After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day on a positive note. Sectoral indices traded on a mixed note, with stocks in the banking sector and stocks in the capital goods sector, leading the gains.

At the closing bell, the BSE Sensex stood higher by 290 points (up 0.7%) and the NSE Nifty closed up by 90 points (up 0.8%). The BSE Mid Cap index ended the day up 0.4%, while the BSE Small Cap index ended the day down by 0.1%.

The rupee was trading at Rs 67.29 against the US$ in the afternoon session. Oil prices were trading at US$ 71.49 at the time of writing.

Global financial markets this week closely followed oil prices. Oil was steady around a three-year high, heading for a second week of gains after the U.S. pulled out of the Iran nuclear deal. Key macro-economic data such as US inflation data meant that global markets were volatile throughout the week.

Asian stock markets finished mixed over news of a cooling US inflation rate. As of the most recent closing prices, the Hang Seng was up by 1% and the Shanghai Composite was down by 0.2%. The Nikkei 225 was up by 1.2%. Meanwhile, European markets, were trading on a negative note. The FTSE 100 was flat, The DAX, was down by 0.4% while the CAC 40 was down by 0.4%. Whereas, the US benchmark, Dow was trading up by 0.8%.

In news from stocks in the telecom sector. Bharti Airtel share price and Idea Cellular share price were in focus today after the market disruptor Reliance Jio launched new postpaid tariff plans.

Reliance Jio announced the plan at almost half the price and with more data than those offered by its rivals, expanding the tariff war to the post-paid segment, which makes up around 25% of the industry's revenue.

Airtel share price ended the day down by 6.4%, while Idea share price ended the day lower by 11.8%.