Closing bell: Sensex ends 286.68pts higher, Nifty rises above 10,200

Closing bell: Sensex ends 286.68pts higher, Nifty rises above 10,200
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Mumbai (Maharashtra): Market indices ended significantly higher on the first day of the new fiscal owing to gains in pharmaceutical, auto, IT and infrastructure sectors.

While the BSE’s Sensex ended 286.68 points higher at 33,255.36, Nifty rose above 10,200, ending at 10,211.80 in Monday afternoon trade.

Shares of Adani Ports, Kotak Mahindra Bank, and Cipla recorded maxium gains, while those of ICICI Bank and Axis Bank were under pressure.

Earlier in the day, stock prices of ICICI Bank dropped by approximately seven percent after the Central Bureau of Investigation (CBI) launched a preliminary enquiry in a matter relating to a the loan given to Videocon Group.

Shares of the leading private lender plunged to a five-month low of Rs 258.8 on National Stock Exchange (NSE).

On Thursday, the Reserve Bank of India (RBI) slapped a fine of Rs. 58.9 crore on ICICI Bank, for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category. (ANI)