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Sensex Ends 110 Points Lower, Nifty Slips To 12,969 Ahead Of GDP Data

Analysts awaited official GDP data due later in the day.
Analysts awaited official GDP data due later in the day.

Domestic stock markets took a breather a day after benchmark indices jumped 1 per cent, as investors weighed the prospect of COVID-19 vaccines against global economic slowdown. The S&P BSE Sensex index fell 264.33 points, or 0.60 per cent, to 43,995.41 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark declined to as low as 12,914.30, shedding 72.7 points, or 0.56 per cent, from its previous close. Selling pressure in IT, energy and infrastructures shares outweighed buying interest in automobile and PSU bank stocks. Analysts awaited official data on the country's gross domestic product (GDP), due later in the day, for near-term cues. (Key Stocks To Watch Today)

Economic activity in the country likely picked up in July-September after a record 23.9 per cent contraction the previous quarter. Economists in a poll by news agency Reuters forecast GDP to shrink 8.8 per cent, a contraction that would still amount to a technical recession.

Both indices registered their second best monthly performance so far this year.

Here are highlights of Friday's trading session: