Indian equity markets are trading higher in afternoon trade.
The Sensex is trading up by 180 points at 39,232, and the Nifty is up 56 points at 11,643 in the afternoon session.
Sectorally, all indices are trading higher except Nifty Media.
Nifty Metal is up 1.75% led by Hindustan Copper, up 15%, and NALCO.
Media stocks, however, continue to remain under pressure led by Dish TV and Zee Entertainment Enterprises Ltd. ZEEL posted 6.9% yoy growth in PAT at Rs413.2cr in Q2FY20. The company's revenue for the quarter was Rs2,122cr, a rise of 7.4% yoy.
Broader markets are trading higher today.
Meanwhile, the US has slapped tariffs on a record $7.5bn worth of European Union goods. Speaking in Washington hours before the tariffs were due to come into effect, France’s Economy Minister Bruno Le Maire warned the move would have serious repercussions, according to the media reports.
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