Closing Bell: Nifty ends 124 pts higher, Sensex up 378 pts; auto stocks biggest gainers

: It is a strong close for benchmark indices on first day of the week as market was shut on Monday on account of Mahashivratri.

The Sensex was up 378.73 points at 36442.54, while Nifty was up 124.00 points at 10987.50. About 2118 shares have advanced, 568 shares declined, and 152 shares are unchanged.

Indiabulls Housing, Eicher Motors, Tata Motors, HPCL and BPCL were the top gainers on the Nifty, while losers were Wipro, Tech Mahindra, Infosys, HUL and Cipla.

Midcap and smallcap gained 2-3 percent, respectively. Among the sectors, auto, metal and PSU bank indices led with 2-3 percent gain followed by energy, infra and pharma, while IT index lost over 1 percent.

The Indian rupee is trading higher by43paiseat 70.48per dollar versus Friday's close 70.91.

Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 2 crore on Canara Bank.

ITC is likely to have hiked prices of Bristol, Flake Excel and Capstan Cigarettes, reports CNBC-TV18, quoting Sources.

|Bank of Baroda has revised Marginal Cost of Funds Based Lending Rate (MCLR) w.e. f. March 7, 2019.

Company's joint venture Aleor Dermaceuticals has received approval from the US Food & DrugAdministration (USFDA) for its Abbreviated New Drug Application (ANDA) Clobetasol Propionate Ointment USP, 0.05%.

Board of the company has approved a scheme of arrangement amongst the company, ABB Power Products and Systems India and their respective shareholders and creditors, providing for the demerger of the company's power grids business to ABB Power Products and Systems India.

Jaguar UK sales up 34.4% at 991 units, JLR UK salesup 13.9% at 2,550 units and Land Rover UK sales up 3.9% at 1,559 units.

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Benchmark indices continue to trade higher on Tuesday with Nifty around 10,950 level.

At 14:24 hrs IST, the Sensex is up 274.18 points at 36337.99, while Nifty is up 94.40 points at 10957.90. About 1965 shares have advanced, 554 shares declined, and 143 shares are unchanged.

Lupin and Natco Pharma announced the final ANDA approval for lmatinib Mesylate Tablets, 100 mg (base) and 400 mg (base) from the United States Food and Drug Administration (FDA) to market a generic version of Novartis Pharmaceuticals Corporation's (Novartis) Gleevec Tablets, 100mg and 400mg.