Market close: 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.
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
Simplex Infrastructure sinks 18%: Shares of Simplex Infrastructure fell 18 percent as ICICI Direct maintained its reduce call on the stock, citing higher debt levels and likely muted execution in FY20.
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