Tuesday, May 22, 2018

Sensex, Nifty end mildly higher; SBI, DRL top gainers

Market Closing: Benchmark indices snapped five-day losing streak, led by short covering most beaten down stocks like banks.

The 30-share BSE Sensex was up 35.11 points at 34,651.24 and the 50-share NSE Nifty gained 20 points at 10,536.70. About 1,442 shares advanced against 1,169 declining shares on the BSE.
Nifty Midcap was up 48 points.

Bajaj Finance, Bajaj Finserv and Berger Paints hit new highs intraday.

Ashok Leyland, Havells India, Strides Shasun, Jet Aiways, Just Dial, Motilal Oswal and Endurance Technologies gained up to 15 percent.

Adani Power and GVK Power were down up to 3 percent.


Dr Reddy's Laboratories shares price increased by 8 percent despite decline in net profit for the quarter ended March 2018.

Jamna Auto Industries has reported 33.5 percent jump in its Q4FY18 net profit at Rs 46.7 crore against Rs 35 crore, in a year ago period.

United Breweries has increased Kingfisher Beer prices by 2-3 percent in Mumbai, reports CNBC-TV18 quoting Cogencis.

Symphony share price fell 6 percent intraday after the company reported a 4.5 percent decline YoY in profit at Rs 41.9 crore compared to Rs 43.9 crore in March quarter 2017.

Bosch's March quarter profit fell 1.5 percent year-on-year to Rs 433.8 crore on weak operational performance.

State-owned Indian Oil Corporation has reported profit at Rs 5,218 crore crore on revenue of Rs 1,17,368 crore for the quarter ended March 2018.

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