- Sensex fell 0.58% @18,682.31 pts; Nifty dropped 0.60 % @ 5,684.25 pts.
- NASDAQ was fell 1.01 %, Dow Jones Industrial Average was fell 0.06 %.
- Europe’s major indices CAC, FTSE & DAX were down 0.27 % - 0.56 %.
Sensex fell 109.62 pts @18,682.31 while Nifty fell 34.45 pts @5684.25. Indian shares reversed their previous day’s gains due to profit booking and sharp fall in the currency.Stocks like banking & financials, infrastructure, realty, metals and auto saw selling pressure. Today Indian rupee fell over 2% since yesterday; hit a low of 53.95 Vs USD.
8% GDP growth not easy, but not impossible
Citing uncertainty in global economic scenario, Prime Minister Manmohan Singh today said the government's endeavour to achieve 8 per cent annual growth will not be an easy task, even though it is not unattainable.
World stocks and crude oil fell on Friday as investors took a dim view of US corporate earnings after General Electric and McDonald's disappointed, while Europe's debt crisis and ongoing concerns about global growth also weighed on sentiment.
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