Sensex, Nifty trade volatile; Tata Motors, Yes Bank surge

Equity benchmark indices recovered from opening lows, with the Sensex trading higher by 23 points at 40,699, and the Nifty slightly up by 5 points at 11,999.

Indices opened lower tracking sharp losses in Asian markets amid growing uncertainties regarding the US-China trade deal, however, shrugged off losses to trade higher. Besides, investors seem to be taking a cautious stance ahead of the RBI monetary policy outcome, which is due on Thursday.

On the economy front, Indian service providers signalled a moderate rebound in business activity during November, with the return to output growth accompanied by a renewed rise in new business intakes, faster job creation, and strengthening business confidence. The IHS Markit India Services Index rose to 52.7 in November from 49.2 in October.

Tata Motors surged 5%, Yes Bank stock rose 3%, followed by ICICI Bank, Adani Ports and Eicher Motors among top gainers on the Nifty, while losers included JSW Steel, Tata Steel, Bajaj Finserv, L&T and Reliance Industries.

Meanwhile, Sterling and Wilson Solar, Allahabad Bank, Teamlease Services, Ramco Systems, Deccan Cements, HT Media, Power Mech Projects and Apollo Pipes had touched their 52-week lows on NSE.

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