Indian share markets ended the day on a strong note. At the closing bell, the BSE Sensex finished higher by 262 points. While, the NSE Nifty finished up by 91 points. Meanwhile, the S&P BSE Midcap Index ended down by 0.1% while S&P BSE Small Cap Index ended up by 0.1%.
Barring consumer durables stocks, all sectoral indices ended the day in green with energy stocks and metal stocks leading the gainers.
Overseas, Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.1%, while the Hang Seng led the Shanghai Composite lower. They fell 0.5% and 0.4% respectively. European markets are higher today with shares in Germany leading the region. The DAX is up 1% while France's CAC 40 is up 0.6% and London's FTSE 100 is up 0.2%.
The rupee was trading at Rs 68.26 against the US$ in the afternoon session.
In the news from the banking sector, IDBI Bank was in focus today as the state-run lender reported its results for quarter ended March 2018.
The bank reported a loss of Rs 56.6 billion during the quarter against a loss of Rs 32 bn posted in the corresponding quarter last year.