Tata Motors, Bharti Airtel, Vedanta, SBI, Titan and Sun Pharma are among the top gainers, whereas ONGC, Kotak Bank, BPCL, HDFC and Bharti infratel lead losses. Here are the latest updates from the markets

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on the last day of the year, extending gains for a fourth day, as global markets advanced following progress in Us-China trade negotiations. Equities gained in Hong Kong and Australia, along with US stocks futures after Donald Trump said in a tweet that negotiations were “moving along very well” toward a comprehensive deal and Chinese state media cited President Xi Jinping as saying he believed both sides wanted “stable progress.” Oil prices edged higher but remain on track for the first yearly decline in three years amid concerns of a supply glut.

10.15 am IST
Oriental Bank shares rise after govt funding announcement
Oriental Bank of Commerce shares traded 0.6% up at Rs 96 per share after rising as much as 1.8% to Rs 97.15 per share. The bank disclosed that the government has conveyed its decision to invest Rs 5,500 crore in the bank by way of preferential allotment.
9.52 am IST
Asian Granito shares down 7%
Shares of Asian Granito India Ltd fell 7% to Rs 173.75 after its founder Mukesh Patel arrested by DRI for illegal transaction of import amount of Rs 3.5 crore
9.33 am IST
Kotak Bank shares trade lower as RBI deadline to cut promoters stake ends today
Shares of Kotak Mahindra Bank fell 0.3% to Rs 1,240 as investors were cautious ahead of RBI’s deadline today for Kotak Bank to cut Uday Kotak’s holding.

9.26 am IST
Aavas Financiers shares rise on Rs 500 crore funding
Aavas Financiers Ltd said it has received Rs 400 crore from National Housing Bank, in addition to the approval of undrawn limit of Rs 100 crore from the previous year. Shares rose as much as 1.45% to Rs 832 per share.
9.15 am IST
Rupee gains against US dollar
The Indian rupee strengthened marginally following gains in its Asian peers, but remaining on track for the worst performance in Asia in eight years. At 9.15am, the rupee was trading at 69.81 a dollar, up 0.18% from previous close. It opened at 69.79. The 10-year gilt yield was trading at 7.372% from its previous close of 7.385%. So far this year, the rupee was Asia’s biggest depreiciated currency, down nearly 9%. Last time the home currency was weakest in Asia in 2011, down by nearly 15.8%. Foreign investors have pulled out over $11 billion from local equity and debt market, year to date.

source: livemint.com