Good capital inflows from foreign funds also boosted the market sentiment. Also, foreign institutional investors bought shares worth a net Rs 745.16 crore, according to provisional data from the stock exchanges.
The latest domestic data showing Gross Domestic Product (GDP) growing by 4.8 percent in September quarter supported domestic bourses. The Sensex resumed lower at 20,771.27, but recovered immediately to 20,893.99 before quoting at 20,892.29 at 1030 hrs, showing a gain of 100.36 points or 0.48 percent from its last weekend's level.
The NSE 50-share Nifty also moved up by 32.70 points or 0.53 percent to 6,208.80 at 1030 hrs. Major gainers were Jindal Steel (2.75 percent), ICICI
Bank (2.59 percent), BHEL (2.40 percent), Larsen (1.40 percent), Bharti Airtel (1.21 percent), Tata Power (1.13 percent), Coal India (1.03 percent) and Reliance Ind (0.97 percent).
Most Asian stocks gained in early trade after Chinese manufacturing growth beat analyst estimates in November. Key benchmark indices in Indonesia, Singapore, Hong Kong and Taiwan were up 0.07 percent to 0.97 percent while indices in China, South Korea, and Japan were down 0.2 percent to 1.65 percent.


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