INSUBCONTINENT EXCLUSIVE:
Zee Entertainment was top loser in the Nifty 50 basket of shares.The S-P BSE Sensex and NSE Nifty 50 indexes broke their two-day
record-breaking run on Friday ahead of the second quarter gross domestic product (GDP) data due later in the day
In a poll conducted by news agency Reuters, economists expect GDP growth to come in at 4.7 per cent in July-September, down from 5.0 per
cent in the previous quarter and 7 per cent in the three-month period till September 30, 2018
If the GDP growth rate falls below 5 per cent, that would be the weakest pace of economic growth in more than six years.The Sensex fell as
much as 466 points and the Nifty 50 index dropped as much as 134 points before.The Sensex ended 336 points or 0.8 per cent lower at 40,794
and NSE Nifty 50 index declined 0.78 per cent or 95 points to close at 12,056.Fifteen of 19 sector gauges compiled by BSE ended lower led by
the S-P BSE Energy index's 1.5 per cent fall
Auto, metal, capital goods, banking, healthcare, finance and information technology shares also witnessed selling pressure.On the other
hand, telecom and real estate shares witnessed buying interest.Mid- and small-cap shares outperformed their larger peers as the S-P BSE
MidCap index rose 0.2 per cent and the S-P BSE SmallCap index advanced 0.5 per cent.Zee Entertainment was top loser in the Nifty 50 basket
of shares, the stock fell 7.88 per cent to Rs 286.50
Reddy's Labs, Tata Motors, Mahindra - Mahindra, Yes Bank, Hindalco, Vedanta, State Bank of India, Sun Pharma and Reliance Industries were
also among the losers, down between 1.7-2.5 per cent each.Bharti Infratel, Adani Ports, Bharti Airtel, HDFC Bank, NTPC and GAIL India were
among the notables losers.Market breadth was negative as 1,341 shares ended lower while 1,220 closed higher on the BSE.
