Markets: Sensex up 70 points, Nifty holds 11,875.95 in the afternoon session

WION Web Team New Delhi, Delhi, India Dec 11, 2019, 02.04 PM(IST)

File photo. Photograph:( Reuters )

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At 2 pm, the BSE S&P Sensex was up by 70 points to 40,310.55 while the Nifty 50 ticked up by 18 points at 11,875.95. 

Indian stock market indices Sensex and Nifty on Wednesday traded marginally higher by the afternoon session due to bank, finance and metal sector.

At 2 pm, the BSE S&P Sensex was up by 70 points to 40,310.55 while the Nifty 50 ticked up by 18 points at 11,875.95. 

Meanwhile, the rupee has extended its morning gains and trading higher by 12 paise at 70.80 per dollar. It opened higher at 70.89 per dollar versus previous close 70.92.

Asian markets

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of Chinese goods planned for the weekend.

Negotiators are still trying to hammer out a mini agreement and the mood on trading floors remains upbeat, while most observers are confident the two sides will eventually reach a deal, which has fed a global equities rally for weeks.

However, a fresh round of levies on $160 billion of Chinese exports to the US is due to be imposed on December 15, and there has been no word from the White House on a possible delay to that date.

(With inputs from agencies)