Indian Indices Open Strong After Q2 GDP Data; Reliance Capital Down 4%

In line with gains in the Asian markets and SGX Nifty, Indian indices started the first day of the trading week to December 4, 2020 on a positive note. Nifty was up 0.2% at 12995, while Sensex gained 0.30% to 44217. Also, broader markets were trading higher and India VIX cooled off by

Auto stocks shall be in focus today and there is expected a decline in PV and two-wheeler sales for most auto-majors.

Also a reaction to the GDP of Q2 shall be watched out for, which on a pick up in manufacturing posted better numbers as against expectations.

As per a Fitch report, Vi may lose 70 million subscribers and on the news, the stock tumbled by a tad of 0.41 percent to Rs. 9.77.

Also, Reliance Capital which defaulted on loan repayment to Axis Loans and HDFC, which resulted in the scrip losing by almost 4% on the NSE.

Meanwhile all of the Asian indices traded higher including Australia's ASX and Japan's Nikkei up almost 1.5 percent at the time of writing this copy.

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