banks.On Thursday, the S-P BSE Sensex index had risen 109.56 points (0.27 per cent) to end at a record
closing high of 41,130.17, and the broader NSE Nifty benchmark settled at a record 12,151.15, up 50.45 points (0.42 per cent) from the
