Markets Trade Higher Post GDP Numbers

Indian markets opened the day higher, following the selling witnessed on Friday, ahead of the GDP numbers, which came at a mere 4.5 per cent. Despite poor GDP numbers, markets were higher as the number did not come as a shocker.

Asian markets were trading higher led by the Hong Kong's Hang Sang and the Japanese Nikkei. The Dow Futures were also pointing to robust gains, which pushed indices higher.
The Sensex was trading with gains of 142 points, while the Nifty was higher by 31 points.

Shares in Yes Bank gained 1 per cent, after the company's board of directors proposed a placement of shares on preferential basis to a number of investors.

Shares in RBL Bank too jumped after the bank approved raising funds via the preferential route. Tata Motors saw a drop in its share price as total domestic sales were down 25% at 38,057 units versus 50,470 units, year-on-year.

Shares in Jagran Prakashan jumped 10 per cent, after the company said that the board would meet to consider a proposal for buyback of shares.

Reliance Industries saw its share price gain 3 per cent, following the possibility of an upward revision in call rates for its mobile service charges. This was one stock that was propelling the indices today.