Closing Bell: Nifty ends above 11,900, Sensex up 248 points; Tata Steel surges 5%.

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It was a strong close for the benchmark indices on May 27 with Nifty finished above 11,900 level.
At close, the Sensex was up 248.57 points at 39683.29, while the Nifty was up 80.70 points at 11924.80. About 1782 shares have advanced, 797 shares declined, and 160 shares are unchanged.
Tata Steel, Yes Bank, NTPC, IOC and L&T were the top gainers on the Nifty, while Zee Entertainment, IndusInd Bank, Reliance Industries, Tech Mahindra and Bharti Airtel were the major losers.
Among the sectors, except IT and pharma all other indices ended higher led by infra, metal, PSU bank, FMCG and energy.
HEADLINES OF THE DAY
Colgate Palmolive Q4 result:
Net profit up 4.7% at Rs 197.6 crore versus Rs 188.8 crore, revenue up 5.7% at Rs 1,154 crore versus Rs 1,092 crore, YoY
EBITDA at Rs 310.7 crore and margin down at 26.9%.
Force Motors Q4
Net profit down 35.3% at Rs 39.2 crore, revenue up at Rs 1,060.5 crore. EBITDA down 33.9% at Rs 73 crore and margin at 6.9%, YoY.
GAIL Q4: Net profit was down 33.2% at Rs 1,122.2 crore against Rs 1,681.2 crore, revenue down 5.2% at Rs 18,763.9 crore against Rs 19,789 crore.
BHEL Q4 Profit Jumps 49% To Rs 683 Cr
State-owned power equipment maker Bharat Heavy Electricals (BHEL) reported a 49.3 percent year-on-year growth in March quarter profit due to lower other expenses and tax cost.
Motherson Sumi Q4: Consolidated net profit down 20.9% at Rs 410 crore versus Rs 518.4 crore, revenue was up 11.4% at Rs 17,170 crore versus Rs 15,407.8 crore, YoY.
The crucial resistance for Nifty spot is now seen at 12040 and above this 12200 Support for the immediate term is now placed at 11800 next support will be 11620.

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