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Jun 25, 2019 03:34 PM IST | Source: Moneycontrol.com

Closing Bell: Nifty ends near 11,800, Sensex up 311 points; metal stocks gain

At close, the Sensex was up 311.98 points at 39,434.94, while Nifty was up 96.80 points 11,796.50.

  • Jun 25, 03:32 PM (IST)

    Market close: Benchmark indices ended higher but off day's high on June 25 as it gained some momentum in late trading after remained flat for the initial period of the day.

    At close, the Sensex was up 311.98 points at 39,434.94, while Nifty was up 96.80 points 11,796.50. About 1233 shares have advanced, 1268 shares declined, and 166 shares are unchanged. 

    JSW Steel, BPCL, Reliance Industries, Axis Bank and Tata Steel were among major gainers on the indices, while losers were Yes Bank, Bharti Infratel, Asian Paints, IndusInd Bank and L&T.

    All the sectoral indices ended in the green led by metal, energy, auto, PSU bank, pharma, infra and FMCG. Midcap and Smallcap indices also ended higher.

  • Jun 25, 03:26 PM (IST)

    Kishore Narne, Head-of Commodities & Currencies, MOFSL:

    The scenario of falling interest rates in the backdrop of failing growth and trade war along with the addition of geo-political threat in middle-east has created a perfect scenario for gold bulls. The gold has underperformed to other financial assets over 3-4 years and it started to catch-up since a year now. We believe that the momentum in gold prices would continue to push higher with potential targets of Rs 36,000/10gms by the year end seems very much possible and Rs 40000-45000/10gms as potential targets in rupee terms by 2020. We advise caution in short term as the sharp rally could see some corrections, but investors can look to buy on dips.

  • Jun 25, 03:18 PM (IST)

    TCS through TCS Asia Pacific Pte, is acquiring 15% stake from Mitsubishi Corporation in Tata Consultancy Services Japan for a total consideration of JPY 3.5 billion.

  • Jun 25, 03:00 PM (IST)

    L&T’s stake in Mindtree crosses 51% mark. Now L&T to become promoter of Mindtree with controlling stake. L&T gets over 21% stake via open offer so far, it had bought close to 30% stake before the open offer launch, quoting Sources, reports CNBC-TV18.

  • Jun 25, 02:52 PM (IST)

    Andhra Bank at its meeting held on June 24 approved the proposal to raise the equity capital amounting to Rs 2000 crore by way of Qualified Institutional Placement (OIP) / Follow-on Public Offer (FPO) / Sale of non-core assets / Preferential Allotment / any other approved means during FY 2019-20 subject to market conditions and necessary approvals.

  • Jun 25, 02:40 PM (IST)

  • Jun 25, 02:27 PM (IST)

    Dr. Reddy's Laboratories launched Tobramycin Inhalation Solution

    Dr. Reddy's Laboratories announced the launch of Tobramycin Inhalation Solution, USP a therapeutic equivalent generic version of TOBI (tobramycin) Inhalation Solution, approved by the US Food and Drug Administration (USFDA). 

  • Jun 25, 02:10 PM (IST)

    Infosys announces partnership with Toyota Material Handling Europe:

    Infosys announced a long term strategic partnership with Toyota Material Handling Europe (TMHE). Infosys will help TMHE in its digital transformation journey by facilitating transformation to a scalable digital hybrid cloud platform, providing application services, digital workplace, infrastructure management and a dedicated data center operation.

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