Nifty may test 4900 levels; F&O expiry, GDP data eyed


31/05/2012 06:38 AST  The Economic Times

The 50-share Nifty index is expected to open lower on Thursday tracking weak Asian markets while investors will keep a close eye on GDP data, which will be out later today.

"India's annual economic growth probably held steady in the January-March quarter at 6.1 percent as compared to 7.8 percent for the quarter ended March 31, 2011," according to ET Now estimates

"Annual economic growth probably held steady in the January-March quarter at 6.1 per cent and the global economic slowdown, government policy paralysis and a record low currency suggest little chance of a pick up in the current quarter," said a Reuters report.

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