BPCL, Yes Bank, Asian Paints, Hero MotoCorp and IndusInd Bank are among top gainers on the key indices. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 advanced over 1% on Friday led by gains in shares of oil companies as oil prices declined. Moreover, positive cues from Asian markets also boosted sentiment. Asian equity markets rose as China and the United States expressed optimism about resolving their trade issues, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares, Reuters reported. The 10-year government bond yield on Friday fell to a near three-month low as declining crude oil prices eased concerns of inflation and fiscal slippage. The rupee strengthened against the US dollar.

9.40 am IST
Market update: Sensex, Nifty rise over 1%
The BSE Sensex rose 398.44 points, or 1.16%, to 34,830.41, while the Nifty 50 gained 117.35 points, or 1.13%, to 10,497.80. The BSE MidCap and SmallCap indices surged 1.49% and 1.34%, respectively.
All the sectoral indices on BSE traded in green with auto and consumer discretionary goods rising over 2%. Oil and gas, realty, industrials, consumer durables and bankex rose over 1.5%.

9.24 am IST
HCC shares fall on write offs in real estate unit
HCC shares rose 5.55% to Rs 13.50 after the company said it provided for an exceptional loss of Rs 2,011.13 crore related to write offs of its investment in group firms HCC Real Estate Limited (HREL) and Lavasa Corporation Ltd (LCL)

9.20 am IST
OMC stocks gains on falling oil prices
Shares of oil marketing companies were trading higher after crude oil prices fell below $73 bbl mark. Bharat Petroleum Corp Ltd rose 4.2%, Hindustan Petroleum Corp Ltd 2.2% Indian Oil Corp Ltd 3.2%.

source: livemint.com