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This article is more than 3 year old.

Market extends gains, Nifty crosses 10,900; Yes Bank shares recover

Market extends gains, Nifty crosses 10,900; Yes Bank shares recover
The Indian equity market on Friday carried forward the momentum from Thursday's trade on positive triggers such as the Reserve Bank of India relaxing norms for secularisation of transactions by non-banking financial companies.
The global cues, however, remained mixed ahead of the crucial meeting between US president Donald Trump and his Chinese counterpart Xi Jinping at the G-20 meeting in Argentine capital Buenos Aires.
The Sensex started more than 100 points higher at 36,274 in the initial trade, while the Nifty neared the 10,900 mark, starting at 10,890, rising more than 31 points. At 9.20 am, both indexes traded half a percent higher.
The Nifty MidCap mirrored gains in frontline indexes, rising 0.29 percent. The Nifty Bank, however, started in the red, down by 0.11 percent, dragged by HDFC Bank and Kotak Mahindra Bank.
Barring BSE Consumer Durables, which was down 0.18 percent, all other 42 sectors advanced with Nifty Media, Nifty PSU Banks, Nifty Energy and BSE Realty surging by up to a percent.
Shares of Zee Entertainment, Indiabulls Housing Finance, Yes Bank, Gail surged by up to 2.27 percent, while Tata Motors, Adani Ports, Bharti Infratel, Titan and HDFC Bank were among major losers, falling by up to 3 percent.
Tata Motors' shares started lower on reports that its subsidiary Jaguar Land Rover has halted production at a UK plant until Christmas to streamline output.
In the currency space, the Indian rupee opened higher at 69.67 against the US dollar on Friday. On Thursday, the home currency had closed at 69.84 against the greenback.
Asian markets surged higher with Hong Kong's Hang Seng gaining by 0.6 percent, while Japan's Nikkei was up by 0.24 percent.
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