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Sensex, Nifty Likely To Open Higher Today After GDP Data Release (December 1)

by The Outlooker Web Desk
December 1, 2020
in National
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Sensex, Nifty Likely To Open Higher Today After GDP Data Release (December 1)
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Stock Market Today: At 8:00 am, the SGX Nifty futures traded 0.47% higher

Domestic stock markets are likely to start Tuesday’s session on a positive note, after the release of official macroeconomic data that showed the country’s GDP contracted a better-than-expected 7.5 per cent in the July-September period. The Singapore Exchange’s Nifty futures – an early indicator of the National Stock Exchange’s Nifty 50 benchmark index – rose 28.8 points, or 0.22 per cent, to touch 13,025.80 at the strongest level recorded ahead of the opening of Indian markets. At 8:43 am, the SGX Nifty futures traded 12.00 points or 0.09  per cent higher at 13,009.00.

Here are latest updates on the stock markets today (December 1): 

Market LIVE: SGX Nifty Above 13,000 Mark

At 8:43 am, the SGX Nifty futures traded 12.00 points – or 0.09  per cent – higher at 13,009.00.

Official data released after market hours on Friday showed the country’s gross domestic product (GDP) contracted a better-than-expected 7.5 per cent in the July-September period. 

Market LIVE Updates: Sensex, Nifty Likely To Open Higher

Domestic stock markets are likely to start Tuesday’s session on a positive note, resuming trade after a day’s holiday on account of Guru Nanak Jayanti. 

The Singapore Exchange’s Nifty futures – an early indicator of the National Stock Exchange’s Nifty 50 benchmark index – rose 28.8 points, or 0.22 per cent, to touch 13,025.80 at the strongest level recorded ahead of the opening of Indian markets. 

The Outlooker Web Desk

The Outlooker Web Desk

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