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At close, the Sensex was up 623.33 points at 39434.72, while Nifty was up 187.10 points at 11844.10. About 1823 shares have advanced, 676 shares declined, and 150 shares are unchanged.
ICICI Bank, Zee Entertainment, Vedanta, Tata Steel and Bharti Airtel were among major gainers in the Nifty, while Tech Mahindra, NTPC, ONGC, TCS and HCL Tech were some of the losers.
All the sectoral indices ended in the green led by BSE PSU Bank (up 5.5%) followed by auto, metal and infra gained more than 2 percent.
HEADLINES OF THE DAY
JSW Steel Q4: Consolidated net profit down 49.2% at Rs 1,523 crore versus Rs 2,996 crore, revenue was up 4.8% at Rs 22,368 crore versus Rs 21,336 crore, YoY.
Ashok Leyland shares rallied more than 6 percent ahead of its March quarter earnings to be announced today.
HDFC divested stake in GRUH Finance: HDFC sold 6.10% stake in Gruh Finance to meet RBI conditions for Bandhan Bank merger. The average price was Rs 260.07 per share for shares sold on March 28 and Rs 310.26 for shares sold on May 24, 2019.
UK Prime Minister Theresa May to resign on June 7. The new prime Minister will get elect in a few weeks.
Sun TV Network shares fell 6.5 percent on May 24 after company reported weakear-than-expected operating results in January-March quarter due to TRAI's new regime. Brokerage houses slashed price target.
Glenmark Pharma shares fell over a percent after a media report indicated company's Goa facility received Voluntary Action Indicated (VAI) status.
The crucial resistance for Nifty spot is now seen at 11900 and above this 12000 Support for the immediate term is now placed at 11740 next support will be 11520.
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