Axis Bank was the top gainer on the Nifty 50 index, rising 3.21 per cent, while Yes Bank ended as the top loser.

Analysts said fresh bets created by participants kept crude prices higher in futures trade.

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.

The industry hopes that the economy would finally come out of the slump, drawing people back to the showrooms.

Forex traders positive opening in domestic equities supported the rupee.

The 30-share BSE Sensex was trading 161.85 points or 0.39 per cent higher at 41,325.61.

The IT department has contended that by scheme of arrangement, the transferor company Reliance Jio Infocomm.

The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue.

India’s November oil imports rose 12.7 per cent to 19.17 million tonnes (about 4.7 million barrels per day).

Indian banks have shifted towards the retail market in recent years in response to a rise in soured corporate loans.