Shares of the Reliance Industries surged after Goldman Sachs upgraded the company status to buy from neutral. At 3.35 pm IST shares of the company were higher at Rs 845.65 up by 12.50 points or 1.50%.
Government revised the GDP growth estimate to 6.9% from 8.4% last year, which is slowest in three years.
At 3.40 pm IST, the 30-share BSE Sensex was trading at 17622.45 down by 84.86 points or 0.48% and NSE Nifty was trading at 5335.15 down by 26.50 points or 0.49%.
Among sectoral indices on BSE, sectors were trading in mixed terrain. Oil and gas, Bankex, Consumer Durables, FMCG were leading the rally.
While on the losing side, the sectors failed to lure investors were Realty, Consumer Goods and Power
On the National Stock Exchange (NSE), the top volume gainers were Kotak Bank, Cairn, ITC, Reliance and Ranbaxy posted gains between 1.40%-2.63%.
And the loser in today trade were Bhel, JP Associates, Tata Steel, Reliance Communication and M&M.