Closing Bell: Nifty ends a tad below 10,800, Sensex gains 142 pts; Tata Motors up 3%

: Benchmark indices closed on positive note with Nifty finished around 10,800 level helped by buying in select pharma, metal and PSU banking names.

The Sensex was up 142.09 points at 35898.35, while Nifty was up 54.40 points at 10789.90. About 1555 shares have advanced, 971 shares declined, and 146 shares are unchanged.

Indiabulls Housing, Bajaj Finserv, Tata Motors, Dr Reddy’s Labs and Vedanta were the major gainers, while losers include BPCL, Bharti Infratel, Yes Bank, Infosys and Maruti Suzuki on the Nifty.

Except IT, all the sectoral indices ended in green. Midcap and smallcap also gained 0.8 percent and 1 percent respectively.

The Indian rupee is trading marginally lower at 71.14 per dollar versus previous close 71.11.

Company's subsidiary viz. Ashoka Concessions emerged as the lowest bidder by National Highways Authority of India (NHAI) for the project viz. Tumkur - Shivamogga Section on Hybrid Annuity Mode under Bharatmal in the State of Karnataka.

The Supreme Court of India has ruled in favor of Saridon, a heritage brand from the healthcare product portfolio of Piramal Enterprises, exempting its formulation from the list of banned FDCs (Fixed Dose Combinations).

Som Distilleries and Breweries board meeting will be held on March 2, 2019 to consider allotment of 12,88,906 equity shares of Rs 10 each upon conversion of equal number of convertible warrants issued to the promoters at a price of Rs 271.55 per share.

NIIT Technologies announced a global collaboration with Microsoft to accelerate the cloudification of its enterprise clients. In collaboration with Microsoft, NIIT Technologies will focus on the comprehensive cloud needs of enterprises-from infrastructure to business applications.

: Zydus Cadila has received the final approval from the USFDA to market Phytonadione Tablets USP (US RLD-Mephyton), 5 mg.

Sensex is up 172.22 points or 0.48% at 35928.48, and the Nifty up 55.30 points or 0.52% at 10790.80. About 1,329 shares have advanced, 914 shares declined, and 131 shares are unchanged.

IDBI Bank may be pinning hope on additional capital infusion from new promoter Life Insurance Corporation of India (LIC) to help spruce up its books. But the country’s largest insurer, which has already infused about Rs 14,500 crore in December 2018 into the entity, is likely to go slow on further investment.

Macquarie bats for TCS, HCL Tech & L&T Info even as NASSCOM hints at caution

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