In spite of weak economic data, the stock market witnessed good growth during the early trade. The BSE Sensex was trading at a level of 40,938.78 with a jump of 357.07 points. Besides, the NSE Nifty was trading at 12,061.25 with a gain of 89.45 points. On Thursday, retail inflation and IIP figures came. In November, retail inflation reached a 3-year high of 5.54 percent. IIP grew by -3.8 percent in October.

Nirmala Sitharaman joins 100 most powerful women in the world, Forbes released list

The Indian stock market gained momentum on the hope that a path would soon emerge on the US-China trade war and the Conservative Party could win in the UK general election. Prime Minister Boris Johnson's Conservative Party has won the election in Britain. The Trump administration and China are busy finalizing the trade agreement. This will not give effect to the tariff coming into force from Sunday. Tata Motors (3.87 percent), Vedanta (3.82 percent), among the companies which recorded the biggest gains in the Nifty 50, Yes Bank (3.75 percent), JSW Steel (3.21 percent) and Tata Steel (3 percent).

Petrol prices decreased for the second consecutive day, no change in diesel prices

Apart from this, the stocks which recorded the most decline included Dr. Reddy's Lab (3.05 percent), Bharti Infratel (1.67 percent), Bharti Airtel (1.32 percent), Kotak Mahindra Bank (0.93 percent) and ZEEL (0.70 percent). Are. At the time of writing the news, 38 companies included in the Nifty 50 were trading in green marks and 12 in red marks. Talking about sectoral indices, barring Nifty Pharma, all other sectoral indices were trading with gains. The biggest gains were seen in Nifty PSU Bank (2.46 percent) and Nifty Metal (2.25 percent).

RBI governor alerts banks, says 'economic conditions will worsen now, be prepared'