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Thursday, May 31, 2012

Nifty tips/Stock tips tomorrow 1 June

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Nifty provisional end 4939.40, down 11.35 pts or 0.2%, Sensex provisional end 16268.10, down 44.05 pts or 0.3%

The markets recovered in the last half-an-hour to close with only moderate losses. Auto was the biggest looser in today's session and banking, consumer durables and capital goods, too, lost significantly. Realty, IT and tech supported the indices well.

Growth dips to 5.3%, lowest in 9 years

India's economic growth rate slipped to 5.3 per cent in the fourth quarter of 2011-12, lowest in nearly 9 years due to poor performance of the manufacturing and farm sectors.

The gross domestic product growth in the January-March quarter of 2010-11 was 9.2 per cent, according to the government data released on Thursday.