Sensex tanks over 300 points on weak GDP, fading rate cut hopes
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| The S&P BSE Sensex continued to remain under pressure on Friday on the back of a weak rupee, even as GDP for fourth quarter grew at 4.8 per cent against 4.7 per cent in previous quarter. |
NEW DELHI: The S&P BSE Sensexcontinued to remain under pressure on Friday on the back of a weak rupee, even asGDP for fourth quarter grew at 4.8 per cent against 4.7 per cent in previous quarter.
It was marginally lower than ET Now poll estimate of 4.9 per cent. The GDP growth figure for Q3 has been revised to 4.7 per cent vs 4.5 per cent earlier.
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