Stock Market Closing News :- Nifty
Closed on 7,234.55 -Markets have gained strength in the
late noon trade amid a firm opening seen in European equities. The local rally
across the board is led by gains in Reliance Industries and pharma shares.At
2:15 pm, the S&P BSE Sensex was up 128 points at 23,837 and the Nifty50 was
up 35 points at 7,246.The top gainers on the Sensex are HUL, Sun Pharma,Lupin,
RIL, Dr. Reddy’s , all up between 1.5% and 4% each.The top losers on the Sensex
are GAIL (India), Wipro, Adani Ports, Maruti Suzuki, and ITC, all down between
1%-2% each.Shares of Aditya Birla Nuvo were up over 1.5% at Rs 750 after the
company said it has formed a joint venture company with Idea Cellular following
the approval from the Reserve Bank of India's in-principle approval to set up a
Payments Bank.Reliance Communications (RCom) today said fair trade regulator
CCI has given nod to its deal to acquire Russian conglomerate Sistema's Indian
telecom unit, Sistema Shyam Teleservices Ltd (SSTL) that operates under the MTS
brand.Jewellery exporter and retailer Rajesh Exports today said it has won Rs
840 crore export order from the UAE. The stock has, however, dipped
marinally.
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