Share markets in India finished strong as investors cheered an unprecedented victory by the Bharatiya Janata Party (BJP) in the Uttar Pradesh assembly elections.
At the closing bell, the BSE Sensex stood higher by 496 points, while the NSE Nifty finished up by 152 points.
At the closing bell, the BSE Sensex stood higher by 496 points, while the NSE Nifty finished up by 152 points.
Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.4% and 1.2% respectively. Gains were largely seen in realty stocks, bank stocks & capital goods' stocks.
Sun Pharma share price surged 3.6% today's trade after USFDA lifted the import alert imposed on the company's Mohali manufacturing facility and removed the facility from the Official Action Initiated (OAI) status. This development illustrates Sun Pharma's commitment to work closely with the US FDA and strive for 100% cGMP compliance at its manufacturing facilities.
Asian stock markets finished mixed ahead of the Federal Reserve's two-day monetary policy meeting and as European political uncertainty weighs on sentiment. The Shanghai Composite gained 0.07%, while Japan's Nikkei 225 was off 0.12%. The Hang Seng finished flat. European markets too are mixed. The FTSE 100 is higher by 0.12%, while the CAC 40 is leading the DAX lower. They are down 0.30% and 0.12% respectively.
The rupee was trading at Rs 66.18 against the US$ in the afternoon session. Oil prices were trading at US$ 48.55 at the time of writing.
NTPC share price finished the trading day on an encouraging note (up 1.6%) after it was reported that the company has started power generation from India's largest floating solar power plant at Kayamkulam in Kerala.
The 100 kWp floating solar generation plant, largest of its kind in India, was indigenously developed as a part of 'Make In India' initiative, at Rajiv Gandhi Combined Cycle Power Plant in Kerala's Kayamkulam district.
Meanwhile, M&M share price finished the trading day up by 2% after the company divested 7.5% stake in the group hospitality arm Mahindra Holidays & Resorts India (MHRIL) for around Rs 2.74 billion. Pursuant to approval of the board of directors, the company sold 6,658,565 shares representing 7.5% of the share capital of MHRIL.
Tata Motors share price finished up by 0.2% on the BSE.
Automobile stocks finished the day on a strong note with TVS Motors and Eicher Motors leading the gains.
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