MARKET WRAP UP : 11 May 2018
Nifty above 10,800, Sensex soars 290 pts; Asian Paints leads gainers' chart
Benchmark indices have ended the day on a strong note, as buying was seen in last hour of trade. Metal outperformed the benchmark indices with gains of 1.5 percent.
Asian shares rallied after softer US inflation was seen reducing pressure on the US Federal Reserve to hike rates at the faster pace.
The Sensex was up 289.52 points at 35535.79, while the Nifty was up 90 points at 10806.50. About 1115 shares have advanced, 1537 shares declined, and 163 shares are unchanged.
Asian Paints, Tata Steel, HDFC, Larsen and Toubro, ICICI Bank, HPCL, Vedanta, BPCL and Indiabulls Housing were the top gainers on the indices.
HEADLINES OF THE DAY
The initial public offer of Indostar Capital Finance was subscribed 1.42 times.
JSW Steel reported 6 percent growth in crude steel production at 13.61 lakh tonne during April 2018.
Tata Motors today reported 38.81 percent rise in global sales, including that of Jaguar Land Rover, at 1,02,297 units in April.
Zee Entertainment up 1% despite 85% fall in Q4 profit.
Titan Q4 net jumps 71% to Rs 304 cr.
Shares of PC Jeweller gained more than 18 percent in the opening trade on Friday as the company board approved the proposal of share buyback.
UPCOMING RESULTS: - VARDHMAN TEXT, JK CEMENT, KALYANI FORGE, OMAX AUTOS, ORIENTAL BANKVANATI ORGANICS, BAJAJ HIND,AVADH SUGAR, BALAJI ANIMES, BLUESTAR, BOMBAY DYEING, CUPID, GODREJ AGROVET, HUL, JKPAPER, KEC INTL, MAJESCO