Closing Bell: Sensex ends 216 pts higher, Nifty at 11,340; Bharti Airtel slips 4%

: It is strong closing for Indian indices for the third consecutive day with Nifty finished at 11,340 level.

At the close, Sensex was up 216.51 points at 37752.17, while Nifty was up 40.50 points at 11341.70. About 1058 shares have advanced, 1641 shares declined, and 155 shares are unchanged.

IndusInd Bank, Yes Bank, Bajaj Finance, HDFC Bank and HPCL were the top gainers on the Nifty, while losers include Bharti Airtel, IOC, Vedanta, Zee Entertainment and Sun Pharma.

Among the sectors, except energy and PSU bank all other indices are ended in red led by metal, pharma and infra.

Bank Nifty touched 28,900 for the first time, while Smallcap and midcap index ended 0.3 percent lower.

A meeting of board of directors of the company is scheduled to be held on March 15, 2019 to consider raising of fund through external commercial borrowing (ECB) in JPY equivalent to USD 100 Million from MUFG Bank to part finance the capital expenditure on on-going project(s) and /or for other permissible end uses.

The board also consider issue of GOI Fully Serviced Bonds up to Rs 2017.20 crore as per mandate given by Government of India for the FY 2018-19 through unsecured, redeemable, taxable, non-cumulative, non-convertible, taxable bonds in one or more series\tranches on private placement basis from Domestic Market.

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The company has received ANDA approval for itsAllopurinolTablets, USP 100 mg and 300 mg from the United States Food and Drug Administration (USFDA) to market a generic version of ZYLOPRIM (allopurinol) Tablet.

Share price of Hindustan Fluorocarbons gained 5 percent after company board in its meeting held on March 11 approved the valuation report and sale of the 66 Acres 13 Gunthas of vacant surplus land of the company subject to the approval of the shareholders, Govt of India and Govt of Telangana/TSIIC.

The board of directors of the company is scheduled on 19/03/2019 to consider declaration of second interim dividend for the financial year 2018-19.

Indian rupee is trading higher by 16 paiseat 69.54 per dollar against Tuesday's close 69.70.

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Sharesgained more than 3 percent ascompany is planning to issue 50 lakh convertible warrants on preferential basis to promoter & non-promoter group at Rs 180 per share, as per press release on BSE.