Closing Bell: Sensex gains 113 pts, Nifty ends above 10,500; Tata Motors dips 5%. Infosys was down 4 percent after lowering of full year EBIT margin guidance.
Infosys was down 4 percent after lowering of full year EBIT margin guidance.
Market Closing: Benchmark indices closed in the green for the eighth consecutive session, with the Sensex rising 112.78 points to 34,305.43 and the Nifty gaining 47.80 points at 10,528.40.
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Cipla, Grasim Industries and UPL rallied up to 5 percent.
Tata Motors was down nearly 5 percent. Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19.
Tata Motors was down nearly 5 percent. Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19.
Wipro, SBI, Tech Mahindra and Bharti Airtel were under pressure.
Nifty Midcap gained 158 points.
DCB Bank, Jain Irrigation, JSPL, Dish TV and Indiabulls Real Estate rallied up to 6 percent while Mishra Dhatu Nigam surged 20 percent.
Nifty Midcap gained 158 points.
DCB Bank, Jain Irrigation, JSPL, Dish TV and Indiabulls Real Estate rallied up to 6 percent while Mishra Dhatu Nigam surged 20 percent.
Private sector lender DCB Bank share price rallied more than 5 percent after reporting good earnings growth and improvement in asset quality performance.
Net profit for the March quarter grew by 21.5 percent to Rs 64.2 crore and net interest income grew by 19.7 percent to Rs 263.7 crore compared to year-ago.
Operating profit increased 23 percent to Rs 142 crore from Rs 115 crore on year-on-year basis.
Gross non-performing assets improved to 1.79 percent in Q4FY18 from 1.89 percent in Q3FY18 and net NPA also improved to 0.72 percent from 0.87 percent on sequential basis.
The market extended gains, with the Sensex rising over 100 points and the Nifty trading above 10,500 levels.
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Net profit for the March quarter grew by 21.5 percent to Rs 64.2 crore and net interest income grew by 19.7 percent to Rs 263.7 crore compared to year-ago.
Operating profit increased 23 percent to Rs 142 crore from Rs 115 crore on year-on-year basis.
Gross non-performing assets improved to 1.79 percent in Q4FY18 from 1.89 percent in Q3FY18 and net NPA also improved to 0.72 percent from 0.87 percent on sequential basis.
The market extended gains, with the Sensex rising over 100 points and the Nifty trading above 10,500 levels.
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Index heavyweights HDFC, HDFC Bank and ITC rallied further in the last hour of trade, trading higher by around 1.5 percent.
Infosys (down 3.5 percent), Tata Motors (4.87 percent) and Reliance Industries (0.55 percent), however, continued to see selling pressure.
Infosys (down 3.5 percent), Tata Motors (4.87 percent) and Reliance Industries (0.55 percent), however, continued to see selling pressure.
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