Nifty Bank index ended over 1% higher led by a rise in the shares of IDFC Bank and IndusInd Bank. Reliance Industries rose 2.3% on the National Stock Exchange.

MARKETS LIVE: RIL, bank stocks push Sensex 200 pts up; Nifty above 10,750


Markets ended higher on Wednesday despite mixed cues from their Asian peers amid ongoing trade war tensions between the US-China.<br />
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The S&P BSE Sensex ended at 35,547, up 261 points while the broader Nifty50 index settled at 10,772, up 62 points.<br />
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	Financials led the gains on the indexes, with HDFC Bank and HDFC rising for a second straight session. Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) and Vedanta Ltd, the local unit of diversified mining group Vedanta Resources Plc, were the top percentage gainers on the BSE and NSE.<br />
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	<strong>MINUTES OF THE MEETING</strong><br />
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	Investors were also waiting for the minutes of RBI&#39;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.</div>
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<strong>GLOBAL MARKETS</strong><br />
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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.<br />
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Japan&#39;s Nikkei was 0.1 per cent higher after earlier falling into negative territory. South Korea&#39;s KOSPI rose 1 per cent.&nbsp;In China, the Shanghai Composite Index was down 0.3 per cent in early trade, a day after falling 3.8 per cent.&nbsp;China&#39;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.<br />
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<strong>BUSINESS SENTIMENT SURVEY</strong><br />
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	Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that US President Donald Trump&#39;s protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.&nbsp;</div>
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	The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing a six-month outlook from 61 firms, fell to 74 in the second quarter from a seven-year high of 79 in the prior three months. The survey was conducted over June 1-15. While a reading above 50 indicates a positive outlook, this is the first time the number has dropped since September 2017</div>
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<em>(with Reuters inputs)</em>

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally

Business Standard

MARKET WRAP: Sensex ends 261 pts up, Nifty at 10,772; Banks, RIL rally | News on Markets - Business Standard

<strong>Wall Street</strong><br />
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	US stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.</div>
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	The Dow Jones Industrial Average fell 287.26 points, or 1.15 per cent, to 24,700.21, the S&amp;P 500 lost 11.18 points, or 0.40 per cent, to 2,762.57 and the Nasdaq Composite dropped 21.44 points, or 0.28 per cent, to 7,725.59.</div>

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