Sensex, Nifty face loss, end lower ahead of GDP growth data
Indian shares ended lower on Friday, led by losses in state-owned banking and auto stocks, ahead of the government’s announcement of key economic data for the quarter to September.
The Nifty ended down 0.78% at 12,056.05 and the Sensex closed 0.82% lower at 40793.81. For the week, the indexes gained 1.19% and 1.08%, respectively.
On a monthly basis, Sensex gained 1.66% and Nifty was up 1.5% in November.
India’s economy was seen growing at 4.7% in the quarter ended Sept. 30, its weakest pace in more than six years, according to a Reuters poll published on Thursday.
The government is scheduled to release the GDP numbers later in the evening.
The public-sector bank index was the day’s biggest laggard in terms of sectors, dropping 1.73%, followed by the Nifty auto index, which fell 1.15%.
Bharti Infratel rose 7.68% and was the top gainer among Nifty stocks, while Zee Entertainment dropped 5.77% and was the biggest loser of the day.