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Indian benchmark indices close positive on Friday

| | Sep 01, 2017, at 11:35 pm
Mumbai, Sep 1 (IBNS): The Indian market manged to close positive on Friday, the below expectations June quarter GDP growth notwithstanding, according to media reports.

Positive global cues and the auto and pharma stocks were largely responsible for the benchmark indices closing higher.

BSE Sensex was up 161.74 points at 31,892.23 and NSE Nifty was up 56.50 points at 9,974.40.

The country's April-June quarter's GDP growth was at a 13-quarter low, the media reported on Thursday.

Official data also showed that eight core sectors suffered a degrowth of 2.4 per cent.

On Friday, the top gainers were Dr Reddy's Labs, Aurobindo Pharma, Asian Paints, Bajaj Auto, Tata Motors and Tata Steel while TCS, Idea Cellular, Bharti Airtel, Powergrid Corp, HDFC, Tech Mahindra, Wipro and Cipla declined.

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