Market close: Benchmark indices ended lower on volatile day with Nifty fell to hold 11,750 level.
At close, the Sensex was down 50.12 points at 38981.43, while Nifty was down 23.40 points at 11724.80. About 1053 shares have advanced, 1442 shares declined, and 163 shares are unchanged.
Yes Bank, Bharti Infratel, Power Grid Corp, HDFC Bank and Hero Motocorp were the top gainers on the Nifty, while losers were Britannia Industries, Zee Entertainment, Tata Motors, ICICI Bank and IndusInd Bank.
Among the sectors, except infra all other indices ended in red led by IT, pharma, FMCG, auto and bank.
Buzzing: Share price of Hindustan Zinc declined 2 percent after company net profit fell 19.7% at Rs 2,012 crore, while revenue down 12.5% at Rs 5,491 crore.
Radico Khaitan Q4 result: Net profit rose 14.2% at Rs 39 crore versus Rs 34.2 crore, revenue up 6.1% at Rs 510 crore versus Rs 481 crore, YoY.
Kansai Nerolac Q4: Net profit down 12.3% at Rs 93 crore versus Rs 106 crore, revenue up 4.5% at Rs 1,153 crore versus Rs 1,103 crore, YoY.
Rupee at day's high: The Indian rupee is trading at day's high level at 69.50 per dollar versus Tuesday's close 69.56.
MRF Q4 results: Net profit down 14.8% at Rs 293 crore versus Rs 345 crore, revenue up 6.2% at Rs 4,073.5 crore against Rs 3,836 crore, YoY.
Buzzing: Shares of Greaves Cotton rose 4 percent after company board approves buyback of its equity shares for an aggregate amount not exceeding Rs 240 crore
Dabur India Q4 results: The company has reported 6.5 percent fall in its fourth quarter consolidated net profit at Rs 370.4 crore on the back of of Rs 75.3-crore write-off of goodwill for Turkey business.
Gruh Finance will hold a shareholder meet on June 4 for approval of the merger with Bandhan Bank
PNB housing to consider raising up to $1 billion via external commercial borrowing, on May 9. The board will also mull issuing NCDs worth up to Rs 10,000 crore in various tranches. - CNBCTV18
Bajaj Auto reported 1.96 percent rise in total sales at 4,23,315 units in April 2019 compared to 4,15,168 units it sold in the year-ago period.
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