Indian stock markets moved higher in early trade today, lifted by gains in banking stocks. The broader Nifty rose to 12,280, less than 15 points away from its record high of 12,293. The Nifty Bank index rose 0.40% to hit a new high of 32,541. Kotak Mahindra Bank and HDFC Bank led gains in banking stocks, with stocks up 0.80% and 0.60% respectively. A truce in the 17-month U.S.-China trade war and positive signs for the economy have helped keep investors in a buying mood.

Source: Mint December 30, 2019 03:45 UTC