Indian shares ended higher for a third straight session on Wednesday, boosted by metal stocks and on hopes of more monetary stimulus to cushion the economic blow from the coronavirus outbreak.

The <a href="https://www.wionews.com/business-latest-breaking-budget-news-after-Budget-Sensex-rises-over-260-in-early-trade">Nifty </a>closed up 0.91 per cent&nbsp;to 12,089.15 and the benchmark&nbsp;<a href="https://www.wionews.com/business-latest-breaking-budget-news-after-Budget-Sensex-rises-over-260-in-early-trade">Sensex&nbsp;</a>ended 0.87&nbsp;per cent&nbsp;higher at 41,142.66.

Also read: <a href="https://www.wionews.com/india-news/latest-india-news-virus-outbreak-delays-indias-cotton-exports-to-china-278865">Virus outbreak delays India's cotton exports to China</a>

Market focus will shift to RBI on Thursday as it will detail its interest rate decision, the first one after the union budget that did little to boost investor sentiment.

Rising inflation in Asia's third-largest economy was expected to keep the Reserve Bank of India from cutting rates again until late this year, according to a Reuters poll published last month.

Also read: <a href="https://www.wionews.com/business-economy/latest-business-news-oil-falls-1-as-demand-fears-outweigh-hopes-for-bigger-opec-cuts-278841">Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts</a>

Meanwhile, the People's Bank of China is likely to lower its key lending rate the loan prime rate on February&nbsp;20, and cut banks' reserve requirement ratios in the coming weeks, policy sources told Reuters.

The Nifty metals index closed 2.74&nbsp;per cent&nbsp;higher and led gains among the domestic sectors.

Tata Motors was the biggest gainer, finishing up 10.89&nbsp;per cent&nbsp;after recording its best intra-day gain since October last year.

Zee Entertainment was the biggest laggard, falling 7.3 per cent.

Indian shares ended higher for a third straight session on Wednesday, boosted by metal stocks and on hopes of more monetary stimulus to cushion the economic blow from the coronavirus outbreak.

Indian shares ended higher for a third straight session on Wednesday, boosted by metal stocks and on hopes of more monetary stimulus to cushion the economic blow from the coronavirus outbreak. The Nifty closed up 0.91 per cent to 12,089.15 and the benchmark Sensex ended 0.87 per cent higher at 41,142.66. Also read: Virus outbreak delays India's cotton exports to China Market focus will shift to RBI on Thursday as it will detail its interest rate decision, the first one after the union budget that did little to boost investor sentiment. Rising inflation in Asia's third-largest economy was expected to keep the Reserve Bank of India from cutting rates again until late this year, according to a Reuters poll published last month. Also read: Oil falls 1% as demand fears outweigh hopes for bigger OPEC+ cuts Meanwhile, the People's Bank of China is likely to lower its key lending rate the loan prime rate on February 20, and cut banks' reserve requirement ratios in the coming weeks, policy sources told Reuters. The Nifty metals index closed 2.74 per cent higher and led gains among the domestic sectors. Tata Motors was the biggest gainer, finishing up 10.89 per cent after recording its best intra-day gain since October last year. Zee Entertainment was the biggest laggard, falling 7.3 per cent.

Sensex, Nifty end higher as metals advance; rate decision eyed

Indian stock indexes closed higher on Monday, as auto and consumer shares gained and helped the markets recover from the previous session's bruising selloff as a reaction to the federal budget.

The broader NSE <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Nifty </a>50 index ended 0.39 per cent&nbsp;higher at 11,707.90, while the benchmark S&amp;P BSE <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Sensex</a> closed 0.34 per cent higher at 39,872.31.

Stock indexes fell on Saturday to their lowest closing level in more than three months after the budget failed to address key concerns among investors over taxes on long-term capital gains.

Also read: <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Nifty, Sensex end lower ahead of budget; energy stocks lead losses</a>

On Monday, the Nifty Auto index gained 1.37 per cent, and shares in the country's top automaker <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Maruti Suzuki</a> Ltd rose 2.9 per cent, while those in peers <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Bajaj Auto</a> and Mahindra and Mahindra gained 4.5 per cent and 2.5per cent respectively.

Consumer goods stocks also gained after the budget introduced tax cuts for individual taxpayers, a move aimed at providing more disposable income for consumers.

Consumer products maker <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Hindustan Unilever</a> Ltd jumped 5 per cent, while cookie maker <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Britannia Industries</a> Ltd climbed 4.3 per cent.

However, hotels-to-cigarettes conglomerate <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">ITC</a> Ltd slid 5.2&nbsp;per cent&nbsp;after the budget proposed raising taxes on cigarettes.

Meanwhile, world shares sank to their lowest in seven weeks, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in <a href="https://www.wionews.com/business-economy/latest-business-news-coronavirus-outbreak-chinese-stock-market-suffers-a-setback-of-393-billion-278337">China</a>.

Indian stock indexes closed higher on Monday, as auto and consumer shares gained and helped the markets recover from the previous session's bruising selloff as a reaction to the federal budget.

Indian stock indexes closed higher on Monday, as auto and consumer shares gained and helped the markets recover from the previous session's bruising selloff as a reaction to the federal budget. The broader NSE Nifty 50 index ended 0.39 per cent higher at 11,707.90, while the benchmark S&P BSE Sensex closed 0.34 per cent higher at 39,872.31. Stock indexes fell on Saturday to their lowest closing level in more than three months after the budget failed to address key concerns among investors over taxes on long-term capital gains. Also read: Nifty, Sensex end lower ahead of budget; energy stocks lead losses On Monday, the Nifty Auto index gained 1.37 per cent, and shares in the country's top automaker Maruti Suzuki Ltd rose 2.9 per cent, while those in peers Bajaj Auto and Mahindra and Mahindra gained 4.5 per cent and 2.5per cent respectively. Consumer goods stocks also gained after the budget introduced tax cuts for individual taxpayers, a move aimed at providing more disposable income for consumers. Consumer products maker Hindustan Unilever Ltd jumped 5 per cent, while cookie maker Britannia Industries Ltd climbed 4.3 per cent. However, hotels-to-cigarettes conglomerate ITC Ltd slid 5.2 per cent after the budget proposed raising taxes on cigarettes. Meanwhile, world shares sank to their lowest in seven weeks, dragged down by a plunge in Asian stocks on their first trading day after a long break on fears the coronavirus epidemic would hit demand in China.

Sensex, Nifty close higher after budget-driven slide; consumer stocks shine

Finance Minister of India, Nirmala Sitharaman today slashed the personal income tax rate for individuals for the fiscal year 2020-21. Under the new regime, taxpayers will pay 10%, 15%, 20% and 25% for incomes between Rs 5-7.5 lakh, Rs 7.5-10 lakh, Rs 10-12.5 lakh and Rs 12.5-15 lakh.

Watch In-depth Analysis of Budget 2020

Indian retail and institutional investors shied away from domestic equity markets last year as a slowing economy ate into stock valuations and earnings. Their purchases of equity mutual funds in 2019 were the lowest in three years.

Data from the Association of Mutual Funds in India (AMFI) showed local investors bought a net 712.7 billion rupees&nbsp;in equity funds last year, a 36 per cent&nbsp;fall from 2018, and the lowest net purchase since 2016.

The drop in domestic investment was due to worries over the economy which is forecast to grow at its slowest pace in 11 years in the current fiscal year ending March, analysts said.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/sharp-slwodown-in-india-a-drag-on-world-economy-275527">Sharp slowdown in India drag on the world economy, says IMF</a>

Purchases of mutual funds by domestic investors have traditionally been a support for the Indian stock market, particularly in recent years as concerns over the country's accelerating consumer prices, rising global yields and a falling rupee caused overseas investments to turn fickle.

Foreigners made cumulative purchases of 2.97 trillion rupees worth of Indian stocks in the last five years, less than the 3.5 trillion rupees bought by domestic investors, data from Refinitiv Eikon and Central Depository Services Ltd showed.

Investors who normally conduct large transactions in equity mutual funds have been taking out their money in recent months, said Deepak Jasani, head of retail research at HDFC Securities Ltd.

Also read: <a href="https://www.wionews.com/business-economy/india-can-end-up-with-5-real-gdp-growth-this-fiscal-chairman-of-pms-economic-advisory-council-277423">India can end up with 5% real GDP growth this fiscal: Chairman of PM's Economic Advisory Council</a>

The redeemed money "is instead being used to buy debt products or used for individual&nbsp;business&nbsp;needs," he said.

The AMFI data showed debt funds witnessed an inflow of 696.9 billion rupees last year, compared with outflows worth 349.9 billion rupees in 2018.

India's NSE Nifty 50 index has fallen more than 1 per cent&nbsp;so far this year, however, some analysts said government reforms and lower interest rates could lift the market.

Also read: <a href="https://www.wionews.com/business-economy/latest-business-news-nifty-sensex-end-lower-ahead-of-budget-energy-stocks-lead-losses-277789">Nifty, Sensex end lower ahead of budget</a>

The Nifty index gained 12 per cent last year, helped by a rally after the government cut the corporate tax rate in September.

The government is likely to cut tax on long-term capital gains from equity investments in its next budget, in an attempt to boost economic growth, Reuters reported in December.

Finance Minister <a href="https://www.wionews.com/business-economy/finance-minister-nirmala-sitharaman-tables-economic-survey-in-parliament-gdp-growth-projected-at-6-65-for-2020-21-277715">Nirmala Sitharaman</a> will present the budget for the 2020-21 fiscal year on February&nbsp;1.

Indian retail and institutional investors shied away from domestic equity markets last year as a slowing economy ate into stock valuations and earnings. Their purchases of equity mutual funds in 2019 were the lowest in three years.

Indian retail and institutional investors shied away from domestic equity markets last year as a slowing economy ate into stock valuations and earnings. Their purchases of equity mutual funds in 2019 were the lowest in three years. Data from the Association of Mutual Funds in India (AMFI) showed local investors bought a net 712.7 billion rupees in equity funds last year, a 36 per cent fall from 2018, and the lowest net purchase since 2016. The drop in domestic investment was due to worries over the economy which is forecast to grow at its slowest pace in 11 years in the current fiscal year ending March, analysts said. Also read: Sharp slowdown in India drag on the world economy, says IMF Purchases of mutual funds by domestic investors have traditionally been a support for the Indian stock market, particularly in recent years as concerns over the country's accelerating consumer prices, rising global yields and a falling rupee caused overseas investments to turn fickle. Foreigners made cumulative purchases of 2.97 trillion rupees worth of Indian stocks in the last five years, less than the 3.5 trillion rupees bought by domestic investors, data from Refinitiv Eikon and Central Depository Services Ltd showed. Investors who normally conduct large transactions in equity mutual funds have been taking out their money in recent months, said Deepak Jasani, head of retail research at HDFC Securities Ltd. Also read: India can end up with 5% real GDP growth this fiscal: Chairman of PM's Economic Advisory Council The redeemed money "is instead being used to buy debt products or used for individual business needs," he said. The AMFI data showed debt funds witnessed an inflow of 696.9 billion rupees last year, compared with outflows worth 349.9 billion rupees in 2018. India's NSE Nifty 50 index has fallen more than 1 per cent so far this year, however, some analysts said government reforms and lower interest rates could lift the market. Also read: Nifty, Sensex end lower ahead of budget The Nifty index gained 12 per cent last year, helped by a rally after the government cut the corporate tax rate in September. The government is likely to cut tax on long-term capital gains from equity investments in its next budget, in an attempt to boost economic growth, Reuters reported in December. Finance Minister Nirmala Sitharaman will present the budget for the 2020-21 fiscal year on February 1.

Indian investors eschew equity funds as economy falters

Indian shares gave up early gains to settle lower on Friday, dragged down by energy stocks, a day ahead of the federal budget that comes amid the country's worst economic slowdown in a decade.

The NSE <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-on-coronavirus-fears-metals-drag-277556">Nifty </a>50 index ended 0.61 per cent lower at 11,962.12, while the S&amp;P BSE <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-on-coronavirus-fears-metals-drag-277556">Sensex </a>closed 0.47 per cent weaker&nbsp;at 40,723.49.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/sharp-slwodown-in-india-a-drag-on-world-economy-275527">Sharp slowdown in India drag on the world economy, says IMF</a>

The Nifty on Friday closed below the 12,000 level for the first time since December&nbsp;12, ending the month 1.70 per cent&nbsp;lower.

Markets have been volatile ahead of the 2020-2021 budget on February&nbsp;1, when Prime Minister <a href="https://www.wionews.com/videos/eu-defers-anti-caa-resolution-vote-relief-for-modi-govt-277447">Narendra Modi'</a>s government is expected to raise spending on infrastructure and cut some personal tax, to spur consumer demand and investment, government sources and economists have said.

Indian stock markets will be open for trading on Saturday on account of the budget, but debt and forex markets will remain shut.

Record profit from India's largest lender State Bank of India (SBI) failed to lift sentiment as energy stocks fell sharply, led by a 2.2&nbsp;per cent drop in <a href="https://www.wionews.com/business-economy/mukesh-ambanis-reliance-posts-record-profit-on-consumer-strength-274936">Reliance </a>Industries Ltd, the country's biggest company by market value.

The Nifty energy index shed 2.66 per cent, marking its worst day since early September, as oil prices were set for a fourth consecutive weekly loss on Friday.&nbsp;

Shares in <a href="https://www.wionews.com/business-economy/slowdown-in-india-expected-to-hit-job-sector-sbi-report-274275">SBI </a>ended 2.5&nbsp;per cent firmer, while those in private-sector lender <a href="https://www.wionews.com/business-economy/kotak-mahindra-bank-q4-profit-rises-14-to-rs-2038-crore-214769">Kotak Mahindra</a> Bank gained 3.9 per cent after the central bank eased rules around the shareholding of its billionaire-founder.

Indian shares gave up early gains to settle lower on Friday, dragged down by energy stocks, a day ahead of the federal budget that comes amid the country's worst economic slowdown in a decade.

Indian shares gave up early gains to settle lower on Friday, dragged down by energy stocks, a day ahead of the federal budget that comes amid the country's worst economic slowdown in a decade. The NSE Nifty 50 index ended 0.61 per cent lower at 11,962.12, while the S&P BSE Sensex closed 0.47 per cent weaker at 40,723.49. Also read: Sharp slowdown in India drag on the world economy, says IMF The Nifty on Friday closed below the 12,000 level for the first time since December 12, ending the month 1.70 per cent lower. Markets have been volatile ahead of the 2020-2021 budget on February 1, when Prime Minister Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax, to spur consumer demand and investment, government sources and economists have said. Indian stock markets will be open for trading on Saturday on account of the budget, but debt and forex markets will remain shut. Record profit from India's largest lender State Bank of India (SBI) failed to lift sentiment as energy stocks fell sharply, led by a 2.2 per cent drop in Reliance Industries Ltd, the country's biggest company by market value. The Nifty energy index shed 2.66 per cent, marking its worst day since early September, as oil prices were set for a fourth consecutive weekly loss on Friday. Shares in SBI ended 2.5 per cent firmer, while those in private-sector lender Kotak Mahindra Bank gained 3.9 per cent after the central bank eased rules around the shareholding of its billionaire-founder.

Nifty, Sensex end lower ahead of budget; energy stocks lead losses

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday.

The NSE <a href="https://www.wionews.com/business-economy/nifty-closes-at-12130-tata-motors-top-performer-277344">Nifty</a> 50 index closed down 0.77 per cent&nbsp;at 12,035.80, while the S&amp;P BSE&nbsp;<a href="https://www.wionews.com/business-economy/nifty-sensex-fall-for-second-day-as-china-virus-fears-persist-277102">Sensex&nbsp;</a>ended 0.69 per cent lower at 40,913.82.

Also read: <a href="https://www.wionews.com/india-news/coronavirus-outbreak-in-india-kerala-reports-first-confirmed-case-277500">Coronavirus: First confirmed case in India, Kerala student tests positive</a>

India reported its first case of the new coronavirus on Thursday, saying a student in Kerala had tested positive for the virus that originated in <a href="https://www.wionews.com/videos/coronavirus-death-toll-rises-to-170-in-china-277445">China</a> and has killed 170 people so far.

Investor fears of the impact of the fast-spreading virus have led them to offload riskier equities and turn to safe-haven assets such as gold and bonds.

The Nifty state-owned banking index closed down 1.32 per cent, while the metals index was down 1.39 per cent.

<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank </a>led losses among the blue-chip stocks, falling 5.22 per cent, while <a href="https://www.wionews.com/business-economy/bajaj-auto-reports-9-fall-in-vehicle-sales-during-october-259184">Bajaj Auto</a>, the top gainer, rose 1.74&nbsp;per cent.

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday.

Indian shares ended lower on Thursday, led by losses in metal and state-owned banking stocks, as worries over the economic impact of the coronavirus weighed on sentiment and as markets waited for the release of the country's federal budget on Saturday. The NSE Nifty 50 index closed down 0.77 per cent at 12,035.80, while the S&P BSE Sensex ended 0.69 per cent lower at 40,913.82. Also read: Coronavirus: First confirmed case in India, Kerala student tests positive India reported its first case of the new coronavirus on Thursday, saying a student in Kerala had tested positive for the virus that originated in China and has killed 170 people so far. Investor fears of the impact of the fast-spreading virus have led them to offload riskier equities and turn to safe-haven assets such as gold and bonds. The Nifty state-owned banking index closed down 1.32 per cent, while the metals index was down 1.39 per cent. Yes Bank led losses among the blue-chip stocks, falling 5.22 per cent, while Bajaj Auto, the top gainer, rose 1.74 per cent.

Sensex, Nifty end lower on coronavirus fears; metals drag

Equity benchmark indices ended higher on Wednesday due to buying seen in select metal, FMCG and auto stocks while investors hoped for market-friendly proposals in the upcoming Union Budget for 2020-21.

The BSE S&amp;P Sensex closed 232 points higher at 41,199 while the Nifty 50 ticked up by 74 points at 12,130.

Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green with Nifty FMCG lifting up by 1.3 per cent, metal by 0.9 per cent and auto by 0.8 per cent.

Among stocks, Tata Motors advanced by 6.8 per cent to Rs 188.10 per share. Bajaj Finance jumped over 5 per cent after its third-quarter earnings beat analyst expectations.

FMCG majors Nestle India moved up by 2.8 per cent each while JSW Steel was up by 2.3 per cent. The other prominent gainers included Bajaj Finserv, Adani Ports, Power Grid Corporation and Infosys.

However, Eicher Motors dipped by 4.5 per cent. Yes Bank, Dr Reddy's, Tata Consultancy Services and HDFC too closed in the red.

Meanwhile, Asian shares erased earlier gains and slipped into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled fears about the economic impact of the outbreak.

Hong Kong shares fell by 2.82 per cent, led by declines in financial services, real estate and consumer goods companies. But Japan's Nikkei stock index advanced by 0.71 per cent and South Korea's Kospi also added 0.39 per cent. Markets in China were closed for a holiday.

Equity benchmark indices ended higher on Wednesday due to buying seen in select metal, FMCG and auto stocks while investors hoped for market-friendly proposals in the upcoming Union Budget for 2020-21.

Equity benchmark indices ended higher on Wednesday due to buying seen in select metal, FMCG and auto stocks while investors hoped for market-friendly proposals in the upcoming Union Budget for 2020-21. The BSE S&P Sensex closed 232 points higher at 41,199 while the Nifty 50 ticked up by 74 points at 12,130. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green with Nifty FMCG lifting up by 1.3 per cent, metal by 0.9 per cent and auto by 0.8 per cent. Among stocks, Tata Motors advanced by 6.8 per cent to Rs 188.10 per share. Bajaj Finance jumped over 5 per cent after its third-quarter earnings beat analyst expectations. FMCG majors Nestle India moved up by 2.8 per cent each while JSW Steel was up by 2.3 per cent. The other prominent gainers included Bajaj Finserv, Adani Ports, Power Grid Corporation and Infosys. However, Eicher Motors dipped by 4.5 per cent. Yes Bank, Dr Reddy's, Tata Consultancy Services and HDFC too closed in the red. Meanwhile, Asian shares erased earlier gains and slipped into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled fears about the economic impact of the outbreak. Hong Kong shares fell by 2.82 per cent, led by declines in financial services, real estate and consumer goods companies. But Japan's Nikkei stock index advanced by 0.71 per cent and South Korea's Kospi also added 0.39 per cent. Markets in China were closed for a holiday.

Nifty closes at 12,130, Tata Motors top performer

&nbsp;Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the economic impact of the coronavirus outbreak.

The death toll from the virus crossed 100, with millions stranded in China during the biggest holiday of the year and expectations that the travel restrictions will hurt economic activity.

The Nifty closed down 0.52% at 12,055.80, while the Sensex lost 0.46% to settle at 40,966.86.

Metal stocks fell again on Tuesday on fears about the financial impact of the coronavirus outbreak on the metals supply chain. China is the largest steel producer and consumer in the world.

The Nifty metals index hit a more than 1-month low before ending down 2.39%.

Mining group Vedanta was at the bottom of the Nifty 50 with a 4.5% decline. Tata Steel Ltd fell 3.5%, while JSW Steel shed 2.9%.

Maruti Suzuki India Ltd fell 2.1% after its December-quarter profit missed analysts' estimates.

Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the economic impact of the coronavirus outbreak.

Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the economic impact of the coronavirus outbreak. The death toll from the virus crossed 100, with millions stranded in China during the biggest holiday of the year and expectations that the travel restrictions will hurt economic activity. The Nifty closed down 0.52% at 12,055.80, while the Sensex lost 0.46% to settle at 40,966.86. Metal stocks fell again on Tuesday on fears about the financial impact of the coronavirus outbreak on the metals supply chain. China is the largest steel producer and consumer in the world. The Nifty metals index hit a more than 1-month low before ending down 2.39%. Mining group Vedanta was at the bottom of the Nifty 50 with a 4.5% decline. Tata Steel Ltd fell 3.5%, while JSW Steel shed 2.9%. Maruti Suzuki India Ltd fell 2.1% after its December-quarter profit missed analysts' estimates.

Nifty, Sensex fall for second day as China virus fears persist

Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the <a href="https://www.wionews.com/business-economy/nifty-sensex-close-higher-banking-stocks-shine-276382">economic impact</a> of the coronavirus outbreak.

The death toll from the virus crossed 100, with millions stranded in China during the biggest holiday of the year and expectations that the travel restrictions will hurt economic activity.

The Nifty closed down 0.52 per cent at 12,055.80, while the <a href="https://www.wionews.com/business-economy/equity-indices-edge-up-infosys-profit-jumps-by-4-pc-on-good-q3-results-273855">Sensex </a>lost 0.46 per cent to settle at 40,966.86. Metal stocks fell again on Tuesday on fears about the financial impact of the coronavirus outbreak on the metals supply chain. China is the largest steel producer and consumer in the world.

<img alt="A broker reacts while trading at his computer terminal" data-entity-type="file" data-entity-uuid="9501bb08-ee85-48a5-b5f2-b6abff1db1d5" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20-%202020-01-28T165434.462.jpg" /> 
[&nbsp;A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Courtesy: Reuters) ]

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/equity-indices-flat-auto-and-financial-majors-gain-marginally-277006">Equity indices flat, auto and financial majors gain marginally</a>

The Nifty metals index hit a more than 1-month low before ending down 2.39 per cent. Mining group Vedanta was at the bottom of the Nifty 50 with a 4.5 per cent decline. Tata Steel Ltd fell 3.5 per cent, while JSW Steel shed 2.9 per cent. 
Maruti Suzuki India Ltd fell 2.1 per cent after its December-quarter profit missed analysts' estimates. 
&nbsp;

Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the economic impact of the coronavirus outbreak. The death toll from the virus crossed 100, with millions stranded in China during the biggest holiday of the year and expectations that the travel restrictions will hurt economic activity. The Nifty closed down 0.52 per cent at 12,055.80, while the Sensex lost 0.46 per cent to settle at 40,966.86. Metal stocks fell again on Tuesday on fears about the financial impact of the coronavirus outbreak on the metals supply chain. China is the largest steel producer and consumer in the world. [ A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Courtesy: Reuters) ] Also Read: Equity indices flat, auto and financial majors gain marginally The Nifty metals index hit a more than 1-month low before ending down 2.39 per cent. Mining group Vedanta was at the bottom of the Nifty 50 with a 4.5 per cent decline. Tata Steel Ltd fell 3.5 per cent, while JSW Steel shed 2.9 per cent. Maruti Suzuki India Ltd fell 2.1 per cent after its December-quarter profit missed analysts' estimates.

&nbsp;India's main stock indexes ended higher for the first time this week on Thursday, driven by gains in banking and energy stocks.

The NSE <a href="https://www.wionews.com/business-economy/sensex-gains-by-321-points-as-nifty-closes-on-high-record-tata-motors-on-top-winner-271672">Nifty</a> 50 index closed 0.6 per cent higher at 12,180.35, while the S&amp;P BSE Sensex ended up 0.66 per cent&nbsp;at 41,386.40.

The market gained after some mild consolidation during the week, said Vinod Nair, head of research at Geojit Financial Services.

A slew of disappointing earnings had weighed on the market earlier this week, with Nifty 50 and Sensex losing about 2&nbsp;per cent&nbsp;each in the past three sessions.

On Thursday, the banking sector dominated the gains, with the <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-as-banks-slump-earnings-in-focus-254999">Nifty Bank Index</a> rising 1 per cent&nbsp;and Nifty Public Sector Bank Index firming 1.24 per cent.

Yes Bank jumped 6.6&nbsp;per cent&nbsp;and was the best performer in the Nifty 50.

Meanwhile, the Nifty energy index ended up 1.1&nbsp;per cent&nbsp;with <a href="https://www.wionews.com/business-economy/indian-oils-third-quarter-profit-plunges-almost-91-193870">Indian Oil Corp</a> gaining 4.14 per cent.

India oil ministry wants state refiners such as IOC to buy oil from Brazil under annual deals, a source said on Wednesday.

c lost about 7 per cent, making it the top loser in the Nifty 50.

India's main stock indexes ended higher for the first time this week on Thursday, driven by gains in banking and energy stocks. The NSE Nifty 50 index closed 0.6 per cent higher at 12,180.

India's main stock indexes ended higher for the first time this week on Thursday, driven by gains in banking and energy stocks. The NSE Nifty 50 index closed 0.6 per cent higher at 12,180.35, while the S&P BSE Sensex ended up 0.66 per cent at 41,386.40. The market gained after some mild consolidation during the week, said Vinod Nair, head of research at Geojit Financial Services. A slew of disappointing earnings had weighed on the market earlier this week, with Nifty 50 and Sensex losing about 2 per cent each in the past three sessions. On Thursday, the banking sector dominated the gains, with the Nifty Bank Index rising 1 per cent and Nifty Public Sector Bank Index firming 1.24 per cent. Yes Bank jumped 6.6 per cent and was the best performer in the Nifty 50. Meanwhile, the Nifty energy index ended up 1.1 per cent with Indian Oil Corp gaining 4.14 per cent. India oil ministry wants state refiners such as IOC to buy oil from Brazil under annual deals, a source said on Wednesday. c lost about 7 per cent, making it the top loser in the Nifty 50.

Sensex, Nifty end higher on banks, energy stocks

Market benchmark Sensex dropped 205 points on Tuesday, led by losses in auto, banking, metal and FMCG stocks amid a sharp fall in other Asian markets on concerns over a deadly virus in China.

After trading on a volatile note, the 30-share BSE index settled 205.10 points, or 0.49 per cent, lower at 41,323.81.

Likewise, the broader NSE Nifty fell 54.70 points, or 0.45 per cent, to 12,169.85.

Tata Steel was the top loser in the Sensex pack, shedding 3.01 per cent, followed by M&amp;M, Maruti, Asian Paints, PowerGrid, ITC and Axis Bank.

On the other hand, Ultratech Cement, HDFC, Kotak Bank, ONGC and TCS ended with gains.

According to traders, domestic investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets.

Further, market sentiment was hit after the IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with sharp losses.

European markets were also trading on a negative note in their early sessions.

Brent crude oil futures fell 1.21 per cent to USD 64.41 per barrel.

The rupee depreciated 5 paise to 71.16 per US dollar (intra-day).

Market benchmark Sensex dropped 205 points on Tuesday, led by losses in auto, banking, metal and FMCG stocks amid a sharp fall in other Asian markets on concerns over a deadly virus in China.

Market benchmark Sensex dropped 205 points on Tuesday, led by losses in auto, banking, metal and FMCG stocks amid a sharp fall in other Asian markets on concerns over a deadly virus in China. After trading on a volatile note, the 30-share BSE index settled 205.10 points, or 0.49 per cent, lower at 41,323.81. Likewise, the broader NSE Nifty fell 54.70 points, or 0.45 per cent, to 12,169.85. Tata Steel was the top loser in the Sensex pack, shedding 3.01 per cent, followed by M&M, Maruti, Asian Paints, PowerGrid, ITC and Axis Bank. On the other hand, Ultratech Cement, HDFC, Kotak Bank, ONGC and TCS ended with gains. According to traders, domestic investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets. Further, market sentiment was hit after the IMF on Monday lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with sharp losses. European markets were also trading on a negative note in their early sessions. Brent crude oil futures fell 1.21 per cent to USD 64.41 per barrel. The rupee depreciated 5 paise to 71.16 per US dollar (intra-day).

Sensex ends 205 points lower; Nifty slips below 12,200

Indian shares closed near record highs on Thursday after Washington and Beijing signed the first phase of a trade deal, though weakness in metal and mining stocks capped gains.

The NSE <a href="https://www.wionews.com/business-economy/nifty-sensex-settle-near-record-highs-after-us-china-trade-deal-274691">Nifty 50 Index</a> ended 0.1 per cent&nbsp;higher at 12,355.5, while the S&amp;P BSE&nbsp;<a href="https://www.wionews.com/business-economy/nifty-sensex-close-at-record-highs-274225">Sensex&nbsp;index</a> settled 0.14 per cent higher at 41,932.56. The Nifty and&nbsp;Sensex&nbsp;had earlier in the day hit record highs of 12,389.05 and 42,059.45, respectively.

Automaker <a href="https://www.wionews.com/business-economy/sensex-gains-by-321-points-as-nifty-closes-on-high-record-tata-motors-on-top-winner-271672">Eicher Motors Ltd</a> was the top gainer on the Nifty, climbing 4.42 per cent&nbsp;on its best day in three months.

Nestle India Ltd, the maker of Maggi noodles and Kit-Kat chocolates, rose 3.33 per cent&nbsp;to an all-time closing high.

The Nifty Metal Index fell 1.25 per cent&nbsp;and weighed on the benchmark indexes, as a number of sore spots in the Sino-US&nbsp;deal left investors worried that the pact would not substantially boost metals demand.

Gas marketing company <a href="https://www.wionews.com/business-economy/sensex-jumps-634-points-as-us-iran-tensions-ease-auto-and-realty-stocks-gain-273229">GAIL</a> (India) Ltd fell 2.2 per cent&nbsp;and was the biggest percentage loser on the Nifty.

Indian shares closed near record highs on Thursday after Washington and Beijing signed the first phase of a trade deal, though weakness in metal and mining stocks capped gains.

Indian shares closed near record highs on Thursday after Washington and Beijing signed the first phase of a trade deal, though weakness in metal and mining stocks capped gains. The NSE Nifty 50 Index ended 0.1 per cent higher at 12,355.5, while the S&P BSE Sensex index settled 0.14 per cent higher at 41,932.56. The Nifty and Sensex had earlier in the day hit record highs of 12,389.05 and 42,059.45, respectively. Automaker Eicher Motors Ltd was the top gainer on the Nifty, climbing 4.42 per cent on its best day in three months. Nestle India Ltd, the maker of Maggi noodles and Kit-Kat chocolates, rose 3.33 per cent to an all-time closing high. The Nifty Metal Index fell 1.25 per cent and weighed on the benchmark indexes, as a number of sore spots in the Sino-US deal left investors worried that the pact would not substantially boost metals demand. Gas marketing company GAIL (India) Ltd fell 2.2 per cent and was the biggest percentage loser on the Nifty.

Nifty, Sensex settle near record highs after US-China trade deal

Indian stock market indices Sensex and Nifty on Thursday rose up to fresh highs after US-China signed an initial trade deal which helped them reduce tensions in the ongoing trade war. The investors shifted focus to domestic corporate earnings.

The BSE Sensex opened at 41,959.19, climbing 86 points from the last closing. Nifty too, has jumped to its record high of 12,357.

At 10.50 am Sensex was up by 52 points at 41,924.79 and Nifty at 12,349.50.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-indian-traders-call-amazon-an-economic-terrorist-274504/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Private-sector lender Yes Bank Ltd, up as much as 2.3%, was the top gainer on the Nifty. Drugmaker Sun Pharmaceutical Industries Ltd climbed 1.3% to a near seven-week high.

Cable television company DEN Networks Ltd jumped 5% to its highest since Sept. 25, 2019, after reporting a profit for the December quarter, compared with a loss last year.

The Nifty Metal index dropped 0.9%. Miner Vedanta Ltd, the biggest loser in the Nifty index, dropped as much as 1.8%, while Tata Steel Ltd and JSW Steel Ltd declined 1.2 per cent and 1.8 per cent, respectively.

(With inputs from agencies)

Indian stock market indices Sensex and Nifty on Thursday rose up to fresh highs after US-China signed an initial trade deal which helped them reduce tensions in the ongoing trade war.

Indian stock market indices Sensex and Nifty on Thursday rose up to fresh highs after US-China signed an initial trade deal which helped them reduce tensions in the ongoing trade war. The investors shifted focus to domestic corporate earnings. The BSE Sensex opened at 41,959.19, climbing 86 points from the last closing. Nifty too, has jumped to its record high of 12,357. At 10.50 am Sensex was up by 52 points at 41,924.79 and Nifty at 12,349.50. Private-sector lender Yes Bank Ltd, up as much as 2.3%, was the top gainer on the Nifty. Drugmaker Sun Pharmaceutical Industries Ltd climbed 1.3% to a near seven-week high. Cable television company DEN Networks Ltd jumped 5% to its highest since Sept. 25, 2019, after reporting a profit for the December quarter, compared with a loss last year. The Nifty Metal index dropped 0.9%. Miner Vedanta Ltd, the biggest loser in the Nifty index, dropped as much as 1.8%, while Tata Steel Ltd and JSW Steel Ltd declined 1.2 per cent and 1.8 per cent, respectively. (With inputs from agencies)

Sensex hits 42,000 for first time, Nifty at a record high

Indian shares closed near record highs on Thursday after Washington and Beijing signed the first phase of a trade deal, though weakness in metal and mining stocks capped gains.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/sensex-hits-42000-for-first-time-nifty-at-a-record-high-274544">Sensex hits 42,000 for first time, Nifty at a record high</a>

The NSE Nifty 50 Index ended 0.1 per cent&nbsp;higher at 12,355.5, while the S&amp;P BSE Sensex index settled 0.14 per cent&nbsp;higher at 41,932.56. The Nifty and Sensex had earlier in the day hit record highs of 12,389.05 and 42,059.45, respectively.

Automaker Eicher Motors Ltd was the top gainer on the Nifty, climbing 4.42 per cent&nbsp;on its best day in three months.

Nestle&nbsp;India&nbsp;Ltd, the maker of Maggi noodles and Kit-Kat chocolates, rose 3.33 per cent&nbsp;to an all-time closing high.

The Nifty Metal Index fell 1.25 per cent&nbsp;and weighed on the benchmark indexes, as a number of sore spots in the Sino-US&nbsp;deal left investors worried that the pact would not substantially boost metals demand.

Gas marketing company GAIL (India) Ltd fell 2.2 per cent&nbsp;and was the biggest percentage loser on the Nifty.

Indian shares closed near record highs on Thursday after Washington and Beijing signed the first phase of a trade deal, though weakness in metal and mining stocks capped gains. Also read: Sensex hits 42,000 for first time, Nifty at a record high The NSE Nifty 50 Index ended 0.1 per cent higher at 12,355.5, while the S&P BSE Sensex index settled 0.14 per cent higher at 41,932.56. The Nifty and Sensex had earlier in the day hit record highs of 12,389.05 and 42,059.45, respectively. Automaker Eicher Motors Ltd was the top gainer on the Nifty, climbing 4.42 per cent on its best day in three months. Nestle India Ltd, the maker of Maggi noodles and Kit-Kat chocolates, rose 3.33 per cent to an all-time closing high. The Nifty Metal Index fell 1.25 per cent and weighed on the benchmark indexes, as a number of sore spots in the Sino-US deal left investors worried that the pact would not substantially boost metals demand. Gas marketing company GAIL (India) Ltd fell 2.2 per cent and was the biggest percentage loser on the Nifty.

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 <a href="https://www.wionews.com/world/china-us-had-constructive-phone-call-on-trade-report-262656">China-US</a>&nbsp;trade deal and strong results from IT bellwether <a href="https://www.wionews.com/business-economy/equity-indices-edge-up-infosys-profit-jumps-by-4-pc-on-good-q3-results-273855">Infosys Ltd</a> helped boost sentiment.

<a href="https://www.wionews.com/business-economy/equity-indices-edge-up-infosys-profit-jumps-by-4-pc-on-good-q3-results-273855">Also read:&nbsp;Equity indices edge up, Infosys profit jumps by 4 % on good Q3 results</a>

Investors awaited retail inflation data for December, due later in the day. At an expected 6.20 percent&nbsp;according to a Reuters poll, inflation is set to hit its highest in more than five years.

"Rising inflation after December has been priced in by the market because toward the end of the year (2019) we had seen upticks in inflation," said Anand James, chief market strategist at Geojit Financial Services.

The Nifty 50 Index ended 0.59&nbsp;percent higher at 12,329.55, while the benchmark S&amp;P BSE&nbsp;Sensex&nbsp;Index jumped 0.62&nbsp;percent&nbsp;to 41,859.69.

Both indexes had touched intraday all-time peaks at 12,337.75 and 41,889.63, respectively, earlier in the session.

Infosys' shares ended 4.8&nbsp;percent higher, making it the biggest gainer on the Nifty after the IT bellwether beat quarterly profit estimates and cleared its top executives of financial misconduct allegations. The Nifty IT index closed 1.67&nbsp;percent higher.

<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank Ltd</a> ended 5.92&nbsp;percent&nbsp;lower and led the losses on the Nifty.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Board member at Yes Bank quits, cites governance concerns</a>

The private sector lender on Friday rejected a $1.2 billion investment from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings and launched a $1.4 billion share sale.

Shares of <a href="https://www.wionews.com/business-economy/indian-markets-steady-in-early-trade-ahead-of-cabinet-meeting-inflation-figures-261732">Britannia Industries</a> and <a href="https://www.wionews.com/business-economy/indias-consumer-goods-growth-slows-as-rural-demand-cools-nielsen-236908">Hindustan Unilever Ltd</a> gained 1.85&nbsp;percent&nbsp;and 2.1 percent.

<a href="https://www.wionews.com/business-economy/sensex-crashes-by-788-points-on-us-iran-tensions-banks-and-auto-companies-bleed-272541">IndusInd Bank</a> Ltd ended 3.25&nbsp;percent&nbsp;higher ahead of its quarterly results on Tuesday and was the second-biggest gainer on the Nifty.

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 China-US trade deal and strong results from IT bellwether Infosys Ltd helped boost sentiment.

India's main stock indexes closed at record highs on Monday as the expected signing of a Phase 1 China-US trade deal and strong results from IT bellwether Infosys Ltd helped boost sentiment. Also read: Equity indices edge up, Infosys profit jumps by 4 % on good Q3 results Investors awaited retail inflation data for December, due later in the day. At an expected 6.20 percent according to a Reuters poll, inflation is set to hit its highest in more than five years. "Rising inflation after December has been priced in by the market because toward the end of the year (2019) we had seen upticks in inflation," said Anand James, chief market strategist at Geojit Financial Services. The Nifty 50 Index ended 0.59 percent higher at 12,329.55, while the benchmark S&P BSE Sensex Index jumped 0.62 percent to 41,859.69. Both indexes had touched intraday all-time peaks at 12,337.75 and 41,889.63, respectively, earlier in the session. Infosys' shares ended 4.8 percent higher, making it the biggest gainer on the Nifty after the IT bellwether beat quarterly profit estimates and cleared its top executives of financial misconduct allegations. The Nifty IT index closed 1.67 percent higher. Yes Bank Ltd ended 5.92 percent lower and led the losses on the Nifty. Also read: Board member at Yes Bank quits, cites governance concerns The private sector lender on Friday rejected a $1.2 billion investment from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings and launched a $1.4 billion share sale. Shares of Britannia Industries and Hindustan Unilever Ltd gained 1.85 percent and 2.1 percent. IndusInd Bank Ltd ended 3.25 percent higher ahead of its quarterly results on Tuesday and was the second-biggest gainer on the Nifty.

Nifty, Sensex end on record highs on Infosys, US-China trade deal optimism

Indian shares settled higher for a fourth straight session on Tuesday and marked record closing levels, with conglomerate <a href="https://www.wionews.com/business-economy/sensex-nifty-edge-higher-in-rangebound-trade-gail-power-grid-rise-270934">ITC Ltd </a>and motorcycle maker <a href="https://www.wionews.com/business-economy/sensex-nifty-close-on-positive-note-led-by-metals-and-banks-267902">Hero MotoCorp</a>&nbsp;leading gains.

The NSE Nifty 50 Index ended 0.27 per cent higher at 12,362.30, while the S&amp;P BSE&nbsp;Sensex&nbsp;index&nbsp;added 0.22 per cent to close at 41,952.63.

Broader Asian shares touched fresh peaks on Tuesday amid signs of improving relations between the <a href="https://www.wionews.com/world/us-secretary-of-state-mike-pompeo-warns-silicon-valley-on-china-ahead-of-trade-pact-274102">United States</a> and <a href="https://www.wionews.com/opinions/china-united-states-relations-and-the-thucydides-trap-192673">China</a>, as the two countries prepare to sign a preliminary trade deal on Wednesday.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/asian-shares-rise-ahead-of-us-china-phase-one-trade-deal-273851">Asian shares rise ahead of US-China 'phase one' trade deal</a>

In domestic markets, shares of ITC Ltd rose nearly 2 per cent and were among the top gainers on both NSE and BSE, while Hero MotoCorp added 2.2 per cent.

The Nifty Media index closed up 2.1 per cent, with shares of TV18 Broadcast&nbsp;surging over 16 per cent after the company posted a strong set of quarterly numbers.

Among decliners, <a href="https://www.wionews.com/business-economy/board-member-at-yes-bank-quits-cites-governance-concerns-273443">Yes Bank&nbsp;</a>tumbled over 13% and IndusInd Bank&nbsp;slipped 4.51 per cent.

Indian shares settled higher for a fourth straight session on Tuesday and marked record closing levels, with conglomerate ITC Ltd and motorcycle maker Hero MotoCorp leading gains.

Indian shares settled higher for a fourth straight session on Tuesday and marked record closing levels, with conglomerate ITC Ltd and motorcycle maker Hero MotoCorp leading gains. The NSE Nifty 50 Index ended 0.27 per cent higher at 12,362.30, while the S&P BSE Sensex index added 0.22 per cent to close at 41,952.63. Broader Asian shares touched fresh peaks on Tuesday amid signs of improving relations between the United States and China, as the two countries prepare to sign a preliminary trade deal on Wednesday. Also read: Asian shares rise ahead of US-China 'phase one' trade deal In domestic markets, shares of ITC Ltd rose nearly 2 per cent and were among the top gainers on both NSE and BSE, while Hero MotoCorp added 2.2 per cent. The Nifty Media index closed up 2.1 per cent, with shares of TV18 Broadcast surging over 16 per cent after the company posted a strong set of quarterly numbers. Among decliners, Yes Bank tumbled over 13% and IndusInd Bank slipped 4.51 per cent.

Nifty, Sensex close at record highs

Equity benchmark indices traded with a positive note during early hours on Monday as global investors waited for US President <a href="https://www.wionews.com/world/us-china-agree-to-semi-annual-talks-aimed-at-reforms-resolving-disputes-273673">Donald Trump</a> and Chinese officials to sign the long-awaited phase one trade deal later this week. 
 
The market sentiment got a further boost with oil prices lowering as fears of conflict between the <a href="https://www.wionews.com/world/trump-warns-iran-against-massacre-as-protests-erupt-over-downing-of-ukrainian-airplane-273670">United States and Iran</a> eased. At 10:15 am, the <a href="https://www.wionews.com/business-economy/nifty-sensex-headed-for-weekly-gain-as-mideast-tensions-ease-273346">BSE S&amp;P Sensex</a> was up by 215 points to 41,814 while the Nifty 50 ticked up by 55 points at 12,312. 
 
Except for Nifty auto, all sectoral indices were in the positive zone. <a href="https://www.wionews.com/business-economy/nifty-sensex-end-higher-on-cooling-oil-prices-273384">Nifty IT</a> gained by 1.36 per cent, pharma by 0.87 per cent and FMCG by 0.77 per cent. 
 
Among stocks, <a href="https://www.wionews.com/business-economy/sensex-nifty-surge-as-easing-middle-east-tensions-steady-crude-prices-273111">Infosys</a> rose by 4.15 per cent after the IT major reported 11 per cent jump in consolidated net profit for the quarter ended December 2019 (Q3 FY20) to Rs 4,457 crore from Rs 4,019 crore quarter-on-quarter due to higher other income and lower other expenses. The year-on-year profit growth was 23.5 per cent. 
 
Wipro gained by 1.4 per cent while <a href="https://www.wionews.com/business-economy/sensex-jumps-634-points-as-us-iran-tensions-ease-auto-and-realty-stocks-gain-273229">HCL Technologies</a> was up by 1.3 per cent. Sun Pharma, Cipla and Dr Reddy's ticked up by 2 per cent, 1.2 per cent and 1 per cent respectively. The other prominent winners were Britannia, Hindustan Lever and Kotak Mahindra Bank. 
 
However, Yes Bank plunged by 4.8 per cent to Rs 42.60 per share as reports said that co-promoter Rana Kapoor, and his family-run firms Yes Capital India and Morgan Credits have exited the bank, thus losing all control and voting rights. 
 
The other losers included Tata Motors, Eicher Motors, Maruti, JSW Steel, Hindalco and Adani Ports. 
 
Meanwhile, <a href="https://www.wionews.com/business-economy/global-markets-stocks-march-back-to-record-highs-as-middle-east-tensions-ease-273438">Asian stock markets</a> traded on a subdued note ahead of the expected signing on a <a href="https://www.wionews.com/business-economy/asian-shares-rise-ahead-of-us-china-phase-one-trade-deal-273851">US-China trade deal</a>, though talks on a phase two package are likely to drag on for months. 
 
The Shanghai Composite fell by 0.36 per cent while Hong Kong's Hang Seng index rose 0.28 per cent and South Korea's Kospi also rose by 0.56 per cent. Japan's markets were closed for a holiday. 
 
Meanwhile, oil prices consolidated with <a href="https://www.wionews.com/business-economy/oil-edges-above-65-as-middle-east-concerns-support-273441">Brent crude</a> futures down by 12 cents at 64.86 dollars a barrel while US crude eased by 14 cents to 58.90 dollars a barrel.

Equity benchmark indices traded with a positive note during early hours on Monday as global investors waited for US President Donald Trump and Chinese officials to sign the long-awaited phase one trade deal later this week.

Equity benchmark indices traded with a positive note during early hours on Monday as global investors waited for US President Donald Trump and Chinese officials to sign the long-awaited phase one trade deal later this week. The market sentiment got a further boost with oil prices lowering as fears of conflict between the United States and Iran eased. At 10:15 am, the BSE S&P Sensex was up by 215 points to 41,814 while the Nifty 50 ticked up by 55 points at 12,312. Except for Nifty auto, all sectoral indices were in the positive zone. Nifty IT gained by 1.36 per cent, pharma by 0.87 per cent and FMCG by 0.77 per cent. Among stocks, Infosys rose by 4.15 per cent after the IT major reported 11 per cent jump in consolidated net profit for the quarter ended December 2019 (Q3 FY20) to Rs 4,457 crore from Rs 4,019 crore quarter-on-quarter due to higher other income and lower other expenses. The year-on-year profit growth was 23.5 per cent. Wipro gained by 1.4 per cent while HCL Technologies was up by 1.3 per cent. Sun Pharma, Cipla and Dr Reddy's ticked up by 2 per cent, 1.2 per cent and 1 per cent respectively. The other prominent winners were Britannia, Hindustan Lever and Kotak Mahindra Bank. However, Yes Bank plunged by 4.8 per cent to Rs 42.60 per share as reports said that co-promoter Rana Kapoor, and his family-run firms Yes Capital India and Morgan Credits have exited the bank, thus losing all control and voting rights. The other losers included Tata Motors, Eicher Motors, Maruti, JSW Steel, Hindalco and Adani Ports. Meanwhile, Asian stock markets traded on a subdued note ahead of the expected signing on a US-China trade deal, though talks on a phase two package are likely to drag on for months. The Shanghai Composite fell by 0.36 per cent while Hong Kong's Hang Seng index rose 0.28 per cent and South Korea's Kospi also rose by 0.56 per cent. Japan's markets were closed for a holiday. Meanwhile, oil prices consolidated with Brent crude futures down by 12 cents at 64.86 dollars a barrel while US crude eased by 14 cents to 58.90 dollars a barrel.

Equity indices edge up, Infosys profit jumps by 4 % on good Q3 results

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&nbsp;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.

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.

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.

Nifty, Sensex end higher on cooling oil prices

Indian shares rose on Friday, tracking global markets, as <a href="https://www.wionews.com/opinions/could-iran-us-tensions-mean-troubled-waters-ahead-in-the-strait-of-hormuz-273207">US-Iran tensions</a> abated and investors looked for domestic cues ahead of corporate earnings.

The NSE&nbsp;Nifty&nbsp;50 index inched up 0.16 per cent&nbsp;to 12,234.25 by 0413 GMT, while the benchmark <a href="https://www.wionews.com/business-economy/sensex-jumps-634-points-as-us-iran-tensions-ease-auto-and-realty-stocks-gain-273229">S&amp;P BSE Sensex</a> was 0.14 per cent&nbsp;higher at 41,511.58. The&nbsp;Nifty&nbsp;50 and Sensex are headed for a weekly gain of around 0.5 per cent&nbsp;each.

Meanwhile, easing oil prices came as a relief for investors in India, the world's third-biggest oil consumer. <a href="https://www.wionews.com/india-news/fresh-hike-in-petrol-diesel-prices-in-india-273300">Brent crude</a> was headed for its first decline in six weeks.&nbsp;

"There were some panic and fears from the global market which is fading out domestic cues are also not that negative, in fact, they are improving," said Shrikant Chouhan, technical analyst at Kotak Securities.

<a href="https://www.wionews.com/business-economy/sensex-nifty-surge-as-easing-middle-east-tensions-steady-crude-prices-273111">MSCI's broadest</a> gauge of the world's stocks in 49 countries rose a tad to hit an all-time high and its index of <a href="https://www.wionews.com/business-economy/asian-shares-erase-losses-as-mideast-tensions-ease-oil-ticks-up-273093">Asia-Pacific shares</a> outside Japan rose 0.18 per cent.&nbsp;

In India, IT heavyweight Infosys Ltd rose 1.44 per cent&nbsp;ahead of its third-quarter earnings due later in the day.

Shares of Indian private sector lender Yes Bank Ltd rose 1.37 per cent&nbsp;ahead of a board meeting on Friday to discuss a capital raise as it looks to stave off the impact of bad loans.

Airline stocks Interglobe Aviation Ltd and SpiceJet Ltd reacted positively to lower oil prices, rising 1.68 per cent&nbsp;and 0.94 per cent&nbsp;respectively.

Bharti Infratel Ltd and Dr Reddy's Laboratories Ltd were among the top gainers on the&nbsp;Nifty, rising 2.13 per cent&nbsp;and 2.06 per cent&nbsp;each.&nbsp;

Indian shares rose on Friday, tracking global markets, as US-Iran tensions abated and investors looked for domestic cues ahead of corporate earnings. The NSE Nifty 50 index inched up 0.

Indian shares rose on Friday, tracking global markets, as US-Iran tensions abated and investors looked for domestic cues ahead of corporate earnings. The NSE Nifty 50 index inched up 0.16 per cent to 12,234.25 by 0413 GMT, while the benchmark S&P BSE Sensex was 0.14 per cent higher at 41,511.58. The Nifty 50 and Sensex are headed for a weekly gain of around 0.5 per cent each. Meanwhile, easing oil prices came as a relief for investors in India, the world's third-biggest oil consumer. Brent crude was headed for its first decline in six weeks. "There were some panic and fears from the global market which is fading out domestic cues are also not that negative, in fact, they are improving," said Shrikant Chouhan, technical analyst at Kotak Securities. MSCI's broadest gauge of the world's stocks in 49 countries rose a tad to hit an all-time high and its index of Asia-Pacific shares outside Japan rose 0.18 per cent. In India, IT heavyweight Infosys Ltd rose 1.44 per cent ahead of its third-quarter earnings due later in the day. Shares of Indian private sector lender Yes Bank Ltd rose 1.37 per cent ahead of a board meeting on Friday to discuss a capital raise as it looks to stave off the impact of bad loans. Airline stocks Interglobe Aviation Ltd and SpiceJet Ltd reacted positively to lower oil prices, rising 1.68 per cent and 0.94 per cent respectively. Bharti Infratel Ltd and Dr Reddy's Laboratories Ltd were among the top gainers on the Nifty, rising 2.13 per cent and 2.06 per cent each.

Nifty, Sensex headed for weekly gain as Mideast tensions ease

<a href="https://www.wionews.com/business-economy/sensex-crashes-by-788-points-on-us-iran-tensions-banks-and-auto-companies-bleed-272541">Indian stocks</a> sank and the rupee weakened on Wednesday, as Iran struck US bases in Iraq. Shares tanked over 240 points in early trade on Wednesday.

The rupee was weaker by 0.27 per cent at 71.9900 against the dollar after hitting its lowest since November&nbsp;14.

Read:&nbsp;<a href="https://www.wionews.com/world/iran-fires-missiles-at-us-bases-in-iraq-272811">Iran fires 'more than a dozen' ballistic missiles at US bases in Iraq</a>

Oil refiner <a href="https://www.wionews.com/business-economy/india-to-offload-bharat-petroleum-in-state-stake-sell-off-263518">Bharat Petroleum</a> Corp Ltd was the top decliner on the Nifty, falling 2.2 per cent amid the rise in crude, which could hurt margins at refining companies.

Other Asian shares and US&nbsp;Treasury yields also tumbled while gold shot higher.

Watch:&nbsp;<a href="https://www.wionews.com/videos/amid-escalating-tensions-in-west-asia-indian-stock-markets-close-in-the-red-272641">Amid escalating tensions in West Asia Indian stock markets close in the red</a>

India imports much of its crude from the Middle East, and its markets are sensitive to swings in prices, which have dipped this week on fears of a disruption to oil supplies.

"For the time being, the biggest risk factor for the Indian economy is the possible closure of <a href="https://www.wionews.com/photos/what-makes-strait-of-hormuz-worlds-most-important-oil-artery-227135">Strait of Hormuz</a> - where almost half of the global oil supplies pass through," said Arnob Biswas, head of FX Research at SMC Global Securities in New Delhi.

"Higher oil prices may lead to headline CPI beyond 6.00 per cent in the coming months," he added in reference to the consumer price index.

Brent crude futures were up 95 cents at $69.22 a barrel, after earlier rising to $71.75, their highest since mid-September 2019.

In India, the NSE Nifty 50 index-tracking blue-chip equities were down 0.86 per cent at 11,948.85 by 0350 GMT, while the benchmark S&amp;P BSE Sensex slid 0.75 per cent to 40,564.72. The two indexes plunged nearly 2% on Monday after a spike in crude prices, and the Nifty saw its worst one-day drop in some four months.

Growth in Asia's third-largest economy has already slowed to multi-year lows, and on Tuesday, India forecast 5 per cent growth for the current financial year, the slowest pace in 11 years.

The projections will likely prompt finance minister Nirmala Sitharaman to opt for extra fiscal stimulus when she presents the annual budget next month.

Indian stocks sank and the rupee weakened on Wednesday, as Iran struck US bases in Iraq. Shares tanked over 240 points in early trade on Wednesday. The rupee was weaker by 0.

Indian stocks sank and the rupee weakened on Wednesday, as Iran struck US bases in Iraq. Shares tanked over 240 points in early trade on Wednesday. The rupee was weaker by 0.27 per cent at 71.9900 against the dollar after hitting its lowest since November 14. Read: Iran fires 'more than a dozen' ballistic missiles at US bases in Iraq Oil refiner Bharat Petroleum Corp Ltd was the top decliner on the Nifty, falling 2.2 per cent amid the rise in crude, which could hurt margins at refining companies. Other Asian shares and US Treasury yields also tumbled while gold shot higher. Watch: Amid escalating tensions in West Asia Indian stock markets close in the red India imports much of its crude from the Middle East, and its markets are sensitive to swings in prices, which have dipped this week on fears of a disruption to oil supplies. "For the time being, the biggest risk factor for the Indian economy is the possible closure of Strait of Hormuz - where almost half of the global oil supplies pass through," said Arnob Biswas, head of FX Research at SMC Global Securities in New Delhi. "Higher oil prices may lead to headline CPI beyond 6.00 per cent in the coming months," he added in reference to the consumer price index. Brent crude futures were up 95 cents at $69.22 a barrel, after earlier rising to $71.75, their highest since mid-September 2019. In India, the NSE Nifty 50 index-tracking blue-chip equities were down 0.86 per cent at 11,948.85 by 0350 GMT, while the benchmark S&P BSE Sensex slid 0.75 per cent to 40,564.72. The two indexes plunged nearly 2% on Monday after a spike in crude prices, and the Nifty saw its worst one-day drop in some four months. Growth in Asia's third-largest economy has already slowed to multi-year lows, and on Tuesday, India forecast 5 per cent growth for the current financial year, the slowest pace in 11 years. The projections will likely prompt finance minister Nirmala Sitharaman to opt for extra fiscal stimulus when she presents the annual budget next month.

Nifty, Sensex dive as crude jumps after Iran missile strike on US bases in Iraq

India's financial markets are feeling the heat of the excalating tensions between the US and Iran. Both the sensex and the nifty down nearly 1.5%. #IndianMarkets #US #Iran #IndiaMarkets

Indian markets extended losses,Sensex,Nifty fall over 1.5%

Equity benchmark indices crashed nearly two per cent on Monday as geopolitical tensions shot up crude oil and gold prices.

The fears of oil supply disruption also led to possibilities of inflationary pressures after US President Donald Trump threatened sanctions on Iraq, the second-largest producer among OPEC, after its parliament voted in favour of expelling the US and foreign troops.

A day earlier, Iran said it no longer considers itself bound by the 2015 nuclear deal negotiated with the United States and other world powers in the fallout from the killing of Gen Qassem Soleimani.

Watch:&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/equities-crash-on-us-iran-tensions-nifty-sinks-below-12100-272516/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Meanwhile, oil prices shot up by more than 2 per cent higher with Brent rising above 70 dollars a barrel, stoking fears of a rise in the government`s import bill.

The BSE S&amp;P Sensex closed 788 points or 1.9 per cent lower at 40,677 while the Nifty 50 tumbled by 234 points at 11,993.&nbsp;

All sectoral indices at the National Stock Exchange wound up in the red zone.

Nifty PSU bank cracked by 4.3 per cent, metal by 2.9 per cent, private bank by 2.4 per cent and auto by 2.3 per cent.

Among stocks, State Bank of India, Bajaj Finance, metal major Vedanta and Zee Entertainment eroded values by nearly 4.5 per cent.&nbsp;

Yes Bank, IndusInd Bank, Hindalco, Bajaj Finserv, Bharat Petroleum Corporation and Coal India lost between 3.1 and 3.8 per cent.

However, Tata Consultancy Services, Wipro, Titan and Dr Reddy`s witnessed thin gains.

Reports said gold prices in Indian markets jumped over 2 per cent to record levels as investors rushed to safe-haven assets globally as well as a steep fall in the rupee.

Local gold futures hit an all-time high of Rs 41,096 per 10 grammes while the rupee traded at 72.09 per US dollar.

Meanwhile, Asian shares fell from 18-month highs. Japan`s Nikkei slid by 1.91 per cent, Hong Kong`s Hang Seng by 0.79 per cent and South Korea`s Kospi by 0.98 per cent.

Equity benchmark indices crashed nearly two per cent on Monday as geopolitical tensions shot up crude oil and gold prices. The fears of oil supply disruption also led to possibilities of inflationary pressures after US President Donald Trump threatened sanctions on Iraq, the second-largest producer among OPEC, after its parliament voted in favour of expelling the US and foreign troops.

Equity benchmark indices crashed nearly two per cent on Monday as geopolitical tensions shot up crude oil and gold prices. The fears of oil supply disruption also led to possibilities of inflationary pressures after US President Donald Trump threatened sanctions on Iraq, the second-largest producer among OPEC, after its parliament voted in favour of expelling the US and foreign troops. A day earlier, Iran said it no longer considers itself bound by the 2015 nuclear deal negotiated with the United States and other world powers in the fallout from the killing of Gen Qassem Soleimani. Watch: Meanwhile, oil prices shot up by more than 2 per cent higher with Brent rising above 70 dollars a barrel, stoking fears of a rise in the government`s import bill. The BSE S&P Sensex closed 788 points or 1.9 per cent lower at 40,677 while the Nifty 50 tumbled by 234 points at 11,993. All sectoral indices at the National Stock Exchange wound up in the red zone. Nifty PSU bank cracked by 4.3 per cent, metal by 2.9 per cent, private bank by 2.4 per cent and auto by 2.3 per cent. Among stocks, State Bank of India, Bajaj Finance, metal major Vedanta and Zee Entertainment eroded values by nearly 4.5 per cent. Yes Bank, IndusInd Bank, Hindalco, Bajaj Finserv, Bharat Petroleum Corporation and Coal India lost between 3.1 and 3.8 per cent. However, Tata Consultancy Services, Wipro, Titan and Dr Reddy`s witnessed thin gains. Reports said gold prices in Indian markets jumped over 2 per cent to record levels as investors rushed to safe-haven assets globally as well as a steep fall in the rupee. Local gold futures hit an all-time high of Rs 41,096 per 10 grammes while the rupee traded at 72.09 per US dollar. Meanwhile, Asian shares fell from 18-month highs. Japan`s Nikkei slid by 1.91 per cent, Hong Kong`s Hang Seng by 0.79 per cent and South Korea`s Kospi by 0.98 per cent.

Sensex crashes by 788 points on US-Iran tensions, banks and auto companies bleed

Equity indices suffered a blow during early hours on Monday on the back of escalating geopolitical tension after a senior Iranian military official was killed by a US airstrike. At 10:15 am, the BSE S&P Sensex was down by 456 points to 41,009 while the Nifty 50 edged lower by 136 points at 12,094. All sectoral indices were in the negative terrain with Nifty PSU bank falling by 3.2 per cent, metal by 2.2 per cent, auto by 1.7 per cent and FMCG by 0.8 per cent.

Equities crash on US-Iran tensions, Nifty sinks below 12,100

The Indian Rupee weakened and shares slipped on Friday as oil prices surged after <a href="https://www.wionews.com/world/president-trump-ordered-action-against-irans-quds-force-commander-soleimani-us-department-of-defence-271773">US&nbsp;airstrikes</a> killed a top Iranian commander, intensifying geopolitical tensions in the Middle East.

Other Asian markets also tumbled following news of the airstrikes, in which the head of Iran's elite Quds Force and a top Iraqi militia leader were killed early on Friday at Baghdad airport.

Oil prices surged, reflecting concerns that escalating Middle East tensions may disrupt oil supplies. <a href="https://www.wionews.com/business-economy/oil-prices-surge-after-us-strike-kills-iranian-general-271775">Brent crude</a> futures jumped to their highest since September&nbsp;17 and were last up 2.88 per cent at $68.16 a barrel.

The Rupee weakened by 0.26 per cent to 71.5525 against the <a href="https://www.wionews.com/business-economy/dollar-snaps-six-day-losing-streak-a-flat-start-for-2020-271653">dollar</a>. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

"Iran will certainly retaliate ... Oil is likely to be on boil. Bad for large oil-importing countries, especially those with large trade and current account deficit like India," said Ajay Bodke, chief executive of portfolio management services at Prabhudas Lilladher Pvt Ltd in Mumbai.

"Risk aversion would spike sharply. Investors may again find comfort in mega-caps and shun 'risky' small- and mid-cap equities."

India's NSE <a href="https://www.wionews.com/business-economy/sensex-gains-by-321-points-as-nifty-closes-on-high-record-tata-motors-on-top-winner-271672">Nifty 50</a> index, which tracks blue-chip equities, was down 0.35 per cent to 12,239.50 by 0425 GMT, while the benchmark S&amp;P BSE&nbsp;Sensex&nbsp;fell 0.28 per cent to 41,512.38.

Shares in oil refining, retail and telecoms group Reliance Industries Ltd, India's largest company by market value, fell 0.7 per cent, on concerns of falling margins due to the rise in oil prices.

State-run oil producer Oil and Natural Gas Corp and gas suppliers <a href="https://www.wionews.com/business-economy/sensex-nifty-edge-higher-in-rangebound-trade-gail-power-grid-rise-270934">GAIL</a> gained roughly 2.4 per cent each.

Shares in India's top two airlines also slumped due to the surge in oil prices. InterGlobe Aviation Ltd fell 1.8 per cent, while SpiceJet Ltd shed 4.4 per cent.

Asian Paints Ltd, a Nifty 50 component, fell 1.4 per cent.

Shares in IT services companies, which receive a bulk of their revenue from overseas and benefit from a weaker Rupee, gained. Infosys Ltd and Wipro Ltd climbed 1.5 per cent each, while <a href="wionews.com/india-news/tata-sons-moves-supreme-court-over-nclat-order-to-reinstate-cyrus-mistry-as-chairman-271594">Tata</a> Consultancy Services rose 2.3 per cent.

Meanwhile, India's central bank on Thursday announced another simultaneous purchase and sale of government bonds, the third such operation in recent weeks, moves seen as an attempt to bring longer-term yields lower.

The Indian Rupee weakened and shares slipped on Friday as oil prices surged after US airstrikes killed a top Iranian commander, intensifying geopolitical tensions in the Middle East.

The Indian Rupee weakened and shares slipped on Friday as oil prices surged after US airstrikes killed a top Iranian commander, intensifying geopolitical tensions in the Middle East. Other Asian markets also tumbled following news of the airstrikes, in which the head of Iran's elite Quds Force and a top Iraqi militia leader were killed early on Friday at Baghdad airport. Oil prices surged, reflecting concerns that escalating Middle East tensions may disrupt oil supplies. Brent crude futures jumped to their highest since September 17 and were last up 2.88 per cent at $68.16 a barrel. The Rupee weakened by 0.26 per cent to 71.5525 against the dollar. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings. "Iran will certainly retaliate ... Oil is likely to be on boil. Bad for large oil-importing countries, especially those with large trade and current account deficit like India," said Ajay Bodke, chief executive of portfolio management services at Prabhudas Lilladher Pvt Ltd in Mumbai. "Risk aversion would spike sharply. Investors may again find comfort in mega-caps and shun 'risky' small- and mid-cap equities." India's NSE Nifty 50 index, which tracks blue-chip equities, was down 0.35 per cent to 12,239.50 by 0425 GMT, while the benchmark S&P BSE Sensex fell 0.28 per cent to 41,512.38. Shares in oil refining, retail and telecoms group Reliance Industries Ltd, India's largest company by market value, fell 0.7 per cent, on concerns of falling margins due to the rise in oil prices. State-run oil producer Oil and Natural Gas Corp and gas suppliers GAIL gained roughly 2.4 per cent each. Shares in India's top two airlines also slumped due to the surge in oil prices. InterGlobe Aviation Ltd fell 1.8 per cent, while SpiceJet Ltd shed 4.4 per cent. Asian Paints Ltd, a Nifty 50 component, fell 1.4 per cent. Shares in IT services companies, which receive a bulk of their revenue from overseas and benefit from a weaker Rupee, gained. Infosys Ltd and Wipro Ltd climbed 1.5 per cent each, while Tata Consultancy Services rose 2.3 per cent. Meanwhile, India's central bank on Thursday announced another simultaneous purchase and sale of government bonds, the third such operation in recent weeks, moves seen as an attempt to bring longer-term yields lower.

Shares slip, rupee weakens as oil jumps after US airstrikes in Iraq

Equities continued to rally on the second day of the new calendar year with benchmark indices closing 0.8 per cent higher due to global gains and stellar performance domestically by infrastructure majors. 
 
Finance Minister Nirmala Sitharaman recently announced a Rs 102 lakh crore infrastructure project pipeline for the next five years, a move that is likely to help the country nearly double GDP's size to five trillion dollars by 2025. 
 
The <a href="https://www.wionews.com/business-economy/equity-indices-close-in-the-green-adani-ports-gains-by-31-per-cent-271482">BSE S&amp;P Sensex</a> closed 321 points up at 41,627 while the Nifty 50 edged higher by 100 points at 12,283. 
 
Except for <a href="https://www.wionews.com/business-economy/indian-shares-slip-on-year-end-profit-booking-nifty-set-for-13-jump-in-2019-271230">Nifty IT</a> which wound up 0.03 per cent lower, all sectoral indices at the <a href="https://www.wionews.com/business-economy/equities-begin-2020-on-a-positive-note-led-by-metal-stocks-271361">National Stock Exchange</a> were in the green with Nifty metal shoring up by 2.68 per cent, bank by 1.04 per cent and realty by 0.92 per cent. 
 
Among stocks, auto major <a href="https://www.wionews.com/business-economy/market-closing-sensex-ends-17-points-lower-nifty-at-12256-271060">Tata Motors</a> gained by 5.1 per cent intraday to close at Rs 193.85 after global research firm Citi maintained a buy rating on the stock with a target of Rs 200. The firm has a positive stance on JLR recovery while domestic commercial vehicle and passenger vehicle volumes remained weak in December. 
 
But the overall rally was led by infra-led stocks, especially metal majors. Tata Steel gained by 4.3 per cent, JSW Steel by 3.2 per cent, Vedanta by 3.1 per cent and <a href="https://www.wionews.com/business-economy/sensex-rallies-by-413-points-to-scale-new-high-nifty-closes-at-12165-268755">Hindalco</a> by 2.4 per cent. 
 
Aditya Birla-led UltraTech Cement and Grasim added gains of 4.2 per cent and 3 per cent respectively while engineering major Larsen &amp; Toubro edged higher by 2.6 per cent. Private sector lender IndusInd Bank ticked up by 3.2 per cent. 
 
However, <a href="https://www.wionews.com/business-economy/sensex-falls-by-298-points-psu-banks-underperform-270367">Eicher Motors</a> fell by 2.3 per cent while Bajaj Auto, Bharat Petroleum Corporation, Cipla and Tata Consultancy Services closed in the red. 
 
Meanwhile, <a href="https://www.wionews.com/business-economy/global-markets-asian-shares-lower-as-investors-book-decade-end-profits-271229">Asian shares</a> were buoyed by Chinese markets after Beijing eased monetary policy to support slowing growth. Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world's two largest economies. 
 
In China, the <a href="https://www.wionews.com/business-economy/sensex-falls-181-points-to-close-at-4146126-nifty-at-1221455-270010">Shanghai Composite Index</a> was 1.15 per cent higher but Seoul's Kospi began the year down by 1.02 per cent. Markets in Japan were closed for a national holiday. 
 
US President Donald Trump said on Tuesday that phase one of the <a href="https://www.wionews.com/world/us-china-phase-one-trade-deal-to-be-signed-january-15-trump-271308">trade deal</a> with China will be signed on January 15 at the White House, though uncertainty surrounds details about the agreement.

Equities continued to rally on the second day of the new calendar year with benchmark indices closing 0.8 per cent higher due to global gains and stellar performance domestically by infrastructure majors.

Equities continued to rally on the second day of the new calendar year with benchmark indices closing 0.8 per cent higher due to global gains and stellar performance domestically by infrastructure majors. Finance Minister Nirmala Sitharaman recently announced a Rs 102 lakh crore infrastructure project pipeline for the next five years, a move that is likely to help the country nearly double GDP's size to five trillion dollars by 2025. The BSE S&P Sensex closed 321 points up at 41,627 while the Nifty 50 edged higher by 100 points at 12,283. Except for Nifty IT which wound up 0.03 per cent lower, all sectoral indices at the National Stock Exchange were in the green with Nifty metal shoring up by 2.68 per cent, bank by 1.04 per cent and realty by 0.92 per cent. Among stocks, auto major Tata Motors gained by 5.1 per cent intraday to close at Rs 193.85 after global research firm Citi maintained a buy rating on the stock with a target of Rs 200. The firm has a positive stance on JLR recovery while domestic commercial vehicle and passenger vehicle volumes remained weak in December. But the overall rally was led by infra-led stocks, especially metal majors. Tata Steel gained by 4.3 per cent, JSW Steel by 3.2 per cent, Vedanta by 3.1 per cent and Hindalco by 2.4 per cent. Aditya Birla-led UltraTech Cement and Grasim added gains of 4.2 per cent and 3 per cent respectively while engineering major Larsen & Toubro edged higher by 2.6 per cent. Private sector lender IndusInd Bank ticked up by 3.2 per cent. However, Eicher Motors fell by 2.3 per cent while Bajaj Auto, Bharat Petroleum Corporation, Cipla and Tata Consultancy Services closed in the red. Meanwhile, Asian shares were buoyed by Chinese markets after Beijing eased monetary policy to support slowing growth. Investors also cheered news that the United States and China will sign a trade pact soon after a year of volatile negotiations between the world's two largest economies. In China, the Shanghai Composite Index was 1.15 per cent higher but Seoul's Kospi began the year down by 1.02 per cent. Markets in Japan were closed for a national holiday. US President Donald Trump said on Tuesday that phase one of the trade deal with China will be signed on January 15 at the White House, though uncertainty surrounds details about the agreement.

Sensex gains by 321 points as Nifty closes on high record, Tata Motors on top winner

Equity benchmark indices started calendar 2020 on a firm note with most sectoral indices in the green during early hours on Wednesday.

A day earlier, Finance Minister Nirmala Sitharaman announced a <a href="https://www.wionews.com/india-news/government-unveils-rs-102-lakh-crore-infrastructure-projects-for-next-5-years-271319">Rs 102 lakh crore infrastructure project pipeline</a> for the next five years at a time when overall economic growth is slowing.

The move is likely to help the country nearly double the size of GDP to five trillion dollars by 2025.At 10:15 am, the BSE S&amp;P Sensex was up by 79 points to 41,333 while the Nifty 50 edged higher by 20 points at 12,189.Most sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal up by 0.52 per cent, IT by 0.39 per cent and realty by 0.2 per cent.

Among stocks, JSW Steel gained by 1.15 per cent to trade at Rs 273.15 per share while Vedanta moved up by 0.98 per cent and Tata Steel by 0.73 per cent.

Adani Ports added gains of 1.97 per cent and engineering major Larsen &amp; Toubro ticked up by 1.5 per cent.

The other prominent gainers were index heavyweight Reliance Industries, Bharti Infratel, Wipro and IndianOil Corporation. However, among the losers were IndusInd Bank, Eicher Motors, Coal India, ONGC and Nestle India.&nbsp;

 
&nbsp;

Equity benchmark indices started calendar 2020 on a firm note with most sectoral indices in the green during early hours on Wednesday. A day earlier, Finance Minister Nirmala Sitharaman announced a Rs 102 lakh crore infrastructure project pipeline for the next five years at a time when overall economic growth is slowing.

Equity benchmark indices started calendar 2020 on a firm note with most sectoral indices in the green during early hours on Wednesday. A day earlier, Finance Minister Nirmala Sitharaman announced a Rs 102 lakh crore infrastructure project pipeline for the next five years at a time when overall economic growth is slowing. The move is likely to help the country nearly double the size of GDP to five trillion dollars by 2025.At 10:15 am, the BSE S&P Sensex was up by 79 points to 41,333 while the Nifty 50 edged higher by 20 points at 12,189.Most sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal up by 0.52 per cent, IT by 0.39 per cent and realty by 0.2 per cent. Among stocks, JSW Steel gained by 1.15 per cent to trade at Rs 273.15 per share while Vedanta moved up by 0.98 per cent and Tata Steel by 0.73 per cent. Adani Ports added gains of 1.97 per cent and engineering major Larsen & Toubro ticked up by 1.5 per cent. The other prominent gainers were index heavyweight Reliance Industries, Bharti Infratel, Wipro and IndianOil Corporation. However, among the losers were IndusInd Bank, Eicher Motors, Coal India, ONGC and Nestle India.

Equities begin 2020 on a positive note led by metal stocks

Equity benchmark indices traded range-bound on Wednesday but closed in the green as investors contemplated stock-specific action on the first trading session of the calendar year 2020.

The BSE S&amp;P Sensex closed 52 points up at 41,306 while the Nifty 50 edged higher by 21 points at 12,190.

Sectoral indices at the National Stock Exchange (NSE) were mixed a day after Finance Minister Nirmala Sitharaman announced a Rs 102 lakh crore infrastructure pipeline project for the next five years at a time when overall economic growth is slowing.

Among stocks, Adani Ports was the top winner with an intra-day gain of 3.13 per cent to Rs 377.45 per share. Power Grid Corporation gained by 2.8 per cent while NTPC ticked up by 2.1 per cent.

The other prominent gainers were Vedanta, Bharti Infratel, Infosys, Mahindra &amp; Mahindra, HDFC, Larsen &amp; Toubro and Hindustan Lever.

However, private sector lenders slipped with IndusInd Bank down by 1.5 per cent, Axis Bank by 0.7 per cent and Kotak Mahindra Bank by 0.6 per cent.

Titan was down by 2.7 per cent despite Crisil upgrading its rating on its long-term bank facilities totalling Rs 2,850 crore to AAA with a stable outlook.

Auto majors like Eicher Motors, Bajaj Auto and Maruti too were in the red along with ONGC, Zee Entertainment, and Tata Steel.

Equity benchmark indices traded range-bound on Wednesday but closed in the green as investors contemplated stock-specific action on the first trading session of the calendar year 2020.

Equity benchmark indices traded range-bound on Wednesday but closed in the green as investors contemplated stock-specific action on the first trading session of the calendar year 2020. The BSE S&P Sensex closed 52 points up at 41,306 while the Nifty 50 edged higher by 21 points at 12,190. Sectoral indices at the National Stock Exchange (NSE) were mixed a day after Finance Minister Nirmala Sitharaman announced a Rs 102 lakh crore infrastructure pipeline project for the next five years at a time when overall economic growth is slowing. Among stocks, Adani Ports was the top winner with an intra-day gain of 3.13 per cent to Rs 377.45 per share. Power Grid Corporation gained by 2.8 per cent while NTPC ticked up by 2.1 per cent. The other prominent gainers were Vedanta, Bharti Infratel, Infosys, Mahindra & Mahindra, HDFC, Larsen & Toubro and Hindustan Lever. However, private sector lenders slipped with IndusInd Bank down by 1.5 per cent, Axis Bank by 0.7 per cent and Kotak Mahindra Bank by 0.6 per cent. Titan was down by 2.7 per cent despite Crisil upgrading its rating on its long-term bank facilities totalling Rs 2,850 crore to AAA with a stable outlook. Auto majors like Eicher Motors, Bajaj Auto and Maruti too were in the red along with ONGC, Zee Entertainment, and Tata Steel.

Equity indices close in the green, Adani Ports gains by 3.1 per cent

Indian&nbsp;stocks&nbsp;slipped on Tuesday but hovered around their all-time highs as investors booked&nbsp;year-end&nbsp;profits, while the benchmark&nbsp;<a href="https://www.wionews.com/business-economy/sensex-nifty-edge-higher-in-rangebound-trade-gail-power-grid-rise-270934">Nifty&nbsp;index</a> was poised for a nearly&nbsp;13 per cent&nbsp;gain in&nbsp;2019.

On the last trading day of the&nbsp;year, the NSE&nbsp;Nifty&nbsp;50 index was down 0.36 per cent&nbsp;at 12,211.60 by 0445 GMT, while the S&amp;P BSE Sensex was trading 0.38 per cent lower at 41,401.35.

The&nbsp;Nifty&nbsp;has risen 12.5 per cent&nbsp;so far this&nbsp;year, while the Sensex has climbed 14.8 per cent. Both blue-chip indexes hit fresh record highs this&nbsp;year&nbsp;and have gained sharply more than in 2018, even as economic growth&nbsp;slipped to a five-year&nbsp;low this&nbsp;year&nbsp;amid a slowdown in demand for everything from cars to cookies.

Still, the gap between large-cap&nbsp;shares&nbsp;and their smaller peers was stark. The <a href="https://www.wionews.com/business-%26-economy/bse-to-launch-commodity-derivatives-trading-from-1-october-135458?amp">BSE</a> MidCap index has shed 3 per cent&nbsp;this&nbsp;year, while the BSE SmallCap index is down 7 per cent.

Asian equities also&nbsp;slipped on Tuesday, mirroring declines on Wall Street, as investors locked in gains made since the <a href="https://www.wionews.com/world/phase-one-trade-deal-with-china-would-be-signed-very-shortly-donald-trump-269576">United States and China deal</a> this month.

The&nbsp;Nifty&nbsp;Bank index and the&nbsp;Nifty&nbsp;PSU Bank index, which have each rallied roughly 17 per cent&nbsp;since early October, were down 0.40 per cent and 0.33 per cent, respectively.

Twelve of the 13 stocks on the&nbsp;Nifty&nbsp;PSU Bank index, which tracks state-run lenders, were in the red.&nbsp;Indian&nbsp;Overseas Bank fell 2.1 per cent.

The&nbsp;Nifty&nbsp;Auto index, which has climbed 23 per cent from a record low in July, was down 0.40 per cent. The index still lost 10 per cent this&nbsp;year&nbsp;as automakers battled a crippling slowdown that forced them to cut production and jobs.

"When the market is near an all-time high, there's a probability of a correction ... we are seeing that today," said Siddharth Sedani, head of equity advisory at Anand Rathi Financial Services Ltd in Mumbai.

The&nbsp;Nifty&nbsp;50 last hit an intraday record high of 12,293.90 on December&nbsp;20.

Indian stocks slipped on Tuesday but hovered around their all-time highs as investors booked year-end profits, while the benchmark Nifty index was poised for a nearly 13 per cent gain in 2019.

Indian stocks slipped on Tuesday but hovered around their all-time highs as investors booked year-end profits, while the benchmark Nifty index was poised for a nearly 13 per cent gain in 2019. On the last trading day of the year, the NSE Nifty 50 index was down 0.36 per cent at 12,211.60 by 0445 GMT, while the S&P BSE Sensex was trading 0.38 per cent lower at 41,401.35. The Nifty has risen 12.5 per cent so far this year, while the Sensex has climbed 14.8 per cent. Both blue-chip indexes hit fresh record highs this year and have gained sharply more than in 2018, even as economic growth slipped to a five-year low this year amid a slowdown in demand for everything from cars to cookies. Still, the gap between large-cap shares and their smaller peers was stark. The BSE MidCap index has shed 3 per cent this year, while the BSE SmallCap index is down 7 per cent. Asian equities also slipped on Tuesday, mirroring declines on Wall Street, as investors locked in gains made since the United States and China deal this month. The Nifty Bank index and the Nifty PSU Bank index, which have each rallied roughly 17 per cent since early October, were down 0.40 per cent and 0.33 per cent, respectively. Twelve of the 13 stocks on the Nifty PSU Bank index, which tracks state-run lenders, were in the red. Indian Overseas Bank fell 2.1 per cent. The Nifty Auto index, which has climbed 23 per cent from a record low in July, was down 0.40 per cent. The index still lost 10 per cent this year as automakers battled a crippling slowdown that forced them to cut production and jobs. "When the market is near an all-time high, there's a probability of a correction ... we are seeing that today," said Siddharth Sedani, head of equity advisory at Anand Rathi Financial Services Ltd in Mumbai. The Nifty 50 last hit an intraday record high of 12,293.90 on December 20.

Indian shares slip on year-end profit booking; Nifty set for 13% jump in 2019

&nbsp;Indian shares rose modestly on Monday as blue-chip stocks moved in a tight range, with <a href="https://www.wionews.com/business-economy/india-incs-foreign-borrowings-down-45-in-january-2019-201096">Power Grid Corp</a> and <a href="https://www.wionews.com/india-news/ioc-bpcl-keen-to-acquire-gail-which-wants-to-merge-with-ongc-27730">GAIL Ltd</a> gaining about 1.5 per cent&nbsp;each.

In the penultimate trading session of the year, the <a href="https://www.wionews.com/business-economy/sensex-nifty-close-higher-financials-gain-269350">NSE Nifty 50 index</a> was up 0.20 per cent&nbsp;at 12,270.65 by 0438 GMT, while the S&amp;P BSE Sensex was 0.21&nbsp;per cent&nbsp;higher at 41,661.65.

The Nifty has climbed 13&nbsp;per cent&nbsp;so far in 2019, while Sensex has gained 15.6 per cent.

Asian stock markets hovered around an 18-month high on Monday, as Chinese equities gained after an upbeat forecast for retail sales and expectations that a new benchmark for loans could lower borrowing costs and boost growth.

Vodafone Idea Ltd was the outlier on the index with a nearly 7&nbsp;per cent&nbsp;gain. Rival telecom firm Bharti Airtel Ltd hiked prices on its prepaid plans starting Sunday, according to media reports.

"Market (is) likely to stay rangebound ahead of the year-end," analysts at Motilal Oswal Financial Services said in a report.

Meanwhile, India's small- and mid-cap stocks rose more than their larger peers. The S&amp;P BSE MidCap index was up 0.4 per cent, while the S&amp;P BSE SmallCap index gained 0.56 per cent.

"The fact that small- and mid-caps have started to perform has given some boost to sentiment," said Deepak Jasani, head of retail research at HDFC Securities in Mumbai. "Small- and mid caps have underperformed for two years and they do have value."

Shares in Prince Pipes and Fittings fell 10.1 per cent&nbsp;in their stock market debut. The polymer pipes manufacturer's listing comes as Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed.

Shares in cigarettes-to-hotels conglomerate <a href="https://www.wionews.com/business-economy/itc-chairman-y-c-deveshwar-passes-away-217709">ITC</a> rose 1.1 per cent, while those in Power Grid Corp of India and GAIL rose about 1&nbsp;per cent&nbsp;each.

The gains in the latter two stocks came even as the PTI news agency reported that India's department of telecom had ruled out any relief from its side on the dues owed to it by Power Grid, GAIL, and other non-telecom companies.

Indian shares rose modestly on Monday as blue-chip stocks moved in a tight range, with Power Grid Corp and GAIL Ltd gaining about 1.5 per cent each. In the penultimate trading session of the year, the NSE Nifty 50 index was up 0.

Indian shares rose modestly on Monday as blue-chip stocks moved in a tight range, with Power Grid Corp and GAIL Ltd gaining about 1.5 per cent each. In the penultimate trading session of the year, the NSE Nifty 50 index was up 0.20 per cent at 12,270.65 by 0438 GMT, while the S&P BSE Sensex was 0.21 per cent higher at 41,661.65. The Nifty has climbed 13 per cent so far in 2019, while Sensex has gained 15.6 per cent. Asian stock markets hovered around an 18-month high on Monday, as Chinese equities gained after an upbeat forecast for retail sales and expectations that a new benchmark for loans could lower borrowing costs and boost growth. Vodafone Idea Ltd was the outlier on the index with a nearly 7 per cent gain. Rival telecom firm Bharti Airtel Ltd hiked prices on its prepaid plans starting Sunday, according to media reports. "Market (is) likely to stay rangebound ahead of the year-end," analysts at Motilal Oswal Financial Services said in a report. Meanwhile, India's small- and mid-cap stocks rose more than their larger peers. The S&P BSE MidCap index was up 0.4 per cent, while the S&P BSE SmallCap index gained 0.56 per cent. "The fact that small- and mid-caps have started to perform has given some boost to sentiment," said Deepak Jasani, head of retail research at HDFC Securities in Mumbai. "Small- and mid caps have underperformed for two years and they do have value." Shares in Prince Pipes and Fittings fell 10.1 per cent in their stock market debut. The polymer pipes manufacturer's listing comes as Indian initial public offerings tumbled to a 4-year low by value in 2019 as the economy slowed. Shares in cigarettes-to-hotels conglomerate ITC rose 1.1 per cent, while those in Power Grid Corp of India and GAIL rose about 1 per cent each. The gains in the latter two stocks came even as the PTI news agency reported that India's department of telecom had ruled out any relief from its side on the dues owed to it by Power Grid, GAIL, and other non-telecom companies.

Sensex, Nifty edge higher in rangebound trade; GAIL, Power Grid rise

Indian stock markets on Monday ended on a flat note amid mixed global cues and lack of market participants in the holiday season.&nbsp;

The BSE S&amp;P Sensex closed 17 points lower at 41,558.

The NSE Nifty 50 index ended 0.08% higher at 12,255.85, while the S&amp;P BSE Sensex closed down 0.04% at 41,558.00.

With one trading session left in 2019, the Nifty is up 12.8% this year, while the Sensex had gained 15.2%.

Tata Motors rose 4.3%, while Mahindra and Mahindra gained 1.5%. Maruti Suzuki Ltd added 1%.

The Nifty Auto index has fallen nearly 10% this year amid a sales slowdown in the industry.

(With inputs from agencies)

Indian stock markets on Monday ended on a flat note amid mixed global cues and lack of market participants in the holiday season. The BSE S&P Sensex closed 17 points lower at 41,558.

Indian stock markets on Monday ended on a flat note amid mixed global cues and lack of market participants in the holiday season. The BSE S&P Sensex closed 17 points lower at 41,558. The NSE Nifty 50 index ended 0.08% higher at 12,255.85, while the S&P BSE Sensex closed down 0.04% at 41,558.00. With one trading session left in 2019, the Nifty is up 12.8% this year, while the Sensex had gained 15.2%. Tata Motors rose 4.3%, while Mahindra and Mahindra gained 1.5%. Maruti Suzuki Ltd added 1%. The Nifty Auto index has fallen nearly 10% this year amid a sales slowdown in the industry. (With inputs from agencies)

Stock markets end flat: Sensex closes 17 points lower, Nifty at 12,256

Equity benchmark indices were buoyant during early hours on Friday in line with Asian markets as investors hoped that the <a href="https://www.wionews.com/world/trump-says-he-and-xi-jinping-will-sign-china-trade-deal-270340">US-China trade deal</a> will soon be signed.

At 10:15 am, the <a href="https://www.wionews.com/business-economy/sensex-falls-by-298-points-psu-banks-underperform-270367">BSE S&amp;P Sensex</a> was up by 195 points to 41,359 while the Nifty 50 edged higher by 54 points at 12,181.

Apart from Nifty IT and metal, all sectoral indices at the National Stock Exchange were in the green. Nifty PSU bank jumped by 2.62 per cent. Nifty financial service gained by half per cent while auto ticked up by 0.6 per cent.

Among stocks, State Bank of India rose by 2.12 per cent to Rs 336.85 per share while Yes Bank and Axis Bank moved up by 1.3 per cent and 1.1 per cent respectively. Index heavyweight Reliance Industries jumped by 1.2 per cent to Rs 1,533.70 per share.

The other prominent gainers were Zee Entertainment, Power Grid Corporation, Cipla, <a href="https://www.wionews.com/india-news/were-following-government-order-bharti-airtel-chairman-on-blocking-telecom-services-in-parts-of-delhi-269152">Bharti Airtel</a>, Adani Ports and UPL.

However, JSW Steel and Tata Steel traded with marginal losses like IT majors Tata Consultancy Services, Wipro and HCL Technologies. NTPC, Hindustan Lever and Bajaj Auto too were in the negative terrain.

Meanwhile, Asian shares jumped to an 18-month high as investor optimism was boosted by hopes that the US-China trade deal will soon be signed. Beijing said it is in close contact with Washington about an initial trade agreement.

MSCI`s broadest index of Asia Pacific shares outside Japan was up by 0.55 per cent while Japan`s Nikkei lay flat. <a href="https://www.wionews.com/business-economy/tokyo-stocks-open-slightly-lower-in-muted-trading-270098">Japan</a> has approved a record budget for the coming fiscal year in a bid to shore up growth.

Chinese shares were upbeat after Beijing laid out additional plans to bolster its economy, including infrastructure investments, with blue-chip CSI300 adding 0.56 per cent.

Equity benchmark indices were buoyant during early hours on Friday in line with Asian markets as investors hoped that the US-China trade deal will soon be signed.

Equity benchmark indices were buoyant during early hours on Friday in line with Asian markets as investors hoped that the US-China trade deal will soon be signed. At 10:15 am, the BSE S&P Sensex was up by 195 points to 41,359 while the Nifty 50 edged higher by 54 points at 12,181. Apart from Nifty IT and metal, all sectoral indices at the National Stock Exchange were in the green. Nifty PSU bank jumped by 2.62 per cent. Nifty financial service gained by half per cent while auto ticked up by 0.6 per cent. Among stocks, State Bank of India rose by 2.12 per cent to Rs 336.85 per share while Yes Bank and Axis Bank moved up by 1.3 per cent and 1.1 per cent respectively. Index heavyweight Reliance Industries jumped by 1.2 per cent to Rs 1,533.70 per share. The other prominent gainers were Zee Entertainment, Power Grid Corporation, Cipla, Bharti Airtel, Adani Ports and UPL. However, JSW Steel and Tata Steel traded with marginal losses like IT majors Tata Consultancy Services, Wipro and HCL Technologies. NTPC, Hindustan Lever and Bajaj Auto too were in the negative terrain. Meanwhile, Asian shares jumped to an 18-month high as investor optimism was boosted by hopes that the US-China trade deal will soon be signed. Beijing said it is in close contact with Washington about an initial trade agreement. MSCI`s broadest index of Asia Pacific shares outside Japan was up by 0.55 per cent while Japan`s Nikkei lay flat. Japan has approved a record budget for the coming fiscal year in a bid to shore up growth. Chinese shares were upbeat after Beijing laid out additional plans to bolster its economy, including infrastructure investments, with blue-chip CSI300 adding 0.56 per cent.

Equities trade higher on global cues, PSU banks rally

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