Sensex Finishes Up by 195 Points, L&T share price drops 1.4%

Indian share market witnessed buying activity in the afternoon session on firm global cues. Sentiments also remained positive as oil prices rose to their highest level since October in anticipation of OPEC-led output cut.

At the closing bell, the BSE Sensex stood higher by 195 points, while the NSE Nifty finished up by 73 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap bucked the week trend and finished up by 1.4% and 1.2% respectively. Metal stocks and realty sector led the BSE gainers today.

Vedanta share price surged 4.9% in today’s trade after it was reported that the company has received its board’s approval to raise Rs 300 crore through issue of Secured Redeemable Non-Cumulative Non- Convertible Debentures (NCDs) of face value of Rs 10 lakh each.

Mining stocks finished on a firm note with NMDC Ltd (get NMDC share price) and Vedanta Ltd leading the gains.

Moving on to news from engineering stocks.

According to a leading financial daily, Larsen & Toubro’s (L&T) construction arm - L&T Constructions has bagged orders worth Rs 19.26 billion across its various business segments. Under, Power Transmission & Distribution, the business has secured orders worth Rs 5.71 billion.

L&T share price finished down by 1.4% on the BSE ahead of Q2 numbers.

At the time of writing share market news, INR was trading at Rs 68.23 against the USD.

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