Nifty dips below 6K; Sensex tanks over 450 pts on lower GDP figure
Zee Media Bureau
Mumbai: The BSE benchmark Sensex fell by over 450 points in closing hour of trade Friday on selling by funds as well as retail investors after the country's economic growth declined to a decade low of 5 percent.
The 30-share barometer after losing over 150 points in early trade, fell further by 459 points to trade at 19,755 points.
Similarly, the wide-based National Stock Exchange index Nifty declined by 139 points to 5,984.
Trading sentiment dampened on weak GDP growth, which fell to a decade low, and RBI Governor D Subbarao saying yesterday that central bank is concerned about the country's wide current account deficit (CAD) and still-high retail inflation.
India's economic growth rate declined to a decade low of 5 percent in 2012-13. The growth slowed to 4.8 percent in January-March quarter of 2012-13 compared to 5.1 percent in the same period previous fiscal.
With PTI Inputs