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The Sensex made a smart rebound in the afternoon trade on Friday, to recover losses and end in the green. Sensex ended 12.53 points higher at 36,386.61, while the Nifty closed above the 10,900-mark. Shares of Reliance Industries surged by more than 4.3% to close at Rs 1,182.95. Kotak Mahindra Bank shares zoomed by more than 1.4% to Rs 1,237.35.

Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan 30. Back home, IT major Wipro is all set to report Q3 results today. We bring to you LIVE updates.