maithili01
Maithili Gupta
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Markets extended losses to the second day and closed 1.7% lower on Friday as concerns over a slowdown in the economy intensified after the finance ministry cut the country’s growth forecast for the current fiscal year.
The economy is likely to grow by between 7.25% and 7.75% in the fiscal year ending March, sharply lower than the original estimate of 9%, a mid-year review of the economy tabled by the finance minister in parliament showed.
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Markets extended losses to the second day and closed 1.7% lower on Friday as concerns over a slowdown in the economy intensified after the finance ministry cut the country’s growth forecast for the current fiscal year.
The economy is likely to grow by between 7.25% and 7.75% in the fiscal year ending March, sharply lower than the original estimate of 9%, a mid-year review of the economy tabled by the finance minister in parliament showed.
Want to know Mondays Nifty Trends & Targets /Stock to Buy on Monday 12 Dec SUBSCRIBE FOR FREE at NIFTY TIPS/STOCK TIPS