Nifty broke the 4700 mark and wiped out all of Saturday's gains on the back of sell-off across all the sectors. Oil & gas, technology, metal and financial shares were the major losers.
The government estimated FY10 advance gross domestic product (GDP) at 7.2% as against 6.7% while the poll of economists saw at 7%. It sees fiscal gap at 6.5%. Manufacturing growth estimated at 8.9% versus 3.2%; mining growth at 8.7% versus 1.6%; construction growth at 6.5% versus 5.9% and industry growth at 8.2% versus 3.9%, on year-on-year basis, (YoY).
Full Story: Nifty breaks 4700 on FY10 GDP estimates; oil & gas dip - Moneycontrol.com
The government estimated FY10 advance gross domestic product (GDP) at 7.2% as against 6.7% while the poll of economists saw at 7%. It sees fiscal gap at 6.5%. Manufacturing growth estimated at 8.9% versus 3.2%; mining growth at 8.7% versus 1.6%; construction growth at 6.5% versus 5.9% and industry growth at 8.2% versus 3.9%, on year-on-year basis, (YoY).
Full Story: Nifty breaks 4700 on FY10 GDP estimates; oil & gas dip - Moneycontrol.com
