Closing Bell: Sensex, Nifty end marginally higher ahead of Union Budget; UPL gains 7%.


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Indian indices ended with marginal gains in a volatile trade on Thursday ahead of Union Budget to be presented on July 5.
At close, the Sensex was up 68.81 points at 39,908.06, while Nifty was up 21.20 points at 11,938. About 1222 shares have advanced, 1195 shares declined, and 172 shares are unchanged.
UPL, Bharti Airtel, UltraTech Cement, Britannia Industries and Tata Motors were among major gainers on the Nifty, while losers were Yes Bank, Tata Steel, Titan Company, Zee Entertainment and JSW Steel.
Among sectors, except metal and pharma all other indices ended higher led by the PSU bank, auto, FMCG, energy, IT, and infra.

HEADLINES OF THE DAY

Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy.
European markets trade higher: European shares hovered at more than one-year high on Thursday as Italian banks gained on relief that the country avoided a EU disciplinary action over its public finances and investors took heart from signs that U.S.-China trade talks were back on track.
Force Motors June auto sales: The company's total sales down 17.2% at 2,210 units against 2,669 units, YoY.
Tata Motors June auto sales: Total JLR UK sales up 5% at 9,433 units against 8,984 units. Total Jaguar UK sales down 0.7% at 2,938 units against 2,960 units and total Land Rover UK sales up 7.8% at 6,495 units versus 6,024 units, YoY.

The crucial resistance for Nifty spot is now seen at 12000 and above this 12260 Support for the immediate term is now placed at 11800 next support will be 11660.

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