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Sensex closes at all-time high after boost from consumer goods stocks

By Reuters

  • 23 Jul 2018
Sensex closes at all-time high after boost from consumer goods stocks
Credit: Reuters

Indian shares ended higher on Monday with the benchmark BSE index climbing to a record close, as consumer goods stocks gained after the government cut tax rates on a wide range of items.

The broader NSE Nifty ended 0.7 percent higher at 11,084.75, its highest close since Jan. 29, while the BSE Sensex ended up 0.6 percent at 36,718.6, a record closing level.

ITC Ltd ended 3.7 percent higher after the government kept the cess on cigarettes unchanged during its weekend meeting.

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Agrochemicals company UPL Ltd surged 15 percent after it on Friday it would buy a unit of Platform Specialty Products for $4.2 billion.

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