Indian stocks end firmer on positive Sino-U.S. trade buzz

• Software services company Infosys Ltd reported a slight dip in its September-quarter results.
• The broader NSE index ended 0.63pc higher at 11,305.05.

BENGALURU: Indian shares closed higher on Friday as optimism over U.S.-China trade negotiations whetted investor appetite for riskier assets.

Software services company Infosys Ltd reported a slight dip in its September-quarter results.

Rival Tata Consultancy Services had kicked off India's corporate earnings season on Thursday, and in the quarter ended September company profits were expected to be muted, given a slowdown in the domestic economy.

The broader NSE index ended 0.63pc higher at 11,305.05, while the benchmark BSE index closed up 0.65pc at 38,127.08. Both indexes closed 1.2pc firmer on-week.

Metal and information-technology sectors led gains in both indexes.

The metals index closed 2.35pc firmer, while the IT index ended 1.5pc higher.

Cipla Ltd and Infosys were top gainers in the Nifty 50 index, each closing 4pc firmer.

Yes Bank closed 3.3pc lower, making it the top loser in the Nifty index after the lender's single-largest shareholder and co-promoter's family said they were willing to dilute stake if other investors come in.