Indian benchmark indices started on a positive note on Thursday, with the Sensex trading higher by 92 points at 41,964 and the Nifty up 22 points at 12,366. (9.20AM)
The US and China finally signed phase 1 of the trade agreement, however, tariffs are to stay and will be addressed in phase 2 talks, the US President said.
All sectoral indices, except Nifty Metal, traded in the green. Leading the gainers were Nifty PSU Bank and Realty indices.
Bharti Airtel, ZEEL, UltraTech Cement, Reliance Industries, and Power Grid were among the top gainers, while Vedanta, Tata Steel, NTPC, Tata Motors, and ITC were the top losers on the indices.
Several corporates will report their Q3FY20 earnings today including 5paisa Capital, Asahi Industries, Cyient, Hathway Cable & Datacom, Karnataka Bank, Rallis India, South Indian Bank, and Tata Metaliks.
The Indian rupee opened higher at 70.79/$ on Thursday vs. its previous close of 70.82/$.
Meanwhile, Asian stocks hit record highs after the historic deal was signed between the two largest economies.
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