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MARKET WRAP: Sensex gains 127 pts, Nifty ends at 11,624 on last day of FY19

All that happened in markets today.

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

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In the broader market, the S&P BSE Midcap index surged 151 points or 0.99 per cent to close at 15,480. The S&P BSE SmallCap rose 109 points or 0.73 per cent to end at 15,027.

The benchmark indices ended on a positive note for the second straight day on Friday, the last trading day of the financial year (FY19) 2018-19 amid buying in metals, pharma, and auto stocks. 

The S&P BSE ended at 38,673, up 127 points or 0.33 per cent with Vedanta being the top gainer and IndusInd Bank the biggest loser.

The NSE's Nifty50 index closed above the crucial 11,600 level at 11,624, up 54 points or 0.47 per cent.

On a weekly basis, gained around 1.30 per cent while added 1.45 per cent.

During the financial year, climbed 17 per cent and Nifty50 index gained around 15 per cent. 

In the broader market, the S&P BSE Midcap index surged 151 points or 0.99 per cent to close at 15,480. The S&P BSE SmallCap rose 109 points or 0.73 per cent to end at 15,027.

BUZZING STOCKS

Shares of Ipca Laboratories, Varun Beverages, Merck, Adani Gas, Future Lifestyle, Gujarat Fluorochemicals and Muthoot Finance were among 14 stocks hitting their respective all-time highs on the BSE on Friday.

DLF shares hit an over six-month high of Rs 207 in the intra-day deal on the BSE after the real estate developer successfully raised Rs 3,173 crore through qualified institutional placement (QIP). The stock, eventually, closed at Rs 201.60, up nearly 4 per cent.

SECTOR WATCH

Metal stocks advanced the most, followed by pharma and auto counters. The Metal index ended over 2 per cent higher at 3,044. 

GLOBAL CUES

Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.

prices rose on Friday amid the ongoing OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude on track for their biggest quarterly rise since 2009.

(With inputs from Reuters)

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