Stock market Highlights: The stock markets–Sensex and Nifty–recovered from lows in the afternoon trade on Thursday. The Sensex closed 89.32 points higher to 36,725.42, while the Nifty closed above the 11,050-mark. L&T shares surged by more than 3% to emerge among the biggest Sensex gainers, after its construction arm bagged multiple “large” contracts in the domestic markets. The stock ended 2.7% higher at Rs 1,351.35 on BSE. Axis Bank share price closed 1.6% higher at Rs 731.10 on BSE in the afternoon trade on Thursday.
Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting. Japan s Nikkei average fell 0.6 percent, while Australian shares added 0.2 percent. MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trade. It was not far from its five-month high marked last week and was up 10.4 percent year-to-date. We bring to you LIVE updates.