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Markets held on to the gains scaled in morning deals as investors acknowledged better-than-expected second quarter GDP numbers released on Friday post market hours. On monday, an uptick in manufacturing activity for the month of november, according to HSBCs' Markit PMI data, boosted the sentiment too.
After contracting for three consecutive months, manufacturing activity saw an uptick in November, according to the widely-tracked HSBC Purchasing Managers’ Index (PMI).
The HSBC Manufacturing PMI, compiled by Markit, rose to 51.3 in November from October's 49.6, the highest since March and its first time above the watershed level of 50 that divides growth from contraction in four months.
Consumer goods was the best performer among other sub-sectors.
This data comes few days after the Gross Domestic Product (GDP) data for the second quarter this year pointed to a slight uptick compared to the previous quarter. India's economic activity expanded 4.8% in September quarter from 4.4% in the July quarter, official data had shown on Friday.
The 30-share BSE Sensex index closes 109 points at 20,900 and the 50-share Nifty was up 42 points at 6,218.
