Indian markets opened lower on Thursday as the country's economic growth decelerated to its slowest level in six quarters in the April-June period.
The country recorded a fiscal deficit of Rs 3.93 lakh crore of the budget estimates for 2016-17.
Asian markets also opened lower on crude oil price slump. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.5%, while Nikkei was trading flat in early trade sessions.
BSE Sensex was trading down 0.11% to 28,420.51 points and Nifty 50 was trading down 0.09% to 8,778 points at 0945 hours.
Top five gainers on BSE were Hindustan Construction Co. (14.18%), KEC International (4.18%), Arvind Ltd (2.91%), Jubilant (2.87%) and Sadbhav Engineering Ltd (2.46%).
Among the losers were JaiPrakash associates (3.43%), GVK Power & Infrastructure Ltd (2.71%), Muthoot Finance (2.54%), Prestige (2.42%) and Max Financial Services Ltd. (2.18%).
Stocks in focus are Reliance ahead of its Annual General Meet which is scheduled to take place on Thursday. Shares of Reliance Industries were trading down 0.32% to Rs 1054.60 per share.
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