Infosys, Tata Motors, Bharti Airtel, Vedanta Sun Pharma and HDFC are top gainers, whereas HPCL, Tata Steel, HCL Tech, IndusInd Bank and BPCL lead losses. Here are the latest updates from the markets

The BSE Sensex and NSE’s Nifty 50 rose on Wednesday following gains in Asian shares, supported by growing hopes that the US and China can strike a trade deal to avoid an all-out confrontation that would disrupt the global economy. Stock markets in Hong Kong, South Korea and Japan led gains after all major US benchmarks climbed. Investors turned their focus to December-quarter earnings, with IT majors TCS and Infosys reporting their results later this week. Oil prices extended gains and rose around 1% over Us-China trade talks.

9.48 am IST
Yes Bank shares trade lower ahead of board meeting
Yes Bank shares traded 0.83% lower at Rs 190.70 per share, Intraday, the stock fell as much as 1.19% to Rs 190 per share. It hit a high of 193.95 per share. The bank’s board will meet today to decide on the appointment of a new CEO.
9.35 am IST
Jet Airways shares struggle as banks propose resolution plan
Jet Airways shares traded 0.5% lower at Rs 244 per share. The stock fell as much as 1.3% to Rs 241.95 per share in opening trade. Local lenders to Jet Airways, led by State Bank of India (SBI), on Tuesday proposed a $900 million resolution plan, comprising fresh equity infusion and restructuring of $450 million of its loans, Mint reported, citing two people directly aware of the development. The Jet Airways’ turnaround plan, if approved by all stakeholders, will trigger a change in Jet Airways’ shareholding, with founder chairman Naresh Goyal’s stake falling below the current 51%.

9.22 am IST
Infosys shares rise nearly 3% on share buyback proposal
Infosys shares rose as much as 2.8% to Rs 688.70 per share after the IT company said it will consider proposals for share buyback and special dividend during its board meeting on January 11.
9.11 am IST
Rupee edges higher against US dollar
The Indian rupee strengthened marginally against the US dollar, tracking gains in Asian markets as increasing optimism the US and China will be able to defuse their trade war outweighed a worsening global growth outlook. At 9.10am, the rupee was trading at 70.13 a dollar, up 0.09% from previous close of 70.20. The home currency opened at 70.06 a dollar. The 10-year bond yield was trading at 7.53% from its Tuesday’s close of 7.532%.

source: livemint.com