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PremiumMUMBAI :Mumbai: BSE Sensex closed 216 points up, while the NSE Nifty ended at 10,333 on Friday. Sensex shot up over 350 points in the early trade after exit polls predicted a BJP victory in Gujarat and Himachal Pradesh. Prominent gainers include M&M, Coal India, Dr. Reddy’s and HDFC Bank, whereas shares of Power Grid and Kotak Bank fell. All the sectoral indices on BSE, except telecom, ended higher led by metal, realty and basic materials.
BSE Sensex closed higher by 216.27 points, or 0.65%, to 33,462.97, while the Nifty 50 rose 81.15 points, or 0.79%, to close at 10,333.25.
M&M, Coal India, Dr. Reddy’s and HDFC Bank were the top gainers with gains to the tune of 3.65%, 3.08%, 2.65% and 1.92%, respectively. Meanwhile, shares of Cipla, ONGC and Asian Paints fell 2.87%, 0.81% and 0.54%, respectively.
Steel Authority of India Ltd has approved entering into a “non-binding” agreement of terms on the joint venture with ArcelorMittal, the state steelmaker said in a statement on Wednesday. SAIL spokesman M.C. Agrawal said the company and ArcelorMittal have cleared the first stage in the process of signing a formal agreement on the automotive steel venture, but that it was too early to talk about any production deadline. (Reuters)
Torrent Pharmaceuticals Ltd said it has issued Rs1,000 crore of non-convertible debentures in a private placement. Shares were up 2% at Rs1341.30.
BSE Sensex trades higher by 304.47 points, or 0.92%, to 33,551.17, while the Nifty 50 rose 102.80 points, or 1%, to 10,354.90.
The government has raised import tax on some electrical and electronics items such as mobile phones, television sets, digital cameras and microwave ovens to up to 20%, a government statement issued late on Thursday said. Import tax on video cameras has been raised to 15% from 10% and on television sets, it has been doubled to 20 percent, the statement said. (Reuters)
Eveready Industries India Ltd said it has received orders worth up to Rs23.85 crore for supply of ceiling fans, smart led street lighting luminaires. Shares rose 2.72% to Rs429.85.
BSE Metal index gained 2.59% helped by Vedanta up 5%, JSW Steel 3.56%, Hindalco 2.47% and Jindal Steel 2.35%.
Auto stocks trade higher. The Nifty Auto rose 1.42% led by Apollo Tyres up 3.51%, M&M 3.18%, Bajaj Auto 2.58% and Eicher Motors 2.32%.
GMR Group in alliance with Megawide Construction emerges as the preferred bidder for building Clark International Airport’s new integrated terminal in Philippines
GMR close to winning second airport contract in Philippines https://t.co/leW6rtuAu1
— Livemint (@livemint) December 15, 2017
All sectoral indices on BSE were trading in positive territory. BSE Metal gained most at 2.59%, basic materials 1.48%, auto 1.44%, consumer discretionary goods and services 1.38%.
BSE Sensex trades higher by 290.48 points, or 0.87%, to 33,537.18, while the Nifty 50 rose 92.75 points, or 0.90%, to 10,344.85
Shares of Shalby Ltd has made a weak market debut. The group, which runs a multi-specialty hospital chain, was listed at Rs237 per share compared to the issue price of Rs248. At 11am, the stock was trading 1.25% lower at Rs244.90 on the BSE, while benchmark Sensex index rose 0.84% to 33,525.35 points. The stock touched a high and a low of 254.65 and 236.20 a share, respectively
Banking stocks trading higher. Bank of India rose 3.8%, Indian Bank 2.7%, HDFC Bank 2.6%, Syndicate Bank 2.5%, Oriental Bank of Commerce 2.4%, IDBI Bank 2.3%, Yes Bank 2.1%, Union Bank 2.1%, Andhra Bank 2.1%, Punjab National Bank 2.1%, Allahabad Bank 2.1%, Bank of Baroda 1.7%, State Bank of India 1.3%.
BSE Sensex trades higher by 333.52 points, or 1.00%, to 33,580.22, while the Nifty 50 rose 112.20 points, or 1.09%, to 10,364.30.
Gujarat-based companies surged after exit polls showed that Bharatiya Janata Party will retain its government in the state. Adani Ports rose 2.4%, Adani Enterprises Ltd 3.3%, Adani Power 2.5%, Adani Transmission 3.6%, Gujarat Narmada Valley Fertilizers rose 3.1%, Gujarat State Fertilizers & Chemicals Ltd 3.5%, Gujarat Industries Power Co. Ltd 2.5%, Gujarat Hotels Ltd 3.2% and Gujarat NRE Coke Ltd 2.6%.
HDFC Bank Ltd rose 2.1% to Rs1,876, while HDFC Ltd rose 0.6% to Rs1,719.55. Both HDFC Bank and HDFC said that its board will meet on 19 and 20 December, respectively, to consider a fund-raising proposal.
Astrazeneca Pharma India Ltd rose 3.4% to Rs1,151.60 after the company said it got a nod for its diabetes drug import.
BSE Sensex trades higher by 267.16 points, or 0.80%, to 33,513.86, while the Nifty 50 rose 96.70 points, or 0.94%, to 10,348.80.
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