Top gainers on the 50-scrip index were Infosys, TCS, Axis Bank and Tata Motors, trading between 1.1 percent and 2 percent higher.

Domestic stock markets started Wednesday’s session on a strong note tracking gains in Asian peers on hopes of a US-China trade deal. The Sensex jumped as much as 269 points to touch 36,250, while the Nifty advanced 66.95 points – or 0.6 percent – to 10,869, supported by buying in information technology stocks. Analysts awaited key corporate earnings due this week for cues.

Here are 10 things to know:

1. At 10:20 am, the Sensex was trading 197 points higher at 36,178, and the Nifty was up 51 points at 10,853.

2. Top gainers on the 50-scrip index were Infosys, Axis Bank, Tech Mahindra, Eicher Motors and HUL, trading between 1.1 percent and 2.4 percent higher.

3. The Nifty IT – comprising technology stocks – jumped as much as 1.5 percent in the morning.

4. Infosys shares jumped nearly 3 percent to hit an intraday high of Rs. 689.80 by then, a day after the IT major said its board will consider a share buyback and a special dividend in its meeting on January 11.

5. Analysts say investors will closely watch the key corporate earnings due this week for domestic cues.

6. TCS and Infosys will report their financial results for the October-December period on Thursday and Friday respectively.

7. Domestic equity markets tracked across Asian peers, where increasing optimism that China and the US will be able to hammer out a deal to help ease their trade war provided the impetus for more gains. In morning trade, Hong Kong rose 2.4 percent and Shanghai added 1.6 percent, while Tokyo went into the break 1.3 percent higher.

8. The mood among dealers has improved markedly this week as officials from China and the US hunker down for trade negotiations in Beijing that have extended into the third day. US President Donald Trump on Tuesday described them as going “very well”, news agency AFP reported.

9. The Sensex ended a choppy trading session on Tuesday 130 points – or 0.4 percent – higher at 35,980, while the Nifty rose 30 points to 10,802.

10. Meanwhile, the rupee edged higher to 70.14 against the dollar in early trade, as against its previous close of 70.20. The currency is forecast to weaken to 71.50 per dollar in a year, according to a poll by news agency Reuters.

Courtesy by : NDTV