New York  - Stocks retreated on Wall Street Thursday after US economic growth was less than analysts had predicted.

The US economy grew at 1.9 per cent in the second quarter of 2008, the government said Thursday, shaking off an ongoing credit and housing crisis that had some predicting a recession in the first half of the year.

The gross domestic product (GDP) figure was up from a revised 0.9 per cent in the first quarter, but less than the 2.3 per cent economists had predicted for the world's largest economy, according to Bloomberg financial news.

After trading in lethargic manner since the opening bell, the Indian stock market eventually came down and lost 125.54 points to touch the low of 14,161.76.

Sensex continued to trade in negative terrain ahead of inflation declaration.

At 1:13 pm, the BSE Sensex lost 88.64 points at 14198.57, while NSE Nifty stood at 4299.80, 13.45 points.

The market experienced 1,179 advancements, 1,200 declinations while 82 remained unchanged.

Indian equities rallied by gaining around 500 points on Wednesday (July 30) on account of favorable worldwide signals, encouraging results and sharp buying action in banking, metal, IT and oil stocks.

BSE Midcap and Smallcap index gained 1.68% and 1.41% respectively.

After opening positively at 14,007.32, up 215.78 points, the BSE Sensex soon touched the high of 14,083.80.

Tokyo - Tokyo stocks gave up early gains and ended the morning trading lower Thursday, pressured by mounting worries about corporate earnings in Japan.

The Nikkei 225 Stock Average declined 78.93 points, or 0.59 per cent, to 13,288.86.

The broader Topix index of all first-section issues was down 12.62 points, or 0.97 per cent, to 1,290.37.

The Tokyo market opened higher after Wall Street's overnight gains, but investors' anxiety over Japanese firms' earnings later dampened the sentiment.

New York  - Major US stock indices rose Wednesday after a surge in oil prices led energy companies to their largest gains in six years, while the Federal Reserve said it would extend borrowing to investment banks.

Crude oil jumped 4.58 dollars to 126.77 dollars per barrel in New York trading as petrol inventories declined, sending an energy sector index up 5.6 per cent.

The 30-share index, BSE Sensex continued to trade strong on the back of strong worldwide markets, a sharp decline in crude oil rates and short-covering ahead of July series derivatives expiry.

All these positive signals helped several front line stocks to record handsome gains.

The stocks, which were beaten down after the central bank announced a rate hike got well to lead the rally.

At 12:37 pm, Sensex has gained 397.63 points at 14,189. 7, while the broad-based Nifty stood at 4290.40, up 100.55 points.