Market Live: Sensex, Nifty Edge Higher Amid Volatile Trade Ahead of GDP Data but loses momentum.

Stock Market LIVE Updates: Market participants awaited official data on India’s gross domestic product (GDP) due after market hours for near-term triggers

Domestic stock markets started the last session of the week on a positive note, despite mild losses across Asia amid renewed doubts about a highly-anticipated coronavirus vaccine and concern about the economic impact from the pandemic. The S&P BSE Sensex index opened 65.29 points – or 0.15 per cent – higher at 44,325.03 and the Nifty began the day at 13,012.05, up 25.05 points – or 0.19 per cent – from its previous close. Market participants awaited official data on the country’s gross domestic product (GDP) due after market hours for near-term trigger.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last seen trading 0.07 per cent lower, while Japan’s Nikkei 225 benchmark was down 0.09 per cent.

Here are latest updates on the markets today:

Market LIVE: Nifty Bank Edges Lower
The Nifty Bank — which tracks stocks of 12 major lenders in the country, including State Bank of India, HDFC Bank and ICICI Bank — was down 0.14 per cent, having fluctuated between gains and losses. The 12-scrip index had moved within a range of 29,466.50-29,716.85, as against its previous close of 29,549.75.

Market LIVE Updates: Sensex Up Nearly 50 Points, Nifty Near 13,000 In Early Trade
At 9:20 am, the Sensex traded 49.23 points – or 0.11 per cent – higher at 44,308.97 while the Nifty was up 12.45 points – or 0.10 per cent – at 12,999.45.

Top Nifty Gainers :NTPC: +2.55% GAIL: +2.24% Tata Motors: +2.19% Britannia: +1.52% Asian Paints: +1.34%

Top Nifty Losers  Power Grid: -1.64% Hindalco: -1.07% JSW Steel: -0.75% Reliance Industries: -0.55%

Dr Reddy’s: -0.48%

Stock Market LIVE: Sensex Opens Over 50 Points Higher, Nifty Above 13,000
The S&P BSE Sensex index opened 65.29 points – or 0.15 per cent – higher at 44,325.03 and the Nifty began the day at 13,012.05, up 25.05 points – or 0.19 per cent – from its previous close.

Official GDP Data To Be Released Today

The country’s gross domestic product (GDP) likely to shraink 8.8 per cent in the July-September period, following a record contraction of 23.9 per cent in the previous quarter, economists in a poll by news agency Reuters forecast.

The economy is likely to have shown signs of a pick-up in the quarter to September after a record contraction the previous quarter, and is expected to recover early next year on hopes of better consumer demand fed by progress on corona virus vaccines.

Market LIVE: SGX Nifty Futures Rise 30 Points
The Singapore Exchange’s Nifty futures – an early indicator of the National Stock Exchange’s (NSE) Nifty 50 benchmark index – rose  59.1 points, or 0.45 per cent, to touch 13,061.80 at the strongest level recorded ahead of the opening of Indian markets.

Market opened positive but loses later..Bank stocks gain.

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