Among the sectoral indices, the Nifty PSU Bank index rose 1 per cent led by Indian Bank, State Bank of India (SBI) and Vijaya Bank. The Nifty Auto index, too, rose nearly 1 per cent led by Maruti

China stocks

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	The benchmark indices ended higher on Thursday led by gains in public sector banks and automobile stocks.</div>
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	The S&P BSE Sensex ended at 35,930, up 151 points or 0.4 per cent, while the broader Nifty50 index settled at 10,792, up 54 points or 0.5 per cent.<br />
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		In the broader market, the midcap and small-cap indices outperformed their benchmark peers with the S&P BSE MidCap index ending 123 points or 0.8&nbsp;per cent higher at 15,164, while the S&P BSE SmallCap settled at 14,498 levels, up 94 points or 0.7&nbsp;per cent.<br />
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		Among the sectoral indices, the Nifty PSU Bank index rose 1 per cent&nbsp;led by Indian Bank, State Bank of India (SBI) and Vijaya Bank as the newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das held a meeting with heads of the public sector banks. The Nifty Auto index, too, rose nearly 1 per cent led by Maruti Suzuki and Tata Motors.<br />
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		Shares of YES Bank fell 6.3&nbsp;per cent to Rs 175 apiece on the National Stock Exchange (NSE) after&nbsp;the private sector lender said it is yet to finalise the name of MD & CEO. The bank held board meeting during the day where it finalised a part-time non-executive Chairman and said the final recommendations with respect to MD & CEO will be submitted to the Reserve Bank of India (RBI) after January 9, 2019.<br />
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	<strong>Global Markets</strong></div>
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		Asian equity markets rallied on Thursday on signs of easing Sino-US trade tensions and expectations that China will step up efforts soon to support its cooling economy.</div>
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent, building on early gains made after British Prime Minister Theresa May survived a no-confidence vote. In Asia, gains were concentrated in Chinese shares, with Chinese blue-chips up 1.5 per cent and Hong Kong&#39;s Hang Seng index gaining 1.1 per cent. Japan&#39;s Nikkei stock index ended 1 per cent higher.</div>
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	<em>(with Reuters inputs)</em></div>

MARKET WRAP: Sensex rises 151 pts as PSU banks shine; YES Bank slips 6%

Business Standard

MARKET WRAP: Sensex rises 151 pts as PSU banks shine; YES Bank slips 6% | News on Markets - Business Standard

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	<strong>Nifty outlook by Prabhudas Lilladher</strong></div>
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	Nifty and Bank Nifty have got its daily trend up with now Nifty closing at 200-DMA. For this trend to sustain, Nifty needs to comfortably move past 10,750-10,780 levels for projected target of 11,000. The support for the day is seen at 35,500/10,670 while resistance is seen at 36,050/10,800. Bank Nifty would have a range of 26,350-26,950. Axis Bank, IndusInd Bank along with SBI look positive for days to come. <a href="https://www.business-standard.com/article/markets/nifty-outlook-and-top-trading-ideas-by-prabhudas-lilladher-for-today-118121300120_1.html?1544670208" target="_blank"><strong>READ MORE</strong></a></div>

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	<strong>Nifty futures on SGX trade higher</strong></div>
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At 08:28 am, the Nifty futures on the Singapore Stock Exchange (SGX) were trading 44 points or 0.41 per cent higher at 10,832.50, indicating a positive opening for Nifty50.&nbsp;&nbsp;

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	<strong>Asian shares rise on pause in Brexit, trade fears</strong></div>
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	Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet US demands to open its markets. In equity markets, MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Japan&#39;s Nikkei stock index gained 0.8 per cent, while Australian shares were up 0.2 per cent.</div>

<strong>Wall Street closes higher</strong><br />
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US stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about US-China trade relations and some reassuring signs in British politics. The Dow Jones Industrial Average rose 157.03 points, or 0.64 per cent, to 24,527.27, the S&amp;P 500 gained 14.29 points, or 0.54 per cent, to 2,651.07 and the Nasdaq Composite added 66.48 points, or 0.95 per cent, to 7,098.31.

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