Closing bell: Sensex jumps 424 pts, Nifty ends tad below 11,500; RIL, banks lead

Benchmark indices rebounded sharply after falling in previous two straight sessions, driven by banking & financials, and index heavyweight Reliance Industries.

The BSE Sensex rallied 424.50 points or 1.12 percent to 38,233.41and the Nifty50 climbed 129points or 1.14 percent to 11,483.30.

The Nifty Midcap index also gained over a percent but the market breadth was not so great.

About 1,377 shares advanced against 1,286 declining shares on the BSE.

NTPC,Reliance Industries, SBI,Vedanta andBajaj Finance were leading gainers among Nifty50stocks, rising 3-4 percent whileTech Mahindra,IOC,UPL,Infosys andWipro lost 0.6-2.4 percent.

has declared an interim dividend of Rs 2 per equity share for the financial year 2018-19.

Further, the date of payment of the Dividend is fixed on or after April 13, 2019.

Benchmark indices extended rally in afternoon with the Sensex gaining nearly 400 points, driven by banking & financials stocks.

The BSE Sensex climbed 382.30 points or 1.01 percent to 38,191.21and the Nifty50 was up 115.50 points or 1.02 percent at 11,469.80.

The broader markets also rallied further. The Nifty Midcapand Smallcap indices gained 1 percent each.

HCC said the board of directors approved the proposal for monetisation of an identified pool of arbitration awards & claims (transaction) for which the company today signed terms.

Under the terms of the transaction, the company said it would seek to transfer the beneficial interest/rights in a portfolio of identified awards & claims of the Company (Specified Awards & Claims) for a consideration of Rs1,750 crore to a consortium of Investors led by BlackRock (Investors).

A special purpose vehicle (SPV), to be controlled by the Investors, is being setup in this regard, it said.

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Under this Partnership agreement Laurus Labs received and executed the order from Global Fund which would cater to the supplies of the high burden diseases countries in Sub Saharan African (SSA) region. This is the maiden order for Tenofovir/Lamivudine/Dolutegravir 300/300/50mg (TLD) after the Company received a tentative approval from USFDA in the month of February 2019, Laurus said in its filing.

The market extended gains amid consolidation in afternoon with the Nifty50reclaiming 11,400 levels, driven by rally in banking & financials.

The BSE Sensex rose 189.27 points to 37,998.18and the Nifty50 advanced 60.10 points to 11,414.40.

SBI Life said the board of directors declared an interim dividend of Rs 2 per share for the financial year 2018-19 on the paid-up equity share capital of the company of the nominal value of Rs10each.

The interim dividend for Financial Year 2018-19 will be paid to those shareholders whose names appear on the register of nembers of the company or in the records of the depositories as beneficial owners of the shares determined with reference to the record date of April 4, 2019.

ACC fell over a percent after LIC reduced its stake in the company by 3.1 percent to 6.7 percent from February 1-March 22, 2019.

BLS International announced that it has entered the select club of ‘Fortune India Next 500’ companies.

The Next 500 is a comprehensive ranking of India’s outstanding mid-size companies who have carved their way as a shining example of the resilience and entrepreneurial spirit of India which is critical to the economy in terms of its contribution to employment generation and economic growth.