January 10, 2020 / 5:22 AM / a month ago

Nifty, Sensex end higher on cooling oil prices; all eyes on Infosys results

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, December 28, 2017. REUTERS/Danish Siddiqui/File Photo

(Reuters) - Indian shares ended higher on Friday as easing U.S.-Iran tensions pulled down oil prices, while investors awaited December quarter earnings from IT bellwether Infosys Ltd scheduled to be released later in the day.

Cooling crude propped up equities at the third-largest global oil consumer, with the blue-chip NSE Nifty 50 index hitting a record high during the session at 12,311.20.

The Nifty ended nearly 0.33% higher at 12,256.80, while the benchmark Sensex jumped 0.36% to 41,599.72. The Nifty and Sensex posted a weekly gain of 0.25% and 0.33%, respectively.

Coal India Ltd was the top gainer on the Nifty index, closing 3.69% higher.

Shares of Yes Bank Ltd closed 5.39% lower, the biggest loser on the Nifty after its independent director Uttam Prakash Agarwal said he was leaving the private sector lender, citing issues with fundraising and corporate governance.

Shares of IT giant Infosys Ltd closed 1.46% higher ahead of its third quarter results to be released later in the day.

Tata Motors Ltd shares closed 2.27% higher after reporting a 1.3% rise in December retail sales for Jaguar Land Rover.

Reporting by Philip George in Bengaluru; Editing by Rashmi Aich

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