RIL rose 2.32% on the NSE. Stock quote: Nifty Bank index ended 1.11% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) INDUSIND BANK 1974.00 1931.50 42.50 2.20 IDFC BANK 42.05 41.15 0.90 2.19 KOTAK MAH. BANK 1326.00 1303.25 22.75 1.75 HDFC BANK 2056.00 2023.50 32.50 1.61 YES BANK 335.50 330.90 4.60 1.39 Nifty sectoral gainers and losers of the day BSE Sensex: RIL, IndusInd Bank among top gainers of the day, Coal India top loser Market at close The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points. Wheels India rallies 30% in two days as company mulls bonus issue plan Shares of Wheels India hit a new high of Rs 2,690 per share, rising 11% from its previous close. The stock has surged 30% in past two trading sessions after the company announced that its board will consider a bonus issue proposal in their forthcoming board meeting on Friday, June 22, 2018. READ MORE
Markets ended higher on Wednesday despite mixed cues from their Asian peers amid ongoing trade war tensions between the US-China.
The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points.
MINUTES OF THE MEETING
Investors were also waiting for the minutes of RBI's Monetary Policy Committee meeting, which is due after market hours. The RBI raised interest rates by a quarter percentage point at its last meeting, citing rising inflation risks. The central bank said on Tuesday it would buy five government bonds worth up to Rs 100 billion under its open market purchase on Thursday.
Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a US-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains.
Japan's Nikkei was 0.1 per cent higher after earlier falling into negative territory. South Korea's KOSPI rose 1 per cent. In China, the Shanghai Composite Index was down 0.3 per cent in early trade, a day after falling 3.8 per cent. China's blue-chip CSI300 index was 0.2 per cent lower after briefly flirting with gains, and the Shenzhen Composite Index was up 0.1 per cent.
BUSINESS SENTIMENT SURVEY
(with Reuters inputs)