31st August 2010 Closing Market Updates 15:31

31st August 2010 Closing Market Updates  15:31

Market opened with gap down and after GDP data published, market plunged but at the closing bell volatile market recovered its early gains ended with minor losses.Nifty ended at 5397.50 with 17.95 points in negative and Sensex ended at 17948.80 losing 83.31 points.

Among BSE,FMCG Index gained the most by 1.54% and top loser was Consumer Durables Index with 2.29% loss.

In Nifty50 stocks,M&M was the top gainer with 3.06% gain and ended at 628 whereas JaiPrakash associates stood the top loser in Nifty50 stocks by 3.63% down and ended at 108.95.

Reliance was the turnover topper by value and Unitech by the traded quantity on NSE today.

Advance/ Decline ratio was negative by 2.61 :1 as 987 stocks declined whereas 377 stcoks gained today on NSE.

April-June quarter GDP growth at 8.8% vs 8.6% QoQ

The Gross Domestic Product (GDP) in India expanded at an annual rate of 8.60 percent in the last quarter. India Gross Domestic Product is worth 1296 billion dollars or 2.09% of the world economy, according to the World Bank. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of India's output with less than one third of its labor force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. This page includes: India GDP Growth Rate chart, historical data and news.

Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
India	4.50%	8.60%	13.73%	7.32%	-13	46.7650

Source : TradingEconomics