Sensex Ends 342 Points Higher; IT & Auto Stocks Witness Buying

After opening the day marginally higher, Indian share markets continued their momentum and ended their day on a positive note. Sectoral indices ended on a mixed note with stocks in the IT sector and automobiles sector witnessed maximum buying interest while realty stocks and telecom stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 342 points (up 1%) and the NSE Nifty closed higher by 88 points (up 0.8%). The BSE Mid Cap index ended the day up by 0.4%, while the BSE Small Cap index ended the day up by 0.7%.

Asian stock markets finished on a positive note as of the most recent closing prices. The Hang Seng was up 0.5% and the Nikkei was trading up by 0.6%. The Shanghai Composite stood higher by 5.6%.

The rupee was trading at 70.99 to the US$ at the time of writing.

In the news from the banking sectorHDFC Bank share price was in focus today as the bank has partnered with Route Mobile to showcase Rich Communication Services (RCS) on Google's RCS Business Messaging platform at Mobile World Congress (MWC) 2019.

Route Mobile is among the leading cloud-communications platform service provider to enterprises, over-the-top (OTT) players and mobile network operators.

HDFC bank share price ended the day up by 1.6%.

To know more about the company, you can read HDFC bank's latest result analysis on our website.

In another news, Bank of Baroda share price was also in focus today as the lender has tied up with Germany's KfW Development Bank to extend funding of $113 million to refinance solar projects, under the Solar Partnership II - Promotion of Solar PV in India.

This proposal constitutes part of the overarching Indo-German Solar Energy Partnership. Under an inter-governmental Memorandum of Understanding (MoU) in 2015, Germany has committed to providing financing support through KfW Development Bank for solar photovoltaic investments.

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