Sensex, Nifty end higher as US-China trade hopes lift investor sentiment

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

Reuters Bengaluru, Karnataka Nov 27, 2019, 04.24 PM (IST)

Indian shares ended higher on Wednesday tracking global equity markets, as upbeat comments by US President Donald Trump that Washington and Beijing were in the final throes of an initial trade deal stoked risk appetite.

The Nifty closed up 0.5 per cent at 12,100.70, while the benchmark Sensex was also 0.5 per cent higher at 41,020.60.

The biggest gainers on the Nifty were Yes Bank Ltd, up 8.08 per cent, UltraTech Cement Ltd higher by 2.96 per cent and State Bank of India gaining 2.4 per cent.

Auto stocks led gains in the Nifty as their main sub-index rose 1.30 per cent.

Shares of Tata Motors advanced 4.22 per cent, while Maruti Suzuki climbed 2.40 per cent.

The biggest laggards on the Nifty were Bharti Infratel Ltd, Cipla Ltd and Larsen & Toubro Ltd.

Bharti Infratel fell 3.16 per cent, Cipla Ltd was down 2.02 per cent, while Larsen & Toubro Ltd lost 2.02 per cent.

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The Nifty closed up 0.5 per cent at 12,100.70, while the benchmark Sensex was also 0.5 per cent higher at 41,020.60.