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The
benchmark indices settled higher on Wednesday despite concerns in the
global markets, including - trade war worries and oil
prices.The S&P BSE Sensex ended at 35,645, up 267 points while the broader Nifty50
index settled at 10,770, up 70 points. Gains in the S&P BSE Sensex were led by Bajaj Auto, Hindustan Unilever (HUL), Reliance
Industries (RIL), HDFC and HDFC Bank that firmed up 1.5 per cent to 4.4 per
cent.Among the sectoral indices, the Nifty Auto index settled 1.25% higher led by a rise in the shares
of Bajaj Auto, TVS Motos and Maruti Suzuki.
The Nifty Pharma index also rose 0.8% as stocks of Lupin, Dr Reddy's
and Cadila Healthcare rallied between 1.9 per cent to 3.9 per cent.Prakash Industries share price gained nearly 3 percent
intraday on Wednesday on reporting highest ever quarterly sales volume in
Q1FY2019.The steel products maker has achieved highest ever quarterly sales
volume of around 2.40 lakh tonnes in the first quarter of financial year
2018-19.This implies a growth around 26 percent compared to same quarter last
year.The growth was due to higher capacity utilisation and operational
efficiencies, Prakash Industries said in its filing.
TOP GAINERS:LUPIN,HDFC BANK ,MARUTISUZUKI
MAJORLOOSERS: IDEA,VAKRANGEE,SRTRANSFINC
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