Closing Bell: Nifty ends above 10,600, Sensex up 118 points; Jet Airways soars 27%

: The benchmark indices ended on positive note with Nifty managed to close above 10,600 level.

The Sensex was up 118.55 points at 35260.54, while Nifty was up 40.40 points at 10,616.70.

Shares of Jet Airways ended 28 percent higher on the report of Tata-Jet deal.

Adani Ports, Kotak Mahindra Bank, Hero Motocorp, Axis Bank and Tata Motors are the top gainers on the Sensex.

Gold prices edged higher on Thursday as the dollar weakened against the pound and euro after the British cabinet approved the prime minister's draft Brexit plan.

: Global rating agency S&Psaid it's 'BB' long-term and 'B' short-term issuercredit ratings on state-run IDBI Bank continues to remain on
credit watch with negative implications, due to uncertainty onthe lender's ability to meet capital requirements.

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| Shares of Jet Airways gained nearly 19 percent intraday Thursdayon reports that the government is keen to see Tata-Jet Deal going through.

Shares of Thermax gained 3.5 percent as company posted better numbers for the quarter ended September 2018.

The company's Q2 net profit grew 29 percent at Rs 74.9 crore against Rs 57.9 crore.

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Steel Strips has bagged an export order for 70,000 wheels from Europe.

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Equity benchmarks are trading around high points, with the Sensex gaining over 200 points. The Nifty is nearing 10,650.

The Sensex is up 247.64 points or 0.70% at 35389.63, while the Nifty is higher by 66.60 points or 0.63% at 10642.90. The market breadth is negative as 1,015 shares advanced, against a decline of 1,326 shares, while 115 shares were unchanged.

Adani Ports, Tata Motors, and Titan are the top gainers, while Yes Bank, Sun Pharma, and Grasim have lost the most.

Oil India board meeting on November 19 to consider buyback of shares and issue of debt securities in domestic & overseas markets.