HDFC Group, FMCG, select auto stocks and Reliance helped the Nifty close above psychological 9,600-mark for the first time.
The Sensex was up 81.07 points at 31109.28, while the Nifty was up 9.80 points at 9604.90.
Street carries on bullish momentum, led by a rally in midcaps and steady earnings from index majors. Pharma stocks continue freefall post poor Q4 and sector outlook.
Street ends the session on an extremely strong note, driven by a rally in midcaps as well as private banks. However, pharma stocks sulked the most on poor earnings, sectoral outlook.
Intense buying boosts Street, with Sensex ending over 440 points higher, while the Nifty gains nearly 150 points. Bank Nifty and midcaps gain on expiry day, pushing the indices higher.
The Sensex was up 448.39 points at 30750.03, while the Nifty ended 140.95 points higher at 9501.50.
Volatile session for D-street today as reports surface of Pakistanâs fighter jets flying near Siachen area. Midcaps continue corrective phase, dragging the indices lower.
Tata Group stocks, Tata Motors and Tata Motors DVR gained the most, while BHEL, Bank of Baroda, LT and Bharti Infratel lost the most.
Sensex extends losses in the final minutes of the trading session, following cross border tension reports. The Nifty settled below 9400.
Sun Pharma and Cipla were the top losers on both indices, while Maruti Suzuki, Mahindra and Mahindra, Eicher Motors and Hindalco gained the most.
Selling pressure witnessed on the Street after a gap up opening as bears continued to fight it out with the bulls on Monday. FMCG stocks led the pack of gainers, while PSU banks and midcaps bled.
The Sensex ended up 106.05 points at 30570.97, while the Nifty closed up 10.35 points at 9438.25.
Indices fall after surging over a percent during the morning session, with the Sensex also clocking a record high figure. The Street then erased majority of their gains to end flat.
The market breadth was still negative as 848 shares advanced against a decline of 1,771 shares, while 153 shares were unchanged.
Midcaps correct after a run up in the recent past, which led the fall, while pharma, metals, among others followed suit. IT stocks gained on positive sentiment post Trumpâs crisis and weak rupee.
The order was for delivery of circa 8 million camshafts. The company further informed that the camshafts are to be supplied to its facilities in Spain and China.
The telecom operator posted a consolidated net loss of Rs966 crore for the fiscal ended fourth quarter compared to a net profit of Rs90 crore in the same period last year.
The IT services major posted a consolidated net profit for the March quarter at Rs 589.7 crore, a fall of 30.2 percent against Rs 845 crore quarter on quarter.
The meeting of the board of directors of the company is scheduled to be held on May 29, to consider and approve the audited financial results for the quarter and year ended March 31, 2017.
Sharekhan said the development was a positive read through for banks like SBI, ICICI Bank, Axis Bank and Yes Bank which have exposure to the group.
Manappuram Finance, a gold loan NBFC, yesterday reported a 54 per cent increase in net profit at Rs 200.57 crore for the fourth quarter ended March 2017.
Under the said scheme of arrangement, shareholders of Sintex Industries will get one share of Sintex Plastic Technology for every share of Sintex Industries held on the record date.
Airlines gain in 3-5 percent range, while paint stocks rally between 3 and 8 percent on the back of cut in input cost prospects.
The company reported 6.8 percent quarter-on-quarter (QoQ) fall in the net profit to Rs 3,720 crore for the quarter ended March 31.
The company received approval for Olmesartan Medoxomil tablets. It also told the exchanges that SP Global Ratings had reaffirmed its credit rating as BB as part of annual review cycle.
The heavy electrical equipment makerâs net profit for the March quarter came in at Rs 13.1 crore against a loss of Rs 1.05 crore a year ago.
Bearishness in the stock continued for the third day, following banksâ declaring the companyâs debt as a non-performing asset. Dena Bank and Central Bank of India have declared the company as an NPA on their books.
The company at its meeting held on May 25, has approved issue of bonus shares in the ratio of 2:5.
UTI Mutual Fund sold 99,66,000 shares of IDFC.
In September 2016, the company had approved a composite scheme of arrangement for the demerger of the custom moulding business from Sintex Industries into Sintex-BAPL and prefab business from Sintex Industries to Sintex Infra Projects.