Markets take a breather ahead of Q4 GDP data; broader markets outperform

M&M, Lupin, GAIL, Bharti Airtel gained the most on BSE Sensex

Benchmark indices took a breather after closing at record highs for the previous sessions tracking muted handover from Wall Street. Asian Markets were high as data showed China's factory activity grew at a steady clip this month, bucking expectations of a slowdown.
 
While monsoon rains hitting the Kerala coast kept the sentiment upbeat, the Street looked out for the March-quarter GDP numbers, to be announced later in the day.
 
At 12:39 pm, the S&P BSE Sensex was trading at 31,188, up 28 points, while the broader Nifty50 was ruling at 9,629, up 5 points.
 
In the broader