Sensex and Nifty rallied over 1 percent each, closing near their day's high level on May 17 ahead of exit poll of Lok Sabha election 2019.
At close, the Sensex was up 537.29 points at 37930.77, while Nifty was up 150.10 points at 11407.20. About 1381 shares have advanced, 1112 shares declined, and 140 shares are unchanged.
Zee Entertainment, Bajaj Finance, Bajaj Finserv, Hero Motocorp and Maruti Suzuki were among major gainers on the Nifty, while losers include Yes Bank, Dr Reddy Labs, Vedanta, Hindalco and Infosys.
Among sectors, auto and FMCG index gained 2.5 percent followed by bank and Infra, while selling witnessed in IT, metal and pharma sectors.
HEADLINES OF THE DAY
Bajaj Auto Q4 result: Two-wheelers major Bajaj Auto has reported 20 percent jump in its fourth quarter standalone net profit (Q4FY19) at Rs 1,305.6 crore. Revenue of the company jumped 9 percent at Rs 7,395 crore.
Dr Reddy Laboratories Q4: Dr Reddy Laboratories has reported 44 percent jump in its Q4FY19 net profit at Rs 434.4 crore against Rs 302.2 crore in the same quarter last fiscal.
CESC Q4: Standalone net profit up 9.2% at Rs 309 crore versus Rs 283 crore, revenue down 7.7% at Rs 1,662 crore versus Rs 1,801 crore, YoY>
IOC Q4: Indian Oil Corporation (IOC) has reported Q4FY19 net profit at Rs 6,099 crore on the back higher operating income. The company had reported net profit of Rs 716.8 crore in the quarter ended December 2018.
Arvind Q4: Consolidated net profit down 41.3% at Rs 64 crore, revenue up at Rs 1,859.4 crore.
The crucial resistance for Nifty spot is now seen at 11600 and above this 11800 Support for the immediate term is now placed at 11260 next support will be 11090.
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