GDP Grews 5.3%, Nifty Gain 0.70% ,Nifty Future Tips

According to analyst growth rate Slipped marginally in this period against last quarter, growth of service and manufacturing sector slipped as compared to last year. As compared to last year GDP (Gross domestic product) rate slips to 5.3%.

Indian GDP grew to 5.3% Vs 5.5% in first quarter of current financial year. The Nifty index rose and was hovering near 5800.00 as Q2 GDP data provides support. Auto, commodity, Metal, Energy, Finance, infrastructure, Pharma, Bank and Service sector were up move while FMCG, IT and realty sector was down.

Nifty was at 5865.50 up 0.70%, it touched high of 5874.55, low of 5827.85 today. Bank Nifty rose 1.12% traded at 12,127.25. 

Top Nifty Gainers are BHEL, IDFC, Jindal Steel, ONGC, BPCL. Ranbaxy, Hindustam Unilever, Coal India, Bajaj Auto and ACC are Top Nifty losers.

 Nifty stock Future Dec 27 2012 contract Ranbaxy down 2.23%, Hindustan Unilever down 1.39%, Coal India down 0.97%, ACC down 1.08%.

In Global Market, Australian Shares rallied 0.6% today, Asian shares rose to nine month high on Friday. The Japan’s Nikkei increased 7-month high as a weaker Yen.