Sensex Trades Higher as Asian Markets Rally on Chinese GDP Data

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Asian markets rallied and the Sensex followed suit on the back of higher than expected GDP data from China.

The Sensex was trading higher by 92 points, while the Nifty rallied 31 points in trade. Leading the set of gainers from the Nifty and the Sensex were once again the banking stocks led by ICICI Bank, HDFC Bank, Punjab National Bank and State Bank of India.

Sensex Trades Higher as Asian Markets Rally on Chinese GDP Data
Sensex27,836.51Sensex Quote-254.91 [0.91%]
Nifty8,615.25Nifty Quote-76.05 [0.88%]
Hindustan Unilever continued to lose ground after a poor set of results. The stock lost 2 per cent in trade after losing almost 5 per cent on Monday. The company reported a poor set of volume numbers which upset the markets.

Shares in Tata Sponge Iron fell after the company reported a poor set of numbers. Mindtree was lower after a downgrade by a leading brokerage firm.

Mid cap stocks were also trading higher led by gains in Crisil, GSPL, Just Dial and MAX.

Real estate stocks were also in demand led by gains in DLF and Unitech. Meanwhile, markets across Asia were trading with gains, after Chinese data came in better than expected.

Read more about: sensex, nifty
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