Vedanta, Power Grid, Reliance, BPCL and Tata Steel are top gainers on key indices, whereas Yes Bank, ONGC, TCS, and Coal India are major losers. Here are the latest updates from the markets

The benchmark Sensex Index surged over 350 points to a two-month higher in the opening session. The NSE’s Nifty 50 surged above 10,800. Markets advanced for the fourth straight day on Thursday following positive sentiment in global markets after dovish comments from the US Federal Reserve. Asian stocks advanced, tracking a surge on Wall Street, after the US Fed Chairman Jerome Powell suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets. However, gains were limited by investor jitters ahead of high-stakes trade talks between US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday on the sidelines of the G20 summit in Argentina. Oil prices rose 1%, but an increase in US crude inventories and uncertainty in the run to an OPEC meeting next week kept markets under pressure. SGX Nifty Futures traded 92 points up at 10,807, indicating a positive start for the Sensex and the Nifty 50.

9.42 am IST
Vakrangee shares hit 5% upper circuit
Vakrangee shares hit 4.96% upper circuit to trade at Rs 30.70 per share after the company disclosed that the market regulator Sebi has not found instances of any stock manipulation by promoter or promoter group entities.

9.30 am IST
Yes Bank shares fall over 5%
Yes Bank shares fell as much as 5.6% to Rs 152.60 per share after Icra on Wednesday downgraded the bank’s long-term ratings. “The rating downgrade considers the series of resignations from the board of directors, which raises concerns on corporate governance at the bank,” said the rating agency. Icra’s action came a day after its parent Moody’s Investors Service on Tuesday downgraded the rating of the bank citing corporate governance concerns and impact of leadership change on the bank’s growth plan. As of last close, Yes Bank shares had fallen 48.6 percent this year.

9.20 am IST
HUL shares rise over 1% on deal with GSK
Hindustan Unilever shares rose as much as 1.3% to Rs 1753 per share after the Mint reported, citing sources, that parent Unilever Plc is in exclusive talks with GlaxoSmithKline Plc (GSK) to to buy its nutrition business, which includes flagship brands such as Horlicks and Boost.

source: livemint.com