Nifty, Sensex up for sixth day, Hindustan Unilever gets Horlicks boost

File photo. Photograph:( Zee News Network )

Reuters Mumbai, Maharashtra, India Dec 03, 2018, 04.46 PM (IST)

Stocks rose on Monday after a truce in trade relations between the United States and China, while shares in Hindustan Unilever jumped after its deal involving GlaxoSmithKline's Horlicks nutrition business.

The broader NSE Nifty closed 0.06 per cent higher at 10,883.75, while the benchmark Sensex index ended 0.13 higher at 36,241. Both indexes marked their sixth successive session of gains.

Hindustan Unilever jumped 4.1 per cent to its best ever closing level after a deal announced by its Anglo-Dutch parent Unilever to buy GlaxoSmithKline`s Indian Horlicks business for $3.8 billion.

Meanwhile, shares in Sun Pharmaceutical Industries Ltd, India`s top drug manufacturer by market value, slid 7.6 per cent after a report of a regulatory probe against the company.

Story highlights

The broader NSE Nifty closed 0.06 per cent higher at 10,883.75, while the benchmark Sensex index ended 0.13 higher at 36,241. Both indexes marked their sixth successive session of gains.