Nifty ends above 11,750, Sensex up 336 pts; auto stocks fall.



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Late buying helped benchmark indices to close the first day of May series near day's high level with Nifty finished above 11,750 mark.
At close, the Sensex was up 336.47 points at 39067.33, while Nifty was up 112.90 points at 11754.70. About 1085 shares have advanced, 1410 shares declined, and 153 shares are unchanged. 
Tata Steel, BPCL, GAIL, ICICI Bank and JSW Steel were the top gainers on the Nifty, while losers include Tata Motors, Bajaj Auto, Grasim Industries, Dr Reddy Labs and Bharti Airtel.
Among the sectors, except auto all other sectors ended in green led by metal, bank, energy, IT, pharma and FMCG.
HEADLINES OF THE DAY
HDFC Life Insurance Company Q4 earnings: Net profit rose 5% at Rs 364 crore and net premium income up 15% at Rs 10,247 crore.
Piramal Enterprises Q4: Consolidated adjusted profit at Rs 457 crore, revenue up 23% at Rs 3,680 crore. Board declares final dividend of Rs 28 per share.
MCX Shares Climb 5% on Strong Earnings Growth in Q4 :- Multi Commodity Exchange of India shares rallied 5 percent intraday after healthy earnings growth in quarter ended March 2019.
Torrent Pharmaceuticals shares gained 2.6 percent intraday after its Ahmedabad unit received certain observations from the US health regulator.
The crucial resistance for Nifty spot is now seen at 10820 and above this 10980 Support for the immediate term is now placed at 10600 next support will be 10480.

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