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Benchmark indices ended higher but off day's high in the volatile session on May 7 with Nifty finished above 11,850 level.
At close, the Sensex was up 86.18 points at 39,615.90, while Nifty was up 26.90 points at 11,870.70. About 1058 shares have advanced, 1390 shares declined, and 146 shares are unchanged
IndusInd Bank, Bharti Infratel, Bajaj Finance, M&M and Tech Mahindra were among major gainers on the Nifty, while losers were Dr Reddys Laboratories, Yes Bank, Power Grid Corporation, Cipla and JSW Steel.
Among the sectors, except bank and IT all other indices ended in the red led by pharma, infra, metal, energy, auto and FMCG.
HEADLINES OF THE DAY
Rites bags order: Under an ongoing contract, Sri Lanka Railways has given an additional export order aggregating to Rs 200 crore to the company for supply of passenger coaches
ICICI Prudential Life Insurance Company shares gained 2 percent after Emkay maintained buy call on the stock with a revised target price of Rs 435, implying 15 percent potential upside.
European stocks were in recovery mode on Friday after a cautious message from the European Central Bank hit investors� appetite for risk in the previous session, with traders eyeing a US jobs report and US trade tussles with Mexico for fresh direction, reports Reuters.
Oil prices rose more than 1 percent, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts.
SpiceJet dclines 3%: Shares of SpiceJet fell nearly 3 percent after global brokerage firm HSBC downgraded SpiceJet to reduce.
Shares of Wipro is trading higher after company appointed Azim Premji as non-executive director for 5 years and re-appointed Rishad Premji as whole-time director. Azim Premji to retire from his current position as executive chairman & MD.
Indiabulls Real Estate Gains After Stake Sale By Promoters :- Indiabulls Real Estate shares gained over a percent after promoters sold stake in the company to Embassy Group.
The crucial resistance for Nifty spot is now seen at 11990 and above this 12140 Support for the immediate term is now placed at 11700 next support will be 11580.
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