The Nifty Financial Services index settled 1.1 per cent higher led by a rise in the shares of Max Financial Services, Power Finance Corporation and Mahindra & Mahindra Financial Services

Stock market

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	The benchmark indices ended marginally higher on Thursday led by a rise in the banking and financial stocks.&nbsp;<br />
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	The S&P BSE Sensex ended at 35,261, up 119 points, while the broader Nifty50 index settled at 10,617, up 40 points.<br />
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	Among the sectoral indices, the Nifty Financial Services index settled 1.1&nbsp;per cent&nbsp;higher led by a rise in the share prices of Max Financial Services,&nbsp;Power Finance Corporation and&nbsp;Mahindra & Mahindra Financial Services. The Nifty Bank index, too, ended 0.9 per cent&nbsp;higher led by&nbsp;IDFC Bank and Axis Bank.<br />
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	YES Bank fell 7.3&nbsp;per cent&nbsp;to Rs 206.30 on the BSE after&nbsp;Ashok Chawla, the bank&#39;s non-executive chairman, stepped down with immediate effect, following his name appearing in Aircel-Maxis controversy. Independent Director Vasant Gujarathi has also quit, citing personal commitments. The bank&#39;s board has appointed Uttam Prakash Agarwal as additional director (Independent) for five years, subject to shareholder&rsquo;s approval.<br />
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	Vodafone Idea ended 10.6&nbsp;per cent lower at Rs&nbsp;37.05 on the BSE after the company reported a net loss of Rs 49.7 billion on a revenue of Rs 120.2 billion. For the July-September quarter, earnings before interest, tax, depreciation and amortisation (Ebitda) declined 28.7 per cent to Rs 9.8 billion.<br />
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	The rupee is traded on a firm note on Thursday having risen to a near two-month high of 71.86 against the dollar in intra-day trade, up from its previous close of 72.31 against the greenback.</div>
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	<strong>GLOBAL MARKETS</strong></div>
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	Asian stocks rose on Thursday, cheered by a bounce in Chinese equities on signs China and the United States may be taking steps to de-escalate their bitter trade dispute, while oil prices resumed their retreat on fears of oversupply.</div>
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent. The index had fallen the previous day as the sharp slide in oil prices heightened anxiety about the outlook for broad demand and global growth. Shanghai Composite Index gained 0.9 per cent, while Hong Kong&#39;s Hang Seng rose 0.8 per cent.<br />
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		Elsewhere, Australian stocks inched up 0.05 per cent and Japan&#39;s Nikkei shed 0.2 per cent.<br />
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	<em>(with Reuters input)</em></div>

MARKET WRAP: Sensex gains 119 pts, Nifty ends at 10,617; YES Bank sinks 7%

Business Standard

MARKET WRAP: Sensex gains 119 pts, Nifty ends at 10,617; YES Bank sinks 7% | News on Markets - Business Standard

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	<strong>Oil check</strong></div>
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	US crude was a shade lower at $55.92 per barrel after gaining 1 per cent overnight, snapping a 12 day losing run on growing prospects that the Organization of the Petroleum Exporting Countries (OPEC) and allied producers would cut output.&nbsp;</div>
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	Brent crude settled up 65 cents, or 1 per cent, at $66.12 a barrel, after hitting a session high of $67.63. US crude futures rose 56 cents, or 1.01 per cent, to settle at $56.25 a barrel, after sliding for 12 straight sessions to the lowest since November 2017.</div>

<strong>Rupee check</strong><br />
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The rupee appreciated 67 paise to 72 against the US dollar at the interbank foreign exchange on Wednesday after crude prices fell to a one-year low in the global market, easing concerns over expanding current account deficit and inflation.

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	<strong>SGX Nifty</strong></div>
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	At 8.25 am, SGX nifty was trading 29.50 points or 0.28 per cent higher at 10,630 level.</div>

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	<strong>Asia edges up as oil slide slows</strong></div>
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	Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.</div>
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	MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was up 0.15 per cent. Australian stocks rose 0.15 per cent while Japan&rsquo;s Nikkei shed 0.5 per cent.</div>

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	<strong>S&amp;P 500 falls for fifth day as financials drag</strong></div>
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	Wall Street stocks fell on Wednesday, with the S&amp;P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives. The financial sector dropped 1.4 per cent and was the biggest percentage decliner on the S&amp;P 500. The S&amp;P 500 Banks index fell 1.7 per cent.</div>
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	The Dow Jones Industrial Average fell 205.99 points, or 0.81 per cent, to 25,080.5, the S&amp;P 500 lost 20.6 points, or 0.76 per cent, to 2,701.58 and the Nasdaq Composite dropped 64.48 points, or 0.9 per cent, to 7,136.39.</div>

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