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Sensex, Nifty volatile; Infosys jumps 3%; TCS, Yes Bank top losers

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Benchmark equity indices remained volatile on Friday as market awaits the outcome of US-China trade meeting.

Sensex, Nifty volatile; Infosys jumps 3%; TCS, Yes Bank top losers
Benchmark equity indices remained volatile on Friday as market awaits the outcome of US-China trade meeting. Sectoral indices remain mixed while midcaps fall 0.09 percent.
At 12:31 pm, the 30-share BSE Sensex was up 114.04 points or 0.30 percent to trade at 37,994.98, while Nifty50 was trading 28.350 points or 0.24 percent higher at 11,261.90.
During the afternoon session, Nifty Metal was the best-performing index (up 1.08 percent), while Nifty PSU Bank was the worst-performer (down 0.73 percent).
Infosys, ONGC, UltraTech Cement, Cipla and Hindalco were the top-Nifty gainers while YES Bank, Indian Oil Corporation, IndusInd Bank, GAIL and BPCL remained the top laggards.
Shares of Tata Consultancy Services (TCS) fell nearly 4 percent on Friday after the company's September-quarter results failed to meet Street estimates, with most brokerages cutting their price targets for the stock.
Bandhan Bank shares jumped over 20 percent on Friday following news that the stock will be added to the MSCI Index. The stock jumped as much as 19.99 percent to Rs 607.95 per share on the NSE in intraday trade.
Infosys shares up nearly 3 percent ahead of Q2 earnings today. The company will release its second-quarter earnings on Friday and is expected to report dollar revenue growth of around 2.8 percent. In the constant currency term, Infosys is likely to see growth of 3.5 percent aided by the acquisition.
Meanwhile, Asian shares jumped on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal.
Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions
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