Faster GDP recovery, healthy fund flows lift markets (Roundup)

Mumbai, Dec 1 : Better-than-expected recovery in Q2FY21 GDP, along with healthy GST collection numbers as well as in-line automobile sales’ figures, pushed the Indian equity markets higher on Tuesday.
Besides, healthy foreign fund inflows too lifted the markets higher.
Data regarding FII and FPI trading activity on BSE, NSE & MSEI in Capital Market Segment showed Rs 3,242 crore flowing in.
Globally, Asia-Pacific and European markets rose on the back of encouraging Chinese factory data prompted investors to look ahead to a global economic recovery.
Back home, consistent FII inflow along with hopes of accelerated development and roll-out of an anti-Covid-vaccine supported the market’s northward trajectory.
Among sectors, realty and PSU banks, IT, pharma, media and metals’ stocks rallied.