Share market Highligts: After opening mildly lower, the Sensex and Nifty ended the day’s Tuesday’s session higher buoyed by a rally in financial heavyweights. Sensex closed 130.77 points higher at 35,980.93, while the broader Nifty 50 closed above the 10,800-mark. Sun Pharma share price ended 4.1% higher at 447.65, while SBI shares closed 3.3% higher at 305.55.
Bandhan Bank share price plunged by more than 6% to hit the day’s low at Rs 470.85. The shareholders of Gruh Finance will get 568 shares of Bandhan Bank for every 1,000 shares held. The merger is effective from January 1, 2019. TCS shares gained mildly to Rs 1,908, after the firm announced that it has received a contract from Central Bank of Kuwait.
Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further. Japan’s Nikkei rose 0.9 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up just 0.1 percent, though it was dragged down by falls in China and Taiwan. On Wall Street, the S&P 500 gained 0.7 percent on Monday following 3.4 percent surge on Friday, with Amazon.com Inc and Netflix leading the rally, Reuters reported. We bring to you LIVE updates.