Closing Bell: Nifty closes just below 10,900, Sensex up 300 points led by metal, energy stocks

Benchmark indices ended on strong note with Sensex closed up 300 points, while Nifty ended just below 10,900.

At the close, the Sensex was up 307.14 points at 36,270.07, while Nifty was up 82.90 points at 10,888.40. About 1400 shares have advanced, 1192 shares declined, and 150 shares are unchanged.

Power Grid Corp, Tata Motors, HDFC, Coal India and Vedanta are the top gainers on the Sensex, while Kotak Mahindra Bank, Infosys, Bharti Airtel, Hero Motocorp and L&T are among major losers.

All the sectoral indices ended in green led by metal (up 2 percent) and energy stocks (up 1.5 percent) followed by auto, bank, infra and pharma space.

A meeting of the Board of Directors of the company is scheduled on December 20 to consider and approve payment of Interim Dividend, if any, for the year 2018-19.

|Lupin has received approval for its Clobazam Tablets, 10 mg and 20 mg from the United States Food and Drug Administration (FDA).

Company has secured an order from Tamilnadu Transmission Corporation of Rs 49.40 crore inclusive of GST and the contract completion period is 10 months.

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Company has received tentative approval for its Tadalafil Tablets USP, 20 mg from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company's (Lilly) Adcirca Tablets, 20 mg.

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The Indian rupee is trading higher by 25paise71.65 per dollar versus Friday's close 71.90.

Nickel futures weaken on low spot demand

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Malaysia's IHH Healthcare Monday said it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Supreme Court order to put on hold sale of controlling stake in the Indian hospital chain.

Reuters reported that oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.

International Brent crude oil futures were at $60.33 per barrel at 0423 GMT, up 5 cents, or 0.08 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $51.33 per barrel, up 13 cents, or 0.25 percent.

Persistent growth in U.S. shale output continues to weigh on oil prices, while some analysts doubted that planned supply cuts led by the Organization of the Petroleum Exporting Countries would be enough to rebalance markets.

Ahluwalia Contracts has bagged an order worth Rs 425.4 crore in Bihar.

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