Nifty, Sensex end higher on cooling oil prices

Reuters New Delhi, Delhi, India Jan 10, 2020, 04.13 PM(IST)

File photo. Photograph:( Reuters )

Story highlights

Cooling crude propped up equities at the third-largest global oil consumer, with the blue-chip NSE Nifty 50 index hitting a record high during the session at 12,311.20.

Indian shares ended higher on Friday as easing US-Iran tensions pulled down oil prices, while investors awaited December quarter earnings from IT bellwether Infosys Ltd scheduled to be released later in the day.

Cooling crude propped up equities at the third-largest global oil consumer, with the blue-chip NSE Nifty 50 index hitting a record high during the session at 12,311.20.

The Nifty ended nearly 0.33 per cent higher at 12,256.80, while the benchmark Sensex jumped 0.36 per cent to 41,599.72. The Nifty and Sensex posted a weekly gain of 0.25 per cent and 0.33 per cent, respectively.

Coal India Ltd was the top gainer on the Nifty index, closing 3.69 per cent higher.

Shares of Yes Bank Ltd closed 5.39 per cent lower, the biggest loser on the Nifty after its independent director Uttam Prakash Agarwal said he was leaving the private sector lender, citing issues with fundraising and corporate governance.

Shares of IT giant Infosys Ltd closed 1.46 per cent higher ahead of its third-quarter results to be released later in the day.

Tata Motors Ltd shares closed 2.27 per cent higher after reporting a 1.3 per cent rise in December retail sales for Jaguar Land Rover.