Markets begin 2020 on a positive note led by banking stocks

Indian benchmark indices started CY2020 on a firm note, with the Sensex trading higher by 133 points at 41,371. The Nifty is up 38 points at 12,206. (9.20 AM)

All sectoral indices traded in the green led by Nifty PSU Bank and Realty.

L&TReliance Industries and Infosys were among the top gainers, while Eicher MotorsCoal India, and NTPC were among the top losers on the indices.

On the economy front, India's fiscal deficit hit 115% of the budget estimate during Apr-Nov 2019. The country's CAD, on the other hand, shrank to 0.9% of the GDP on the back of a lower trade deficit.

The Indian rupee opened 2 paise up at 71.36/$.

All major indices on Wall Street ended higher on Tuesday fuelled by trade optimism, with the S&P 500 clocking 190% gains in the decade to 2020.

Oil fell 1% in the previous session with March Brent Futures trading below $66/bbl

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