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Strong Q2 GDP data and Core Sector growth lifted Nifty to record High:

· Equity benchmark index climbed up nearly 1% to record high of 20,280. The surge in the index is attributed to the faster-than-expected India GDP growth in the September quarter. Domestic economy expanded by 7.6%, surpassing the Reserve Bank of India's estimate of 6.5%. Moreover, strong October core sector growth to above 12%, persistent FIIs buying interest and stable oil price boosted market sentiment. Defense, power & energy, realty and PSU banks are major gainers today.

· Power and power finance stocks like PFC, REC, NTPC, gained between 3-7% on account October Electricity consumption reported at 20% growth vs 9.90% grew previous month 

· Defence stocks lie HAL, BDL, BEL gained between 2-4%  after Government approved  worth Rs2.23 lakh crore for the armed forces

· PSU Banks are witnessing fresh buying after a recent correction. Good quarterly results and improved asset quality have Good impact on PSU banks