Market close: Sensex and Nifty rallied over 1 percent each, closing near their day's high level on May 17 ahead of exit poll of Lok Sabha election 2019.
At close, the Sensex was up 537.29 points at 37930.77, while Nifty was up 150.10 points at 11407.20. About 1381 shares have advanced, 1112 shares declined, and 140 shares are unchanged.
Zee Entertainment, Bajaj Finance, Bajaj Finserv, Hero Motocorp and Maruti Suzuki were among major gainers on the Nifty, while losers include Yes Bank, Dr Reddy’s Labs, Vedanta, Hindalco and Infosys.
Among sectors, auto and FMCG index gained 2.5 percent followed by bank and Infra, while selling witnessed in IT, metal and pharma sectors.
Bajaj Auto Q4 result: Two-wheelers major Bajaj Auto has reported 20 percent jump in its fourth quarter standalone net profit (Q4FY19) at Rs 1,305.6 crore. Revenue of the company jumped 9 percent at Rs 7,395 crore.
Dr Reddy’s Laboratories Q4: Dr Reddy’s Laboratories has reported 44 percent jump in its Q4FY19 net profit at Rs 434.4 crore against Rs 302.2 crore in the same quarter last fiscal.
Spencer Retail approved a proposal for acquisition of entire 100% stake held by Godrej Industries in its wholly owned subsidiary Natures Basket, subject to requisite approval of the shareholders of the company and execution of a share purchase agreement for undertaking the transaction contemplated above.
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