Benchmark indices the BSE Sensex and NSE Nifty snapped a three-day losing streak on Friday on account of buying in frontline blue chip counters, taking cues from Asian counterparts.
Benchmark indices the BSE Sensex and NSE Nifty snapped a three-day losing streak on Friday on account of buying in frontline blue chip counters, taking cues from Asian counterparts. Sentiments also got a boost after the Economic Survey said the government will likely meet its FY16 fiscal deficit target of 3.9 per cent, while at the same time it also indicated that India’s long run potential GDP growth is substantial, about 8 to 10 per cent.
Sensex closed 178.30 points up at 23,154.30, while Nifty settled 59.15 points up at 7,029.75.
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• GSFC reported weak numbers for this quarter, Income down 3% at 1540.3 cr, EBITDA down 50% at 97 cr, PAT down 37% at 79.2 cr.Commodity tips
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