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Jun 03, 2019 03:40 PM IST | Source:

Closing bell: Nifty ends above 12,000 for 1st time, Sensex surges 553 pts; autos lead

All sectoral indices, except Media, is trading in green. Auto, IT, Realty and FMCG indices gained 1-2%.

  • June 03, 2019 03:40 PM IST

    Market Closing

    Benchmark indices ended at record closing highs as the three-day Monetary Policy Committee meeting started. The fall in crude oil prices, stronger rupee and hope of rate cut after weak Q4 GDP data boosted sentiment.

    The BSE Sensex rallied 553.42 points or 1.39 percent to 40,267.62 and the Nifty50 jumped 165.70 points or 1.39 percent to 12,088.50 but the market breadth was negative. About 1,396 shares declined against 1,185 advancing shares on the BSE.

    Bajaj Auto, Asian Paints, Indiabulls Housing, TCS, HCL Technologies, Reliance Industries and Hero Motocorp were leading gainers among Nifty50.

    GAIL was among losers.

    Among midcaps, Just Dial, Triveni Engineering, Ashok Leyland, Strides Pharma, BEML, Dabur, Jubilant Foodworks and DLF rallied.

    Jet Airways, V-Guard Industries and Gati were under pressure.

  • June 03, 2019 03:30 PM IST

    Triveni Engineering said board approved the share buyback for up to 1 crore shares at Rs 100 per share.

  • June 03, 2019 03:27 PM IST

    Just In

    The US Food and Drug Administration inspected Cadila Healthcare's manufacturing facilities located at St. Louis, MO, USA of Nesher Pharmaceuticals (USA) LLC (100 percent subsidiary of Zydus Pharmaceuticals USA), from May 13 to 31, 2019.

    The inspection concluded with 3 observations at one facility and 8 observations at the other facility of Nesher Pharmaceuticals with a recommendation for ’Voluntary Action Indicated (VAI)’, the company said in its filing.

    This was a product specific pre—approval inspection with general cGMP and there were no Data Integrity (DI) related observations, it added.

  • June 03, 2019 03:23 PM IST

    Market Update:

    The market maintained momentum in late trade with the Sensex rising 559.92 points or 1.41 percent to 40,274.12 and the Nifty climbing 169.60 points or 1.42 percent to 12,092.40.

  • June 03, 2019 03:13 PM IST

    APL Apollo said it has completed the acquisition of production unit located at Chegunta, Hyderabad, one of the units of Shankara Building Products.

  • June 03, 2019 03:10 PM IST

    Broader market underperforms
    Mid and smallcap indices have underperformed the benchmark. Nifty Midcap index is up 0.86 percent and the Nifty Smallcap index is up 0.35 percent. In comparison, Nifty is up 1.24 percent as of now. 

  • June 03, 2019 02:50 PM IST

    HDFC twins surge
    HDFC twins are among the biggest contributors to the rally today. They have contributed about 160 points to Sensex's 500+ point gain. 

  • June 03, 2019 02:45 PM IST

    The broader market indices at this hour

     The broader market indices at this hour
  • June 03, 2019 02:37 PM IST

    Nifty Inches Towards 12,100

    Benchmark indices continued to trade at around record high levels on hope of rate cut after weak GDP data in Q4 and further fall in oil prices.

    The Sensex climbed 507.31 points or 1.28 percent to 40,221.51 and the Nifty50 rallied 147.40 points or 1.24 percent to 12,070.20.

  • June 03, 2019 02:34 PM IST

    Rupee Update:

    The Indian rupee strengthened further in afternoon, rising 40 paise to 69.29 against the US dollar.