Sensex recorded higher at global markets on Friday on the Indian equity indexes. On Thursday, the increase were noted as June quarter GDP data that dissatisfied shareholders.
On Friday, Sensex raised by 50 points to 31,801, on the other hand, Nifty was noted at 20 points. In the April-June quarter, GDP or gross domestic product development declined three-year low of 5.7 per cent as contrast to 7.9 per cent in previous year quarter.
Economists predicted, In June quarter, the economy would raise at 6.6 per cent. On the other hand, Analysts ascribed the drop in GDP to destocking before the implementation of GST and a remaining impact of notes prohibition on use.
Sensex recorded 58 points at 31,788.38 at 9.30 am while Nifty noted 16 points higher at 9,934. In the list of Nifty, Dr Reddy’s Lab achieved highest points of up to 6.8 per cent at Rs. 2,157.70. Aurobindo Pharma, Sun Pharma and Lupin also achieved between 1.3-1.8 per cent enhancing the pharma sub-index of NSE 1.85 per cent high.
The top achievers in the list of Nifty were noted Gail India, Tata Motors, Bajaj Auto, Ambuja Cements, Tata Steel.
The major losers in the list of Nifty included TCS losing 1.56 per cent, HDFC, Hindustan Unilever and Wipro that drop between 0.5-1 per cent.