Closing Bell: Nifty closes just below 10,900, Sensex up 300 points led by metal, energy stocks.
Benchmark indices ended on a 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 per cent) and energy stocks (up 1.5 per cent) followed by the auto, bank, infra and pharma space.
HEADLINES OF THE DAY
Coal India to consider interim dividend: 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). BGR Energy Systems bags order: 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.
The crucial resistance for Nifty spot is now seen at 10960 and above this 11200 Support for the immediate term is now placed at 10700 next support will be 10550.
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