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Share Market Today: Sensex ends above 41k for second consecutive session; Nifty logs record closing of 12,154

BusinessToday.In | 28 November 2019

Share Market Today: Equity indices closed at record-high levels on Wednesday after BSE Sensex and NSE Nifty recorded fresh lifetime highs, ahead of November derivatives expiry. BSE Sensex ended at a record high of 41,130.17, rising 109 points higher and NSE Nifty at 12,154, rising 53 points against its previous close. Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers. On the sectoral front, all the indices barring auto closed in the green today, with  over 3% advance in PSU banking scrips and 1% rise in realty stocks.

 

 

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  • Share Market Today: On the sectoral front, all the indices barring auto closed in the green today, with over 3% advance in PSU banking scrips and 1% rise in realty stocks.
  • 15:56 IST

    Indices close at record highs

    Share Market Today: Equity indices closed at record-high levels on Wednesday after BSE Sensex and NSE Nifty recorded fresh lifetime highs, ahead of November derivatives expiry. BSE Sensex ended at a record high of 41,130.17, rising 109 points higher and NSE Nifty at 12,154, rising 53 points against its previous close.

    Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers.

    On the sectoral front, all the indices barring auto closed in the green today, with  over 3% advance in PSU banking scrips and 1% rise in realty stocks.

     

  • 15:56 IST: Share Market Today: Equity indices closed at record-high levels on Wednesday after BSE Sensex and NSE Nifty recorded fresh lifetime highs, ahead of November derivatives expiry. BSE Sensex ended at a record high of 41,130.17, rising 109 points higher and NSE Nifty at 12,154, rising 53 points against its previous close.

    Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers.

    On the sectoral front, all the indices barring auto closed in the green today, with  over 3% advance in PSU banking scrips and 1% rise in realty stocks.

     

  • 15:42 IST

    Nifty hits another lifetime high of 12,158

    In a volatile trading session of Thursday, broader equity indices were trading higher by the last hour and rose again to hit new lifetime highs. While Sensex earlier made a high of  41,163.79 and Nifty crossed its earlier high of 12,144 to hit another all-time high of 12,158.80

  • 15:42 IST: In a volatile trading session of Thursday, broader equity indices were trading higher by the last hour and rose again to hit new lifetime highs. While Sensex earlier made a high of  41,163.79 and Nifty crossed its earlier high of 12,144 to hit another all-time high of 12,158.80

  • 14:50 IST

    Rane Holdings decline nearly 3%

    Shares of Ran Holdings fell over 2.85% on Thursday to Rs 744 on BSE. Rating firm ICRA reaffirmed long term rating to Rs 50 crore bank facilities at ICRA AA- with outlook as stable and withdrawn rating assigned to Rs 10 crore commercial paper.

     

  • 14:50 IST: Shares of Ran Holdings fell over 2.85% on Thursday to Rs 744 on BSE. Rating firm ICRA reaffirmed long term rating to Rs 50 crore bank facilities at ICRA AA- with outlook as stable and withdrawn rating assigned to Rs 10 crore commercial paper.

     

  • 14:11 IST

    Market Update

    After hitting record highs on Thursday, broader indices gave up gains to trade flat with positive bias by the afternoon session. Sensex currently trades 29 points higher at 41,049 and Nifty trades 21 points higher at 12,122.

  • 14:11 IST: After hitting record highs on Thursday, broader indices gave up gains to trade flat with positive bias by the afternoon session. Sensex currently trades 29 points higher at 41,049 and Nifty trades 21 points higher at 12,122.

  • 14:06 IST

    Reliance Industries share price: Expert opinion


    Commenting on RIL crossing market cap of Rs 10 lakh crore, Mustafa Nadeem, CEO, Epic Research said, "We believe the stock can continue to go north. There was a recent consolidation and that was fairly utilized as a minor dip. These dips may be seen in the future and any correction in stock to 3-4% should rather be seen as an opportunity. We believe investors or traders should also put risk-reward into play while buying any stock and stock like reliance should be added but on any minor dips towards lower levels of 1440 - 1460."

  • 14:06 IST:
    Commenting on RIL crossing market cap of Rs 10 lakh crore, Mustafa Nadeem, CEO, Epic Research said, "We believe the stock can continue to go north. There was a recent consolidation and that was fairly utilized as a minor dip. These dips may be seen in the future and any correction in stock to 3-4% should rather be seen as an opportunity. We believe investors or traders should also put risk-reward into play while buying any stock and stock like reliance should be added but on any minor dips towards lower levels of 1440 - 1460."

  • 13:01 IST

    Ujjivan SFB IPO to open from Dec 2



    The initial public offering (IPO) of Ujjivan Small Finance Bank (SFB) opens on December 2 and closes on December 4.

    The proposed issue of Ujjivan SFB with a price band of Rs 36-37 a share, comprises fresh issue of equity shares aggregating up to Rs 750 crore and a reservation of equity shares aggregating up to around Rs 75 crore for subscription by eligible shareholders of Ujjivan Financial Services.

    Bids can be made for a minimum 400 equity shares and in multiples of 400 shares thereafter. The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.

  • 13:01 IST:

    The initial public offering (IPO) of Ujjivan Small Finance Bank (SFB) opens on December 2 and closes on December 4.

    The proposed issue of Ujjivan SFB with a price band of Rs 36-37 a share, comprises fresh issue of equity shares aggregating up to Rs 750 crore and a reservation of equity shares aggregating up to around Rs 75 crore for subscription by eligible shareholders of Ujjivan Financial Services.

    Bids can be made for a minimum 400 equity shares and in multiples of 400 shares thereafter. The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.

  • 12:45 IST

    Zee Entertainment declines over 3%



    The stock price of Zee Entertainment fell 3.11% intraday to Rs 309.55 on the BSE today, following reports that two former directors of Zee Entertainment Subodh Kumar and Neharika Vohra who resigned from its board, had raised concerns over several issues about the company. This included Rs 2,200 crore film advance given in 2018-19 and another issue of no action on large outstanding from group firms Dish TV and Siti cable for content.

    ZEEL, earlier had announced resignation of Independent Directors Neharika Vora and Sunil Sharma along with Non-Independent Director Subodh Kumar. While Sunil Sharma had informed that his resignation followed the sale of shares by the promoter group and reconstitution of the board, Vohra and Kumar raised many issues and cited them as reasons for their resignation from the board.

    BSE and NSE have asked ZEEL clarification on the same matter today.

  • 12:45 IST:

    The stock price of Zee Entertainment fell 3.11% intraday to Rs 309.55 on the BSE today, following reports that two former directors of Zee Entertainment Subodh Kumar and Neharika Vohra who resigned from its board, had raised concerns over several issues about the company. This included Rs 2,200 crore film advance given in 2018-19 and another issue of no action on large outstanding from group firms Dish TV and Siti cable for content.

    ZEEL, earlier had announced resignation of Independent Directors Neharika Vora and Sunil Sharma along with Non-Independent Director Subodh Kumar. While Sunil Sharma had informed that his resignation followed the sale of shares by the promoter group and reconstitution of the board, Vohra and Kumar raised many issues and cited them as reasons for their resignation from the board.

    BSE and NSE have asked ZEEL clarification on the same matter today.

  • 12:28 IST

    Indices hit fresh lifetime highs

    Share Market Today: Benchmark indices are trading at record high levels on Thursday's tarde, with Sensex and Nifty rising 0.25% each to new lifetime highs, ahead of November derivatives expiry.  Sensex scored another all-time high of 41,163 and Nifty50 too touched an all-time high of 12,144.40.

    Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers in Thursday's early trade.

    On the sectoral front, all the indices barring auto are trading in green today, with  over 3% advance in PSU banking scrips and 1% rise in metal stocks.

     

  • 12:28 IST: Share Market Today: Benchmark indices are trading at record high levels on Thursday's tarde, with Sensex and Nifty rising 0.25% each to new lifetime highs, ahead of November derivatives expiry.  Sensex scored another all-time high of 41,163 and Nifty50 too touched an all-time high of 12,144.40.

    Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers in Thursday's early trade.

    On the sectoral front, all the indices barring auto are trading in green today, with  over 3% advance in PSU banking scrips and 1% rise in metal stocks.

     

  • 12:22 IST

    Expert View: Technical opinion on Rupee

    Commenting on the currency front and rupee's movement on Thursday, Rahul Gupta, Head of Currency Research from Emkay Global Financial Services said, "This week, market had reacted very positively to the rhetoric on hopes of US-China reaching a Phase One deal. However, Trump’s support towards Hong Kong protestors has heightened tensions in the market.

    "For the day, the fall in crude oil prices will support the rally in rupee, however, it will be limited on fears that Trump’s support may infuriate China and complicate the trade deal. For the day, we expect spot to trade within 71.25-71.55. A break of 71.55 can take prices higher towards 72 level," he added.

     

  • 12:22 IST: Commenting on the currency front and rupee's movement on Thursday, Rahul Gupta, Head of Currency Research from Emkay Global Financial Services said, "This week, market had reacted very positively to the rhetoric on hopes of US-China reaching a Phase One deal. However, Trump’s support towards Hong Kong protestors has heightened tensions in the market.

    "For the day, the fall in crude oil prices will support the rally in rupee, however, it will be limited on fears that Trump’s support may infuriate China and complicate the trade deal. For the day, we expect spot to trade within 71.25-71.55. A break of 71.55 can take prices higher towards 72 level," he added.

     

  • 12:10 IST

    BSE to offload 4% in CDSL via OFS

    BSE said it will offload 4% in the Central Depository Services Limited (CDSL) via OFS. BSE said that it will sell 41,80,000 equity shares of CDSL. As of September 30, BSE the promoter of CSDL, holds 24% in the company.

  • 12:10 IST: BSE said it will offload 4% in the Central Depository Services Limited (CDSL) via OFS. BSE said that it will sell 41,80,000 equity shares of CDSL. As of September 30, BSE the promoter of CSDL, holds 24% in the company.

  • 11:34 IST

    Market Update

    Share Market Today: After hitting record highs within few minutes of trade, equity indices traded marginally higher on Thursday, with Sensex and Nifty rising 0.20% each ahead of November derivatives expiry. Sensex has risen 40 points to 41,161.54 and Nifty rose 18 points to 12,118.

  • 11:34 IST: Share Market Today: After hitting record highs within few minutes of trade, equity indices traded marginally higher on Thursday, with Sensex and Nifty rising 0.20% each ahead of November derivatives expiry. Sensex has risen 40 points to 41,161.54 and Nifty rose 18 points to 12,118.

  • 11:13 IST

    Rupee trades at 71.37 per dollar

     

    The rupee opened at 71.33 at the interbank foreign exchange and gained further ground to touch a high of 71.32 on Thursday, registering a rise of just 3 paise over its previous close. Although later the local currency gave up gains  and fell to 71.37 against the dollar.

    Read more
     

  • 11:13 IST:

     

    The rupee opened at 71.33 at the interbank foreign exchange and gained further ground to touch a high of 71.32 on Thursday, registering a rise of just 3 paise over its previous close. Although later the local currency gave up gains  and fell to 71.37 against the dollar.

    Read more
     

  • 11:00 IST

    Global Market Update

    Globally, markets traded in the negative, with bourses in Shanghai, Hong Kong, Seoul and Tokyo falling marginally lower after China said it was ready to take "firm counter measures" against the United States after President Donald Trump signed a law supporting pro-democracy protesters in Hong Kong, putting a dampener on hopes of an early trade truce over tariffs.

  • 11:00 IST: Globally, markets traded in the negative, with bourses in Shanghai, Hong Kong, Seoul and Tokyo falling marginally lower after China said it was ready to take "firm counter measures" against the United States after President Donald Trump signed a law supporting pro-democracy protesters in Hong Kong, putting a dampener on hopes of an early trade truce over tariffs.

  • 10:59 IST

    Market Update


    Market participants said sustained foreign fund inflow ahead of the expiry of November futures and options (F&O) contracts on Thursday is contributing to the market rally. However, weak cues from other Asian markets capped the gains

     

  • 10:59 IST:
    Market participants said sustained foreign fund inflow ahead of the expiry of November futures and options (F&O) contracts on Thursday is contributing to the market rally. However, weak cues from other Asian markets capped the gains

     

  • 10:58 IST

    Sensex, Nifty hits all-time highs today

    The 30-share index Sensex again scored another all-time high in early trade of 41,163.79, and Nifty50 too touched an all-time high of 12,138.30, before erasing gains to trade marginally higher by the second hour of trade.

     

  • 10:58 IST: The 30-share index Sensex again scored another all-time high in early trade of 41,163.79, and Nifty50 too touched an all-time high of 12,138.30, before erasing gains to trade marginally higher by the second hour of trade.

     

  • 10:50 IST

    Cipla share price gains nearly 2%

    The shrae price of Cipla rose 2% in Thursday's early trade on BSE to Rs 476.35 as the pharma major announced that its wholly owned subsidiary Cipla (EU) Limited, has signed an agreement with CitiHealth Imports Limited to acquire the remaining 40% stake in Cipla Pharma Lanka.

    Earllier, Cipla (EU) Limited held 60% stake in Cipla Pharma Lanka (Private) Limited (Cipla Pharma Lanka), Sri Lanka. Post-acquisition, Cipla Pharma Lanka will become a wholly owned subsidiary of Cipla.

     

  • 10:50 IST: The shrae price of Cipla rose 2% in Thursday's early trade on BSE to Rs 476.35 as the pharma major announced that its wholly owned subsidiary Cipla (EU) Limited, has signed an agreement with CitiHealth Imports Limited to acquire the remaining 40% stake in Cipla Pharma Lanka.

    Earllier, Cipla (EU) Limited held 60% stake in Cipla Pharma Lanka (Private) Limited (Cipla Pharma Lanka), Sri Lanka. Post-acquisition, Cipla Pharma Lanka will become a wholly owned subsidiary of Cipla.

     

  • 10:27 IST

    Tata Communication rises 8%

    Tata Communications share price jumped 8% to Rs 455.8  on BSE today after the company announced that it has signed an agreement with Kacific Broadband Satellites Group for  providing global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.

    The global digital infrastructure provider company has been chosen by Kacific Broadband Satellites Group(Kacific) to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific 1. Tata Communications will provide global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.

    Kacific1 is a High Throughput Satellite (HTS) that will use 56 high-power Ka-band beams to deliver affordable, high-speed broadband to telecommunications companies, internet  service  providers and governmentsin South East Asia and the Pacific, the filing added.

    "Kacific chose to enter into this arrangement with Tata Communications because of the sophistication and scale of the company’sglobal network and its unrivalled security expertise,” quoted Kacific CEO, Christian Patouraux.

    Read more

  • 10:27 IST: Tata Communications share price jumped 8% to Rs 455.8  on BSE today after the company announced that it has signed an agreement with Kacific Broadband Satellites Group for  providing global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.

    The global digital infrastructure provider company has been chosen by Kacific Broadband Satellites Group(Kacific) to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific 1. Tata Communications will provide global internet andstate-of-the-art cyber security services for Kacific’s Ka-band satellite network.

    Kacific1 is a High Throughput Satellite (HTS) that will use 56 high-power Ka-band beams to deliver affordable, high-speed broadband to telecommunications companies, internet  service  providers and governmentsin South East Asia and the Pacific, the filing added.

    "Kacific chose to enter into this arrangement with Tata Communications because of the sophistication and scale of the company’sglobal network and its unrivalled security expertise,” quoted Kacific CEO, Christian Patouraux.

    Read more

  • 10:22 IST

    RIL crosses 10 lakh crore m-cap mark

     
    Market valuation of index heavyweight Reliance Industries has crossed 10 lakh crore M-cap mark on Thursday making it the highest ever Market-capitalisation recorded by an Indian firm. Share price of Reliance Industries rose 0.7% to the day's high as well as the 52-week high of 1,581.25 on the BSE.

    Read more

     

  • 10:22 IST:  
    Market valuation of index heavyweight Reliance Industries has crossed 10 lakh crore M-cap mark on Thursday making it the highest ever Market-capitalisation recorded by an Indian firm. Share price of Reliance Industries rose 0.7% to the day's high as well as the 52-week high of 1,581.25 on the BSE.

    Read more

     

  • 10:17 IST

    Sector update

    On the sectoral front, gains in PSU banking, realty and metal stocks were capped by losses in FMCG, media and auto indices.

  • 10:17 IST: On the sectoral front, gains in PSU banking, realty and metal stocks were capped by losses in FMCG, media and auto indices.

  • 10:16 IST

    Gainers and Losers

    Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers in Thursday's early trade.

  • 10:16 IST: Yes Bank, Bharti Infratel, UPL, ICICI Bank, SBI, JSW Steel were among major gainers on the Indices, while Zee Entertainment, Tata Motors, Hindustan Unilever, Vedanta and Britannia were trading as the worst performers in Thursday's early trade.

  • 10:09 IST

    Rupee opens flat

    Rupee opened nearly flat on Thursday, at 71.32 per US dollar. The local currency had closed at 71.35 on Wednesday's trade.

     

  • 10:09 IST: Rupee opened nearly flat on Thursday, at 71.32 per US dollar. The local currency had closed at 71.35 on Wednesday's trade.

     

  • 10:07 IST

    YES Bank rises 3.5%

    YES Bank share price was the top gainer in Thursday's early trade after the stock gained 3.5% to Rs 70.65 on the BSE. The stock of the private sector lender will be in focus a day ahead of its board meets to consider various options for raising funds. YES Bank share on  Wednesday closed 7.65% higher at Rs 68.25 on Sensex and ended 8.31% higher at Rs 68.40 on Nifty. The stock was top gainer on both indices on Wednesday's trade.

    Read more

     

  • 10:07 IST: YES Bank share price was the top gainer in Thursday's early trade after the stock gained 3.5% to Rs 70.65 on the BSE. The stock of the private sector lender will be in focus a day ahead of its board meets to consider various options for raising funds. YES Bank share on  Wednesday closed 7.65% higher at Rs 68.25 on Sensex and ended 8.31% higher at Rs 68.40 on Nifty. The stock was top gainer on both indices on Wednesday's trade.

    Read more

     

  • 10:04 IST

    SBI Cards files for IPO

    SBI Cards, the credit card subsidiary of State Bank of India, has filed draft red herring prospectus for its initial public offer (IPO) with market regulator SEBI. Where SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group.

    SBI Cards plans to offer up to 13 crore equity shares via offer for sale route, which will include up to 3.7 crore share sale by SBI and up to 9.3 crore shares on offer by Carlyle Group (CA Rover). Additionally, the company plans on issuing fresh equity shares worth Rs 500 crore.

    Read more

  • 10:04 IST:

    SBI Cards, the credit card subsidiary of State Bank of India, has filed draft red herring prospectus for its initial public offer (IPO) with market regulator SEBI. Where SBI holds 76% in SBI Cards and rest of the stake is held by Carlyle Group.

    SBI Cards plans to offer up to 13 crore equity shares via offer for sale route, which will include up to 3.7 crore share sale by SBI and up to 9.3 crore shares on offer by Carlyle Group (CA Rover). Additionally, the company plans on issuing fresh equity shares worth Rs 500 crore.

    Read more

  • 09:29 IST

    Market gives up gains

    Indices Sensex and Nifty erased  early gains to trade with a flat-to-positive bias on Thursday, on back of weak global equities. Sensex trades mere 20 points higher at 41,048 and Nifty at 12,112, rising 11 points.

  • 09:29 IST: Indices Sensex and Nifty erased  early gains to trade with a flat-to-positive bias on Thursday, on back of weak global equities. Sensex trades mere 20 points higher at 41,048 and Nifty at 12,112, rising 11 points.

  • 09:24 IST

    FII and DII reamin bullish

    Net investment of equity and debt reported by foreign portfolio investors (FPIs) were positive with net buying logged at Rs 42.93 crore from Indian equities and domestic institutional investors (DIIs) turned positive too with net buying logged at Rs 439.51 crore on Wednesday.

     

  • 09:24 IST: Net investment of equity and debt reported by foreign portfolio investors (FPIs) were positive with net buying logged at Rs 42.93 crore from Indian equities and domestic institutional investors (DIIs) turned positive too with net buying logged at Rs 439.51 crore on Wednesday.

     

  • 09:22 IST

    Opening Session

    Indices have opened positive on Thursday, with Sensex and Nifty rising 0.20% each, on back of strong buying in auto and PSU bank stocks. Sensex has risen 77 points to 41,161.54 and Nifty rose 31 points to 12,132.

     

  • 09:22 IST: Indices have opened positive on Thursday, with Sensex and Nifty rising 0.20% each, on back of strong buying in auto and PSU bank stocks. Sensex has risen 77 points to 41,161.54 and Nifty rose 31 points to 12,132.

     

  • 09:17 IST

    Global Market Update


    Asian markets opened on a weak note, with  Nikkei Index trading flat and SGX Nifty declining 30 points or 0.2%. Hong Kong Index declined half percent and US Future to shed 0.3% or 68 points.

    On Wall Street, market closed on a record high and Dow gained 0.2% yesterday.

  • 09:17 IST:
    Asian markets opened on a weak note, with  Nikkei Index trading flat and SGX Nifty declining 30 points or 0.2%. Hong Kong Index declined half percent and US Future to shed 0.3% or 68 points.

    On Wall Street, market closed on a record high and Dow gained 0.2% yesterday.

  • 09:08 IST

    Pre-open session Thursday

    BSE Sensex has risen 113 points in the pre-open session Thursday to trade at 41,134.60 compared to the last closing of 41,020.61. Simillarly NSE Nifty trades at 12,143, rising 42 points as against its previous close of 12,100.

  • 09:08 IST: BSE Sensex has risen 113 points in the pre-open session Thursday to trade at 41,134.60 compared to the last closing of 41,020.61. Simillarly NSE Nifty trades at 12,143, rising 42 points as against its previous close of 12,100.

  • 09:05 IST

    Top stocks in the news today

    YES Bank, DHFL, Ashok Leyland, Indian Overseas Bank, Ujjivan Financial Service, HT Media among others are the top stocks to be in focus on Thursday's trading session.

    Read more

  • 09:05 IST:

    YES Bank, DHFL, Ashok Leyland, Indian Overseas Bank, Ujjivan Financial Service, HT Media among others are the top stocks to be in focus on Thursday's trading session.

    Read more

  • 08:59 IST

    Last Close

    On Wednesday, equity indices closed at record-high levels, with BSE Sensex and NSE Nifty ending 0.50% higher by the closing bell. BSE Sensex closed 199 points higher at 41,020 and NSE Nifty at 12,100, rising 45 points against its previous close.

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  • 08:59 IST: On Wednesday, equity indices closed at record-high levels, with BSE Sensex and NSE Nifty ending 0.50% higher by the closing bell. BSE Sensex closed 199 points higher at 41,020 and NSE Nifty at 12,100, rising 45 points against its previous close.

    Read more