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Sensex Trades Higher Post Q1 GDP Numbers

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Benchmark indices were trading higher, following easing of tensions on the India-China border and also post GDP Numbers.

Sensex Trades Higher Post Q1 GDP Numbers
 

The market took the growth numbers in its stride, though the contraction of 23.9 per cent in GDP, was worse than expected. The Nifty was trading with gains of 62 points, after a nearly 260 points drop seen on Monday.

Auto stocks were trading mixed ahead of numbers to be revealed later today. HeroMoto Corp and Eicher Motors were trading with gains, while Bajaj Auto was among the early losers.

Banking stocks were clearly weak in early trade, with ICICI Bank, Axis Bank and HDFC Bank among the early losers in trade.

Zee Entertainment, ONGC and GAIL were among the stocks that lost ground in early trade from the Nifty pack. Bharti Airtel, Hindalco and Grasim were among the early gainers in trade.

Meanwhile, most Asian markets were trading with marginal losses, even as Dow Futures pointed to flat openings for the US markets.

A better than expected Chinese manufacturing data, failed to cheer market sentiments across Asian.

Read more about: gdp sensex
Story first published: Tuesday, September 1, 2020, 9:52 [IST]
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