It is a positive close for the Indian market in a volatile day ahead of counting of Lok Sabha Election 2019.
At close, the Sensex was up 140.41 points at 39110.21, while Nifty was up 28.80 points at 11737.90. About 1356 shares have advanced, 1147 shares declined, and 183 shares are unchanged.
IndusInd Bank, Sun Pharma, Bajaj Auto, BPCL and Eicher Motors were among major gainers on the Nifty, while losers were Tech Mahindra, Indiabulls Housing, Bharti Infratel, ITC and Yes Bank.
Among sectors, except IT and FMCG other sectors ended higher led by bank, auto, infra, energy, pharma and metal.
HEADLINES OF THE DAY
MOIL Q4: Net profit was up 5.7% at Rs 135 crore against Rs 128 crore, revenue up 9.8% at Rs 436.6 crore versus Rs 397.6 crore, YoY.
Lupin launches Budesonide Inhalation Suspension: The company announced the launch of its Budesonide Inhalation Suspension, 0.5 mg/2 mL Single-Dose Ampules in the US market, having received an approval from the United States Food and Drug Administration (FDA) earlier.
Bajaj Electricals Q4: Net profit at Rs 28.5 crore versus Rs 7.3 crore, revenue up 10.4% at Rs 1,773 crore versus Rs 1,606.3 crore, YoY.
Bharat Forge has entered into a share subscription agreement with Aeron Systems Pvt Ltd and its founders. The Pune-based company will subscribe 97,500 equity shares of Rs 10 each, equivalent to a 26 percent stake, which are agreed to be subscribed in three tranches.
Cipla reported a 105.6 percent increase in net profit for the quarter ended March 2019 at Rs 367.2 crore, against Rs 178.6 crore in the year-ago period. Revenue rose 19.1 percent at Rs 4,404 crore versus Rs 3,698 crore in the corresponding quarter last year.
IndusInd Bank reported a 62.2 percent decline in Q4 net profit at Rs 360.1 crore, against Rs 953.1 crore in the corresponding quarter last year. NII rose 11.2 percent at Rs 2232.4 versus Rs 2007.6 crore in the year-ago period.
The crucial resistance for Nifty spot is now seen at 11860 and above this 12000 Support for the immediate term is now placed at 11600 next support will be 11480.
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