Sensex Gains 232 Points, Nifty Ends At 10,855 Points

MARKET

Indian shares gained  after a rollercoaster ride in the afternoon session, extending gains for the third session led by FMCG, telecom and private banks stocks. After briefly turning red, the BSE Sensex closed 231.98 points, or 0.64%, up at 36,212.91, and the Nifty 50 ended 53 points, or 0.49%, higher at 10,855.15.

Moreover, positive cues from global markets and continued buying by local investors also boosted sentiment. Investors turned their focus to December-quarter earnings, with IT majors TCS and Infosys reporting their results later this week.

In global markets, shares from Europe to Asia advanced, along with US futures on fresh hope for an end to the trade disputes between the US and China. Stock markets in Hong Kong, South Korea and Japan also rose. Oil prices extended gains and rose around 1% over Us-China trade talks. Here are the latest updates from the markets