Equity shares edge up on economic recovery signs

The UK's biggest homebuilder jumped 4.5% to the top of the FTSE 100 index after it also posted a rise in forward six-month sales.
Investors were also awaiting U.S. non-farm payrolls data due later in the day to gauge the jobs market's health.
Equity shares edged higher (up 0.4%) on Tuesday following their best monthly gain since April, with sentiment lifted by a smaller-than-expected contraction in Asia's third-largest economy and broader optimism stemming from hopes for a COVID-19 vaccine.
Government data released after market hours on Friday showed Asia's third-largest economy contracted by 7.5% in the September quarter, versus an 8.8% contraction expected in a Reuters poll, amid signs of a pick-up in manufacturing.
Investors are now awaiting monthly auto sales data due later in the day. The Nifty Auto Index was flat in early trading. However, Bajaj Auto reported inline with expected November sales while Escorts announced lower than expected Nov. sales.
Stocks in momentum - ACC, Grasim, Tech Mahindra, Indiabull Housing, DLF, ABB Power, Sun Pharma and ICICI Lombard
"Investors are buying the end of an erratic Trump administration and looking forward to something new, which is a Biden presidency and the prospect of a significant spending programme," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.