TIL Desk/Business/Mumbai/ The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade on Thursday as participants trimmed their positions, triggered by lower GDP numbers and core infrastructure sectors growth.
Trading sentiment suffered a setback after macroeconomic indicators such as GDP numbers and core sector growth showed that the country’s economic growth has slowed down.
India’s economic growth slowed to 7.1 per cent in 2016- 17, the year in which 87 per cent of the currency was demonetised, despite a very good showing by the agricultural sector.
The Gross Domestic Product (GDP) was 6.1 per in the January-March quarter, the immediate three months after the demonetisation was affected on November 9, 2016.
The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement productions, too dampened trading sentiment, brokers said.
