Indian benchmark indices BSE Sensex and NSE’s Nifty 50 advanced on Friday, extending gains for a thrid day, led by finance stocks. The government’s plan to infuse Rs 28,615 crore into PSU banks boosted shares of financial services companies on hopes that the recapitalisation would ease liquidity concerns for NBFCs and HFCs. An afternoon rally in US stocks also boosted sentiment despite mixed cues from Asian markets. Stocks in Japan fell, while Sydney, Seoul and Hong Kong saw modest gains. In the US, the the S&P 500 Index erased a drop of almost 3% in its afternoon recovery—the biggest upward reversal since 2010. Oil prices fell over 4%, retreating from an 8% rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. Here are the latest updates from the markets: