Among stocks, Mahindra & Mahindra rose by 1.2 per cent to Rs 536.75 per share while Power Grid Corporation moved up by 1.1 per cent and ITC by 1 per cent. Kotak Mahindra Bank, HDFC Bank and IndusInd Bank were up by 1 per cent, 0.8 per cent and 0.7 per cent respectively.
Maruti Suzuki reported a 1.9 per cent decline in last month's sales at 1.5 lakh units. Domestic sales declined by 1.6 per cent to 1.43 lakh units in November as against 1.46 lakh in November 2018.
On November 15, the government empowered the RBI to refer stressed non-banking finance companies and housing finance companies having assets worth at least Rs 500 crore to the insolvency court.
The development helped Shanghai blue chips recoup early losses to rise by 0.3 per cent. MSCI's broadest index of Asia Pacific shares outside Japan also moved up by 0.3 per cent.
Among stocks, Bharti Infratel fell by 7.2 per cent at Rs 202.50 per share while Bharti Airtel was down by 3.1 per cent. IndusInd Bank slipped by 3.5 per cent, State Bank of India by 1.3 per cent, Tata Motors by 2 per cent and Britannia by 1.6 per cent.
Tata Motors had said the parent group through Tata Sons will infuse 914 million dollars (about Rs 6,530 crore) equity into the company, of which 548 million dollars (about Rs 3,915 crore) will be paid immediately and the balance over a period of 18 months.
Among stocks, Eicher Motors was a prominent gainer by moving up 3.8 per cent to Rs 19,948.10. Britannia, Yes Bank, Asian Paints and HDFC were in the green with marginal gains.
Meanwhile, Asian indices traded marginally higher as market participants watched for developments on the US-China trade front ahead of high-level negotiations.
The government led by Prime Minister Narendra Modi has unveiled various measures to arrest the falling growth -- from rolling back of higher tax surcharge for foreign investors to mega reforms in the public sector banking space.
Global markets also turned cautious ahead of the two-day meeting of US Federal Open Market Committee. Many experts said the Fed may cut interest rate by 25 basis points.
