Markets end low, bank stocks end low

The Nifty ended at 10696.20, down 40 points, while the Sensex ended at 35227.26, down 95.12 points.

Government data showed that the Indian economy grew 7.7% in January-March, its quickest pace in nearly two years driven by higher growth in manufacturing, the farm sector and construction.

This might also strengthen expectations of an interest rate increase by the Reserve Bank of India (RBI) as its reviews monetary policy next week.

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