The Sensex is up 113.13 points or 0.4 percent at 27991.40 and the Nifty is up 33.50 points or 0.4 percent at 8510.80. About 1357 shares have advanced, 479 shares declined, and 85 shares are unchanged. Infosys, TCS, Tata Steel, Wipro and Vedanta are top gainers while GAIL, Coal India, Tata Motors and NTPC are among laggards in the Sensex.
Ratings agency Moody's has downgraded the country's 2015-16 gross domestic product (GDP) growth target to 7 percent, from 7.5 percent earlier. In its Global Macro Outlook report, the firm said it had slashed its growth outlook "in light of a drier than average monsoon" though it added that it expects GDP growth to go back to 7.5 percent in the next fiscal. Moody's Atsi Sheth, however, said that the forecast wasn't entirely driven by the ongoing weakness in monsoon. "We've looked high frequency data and what we see is that industrial recovery is proceeding but very slowly," she said.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment