Monday 11 May 2015

Sensex ends up 505 pts, Nifty ends at 8191; autos surge

Equity trading tips: Sensex ends up 505 pts, Nifty ends at 8191; autos surge

HUL Q4 profit jumps 16.7% to Rs 1,018 cr, volume growth 6%

PNB Q4 disappoints, profit tanks 62%, asset quality weak

PNC Infratech IPO opens, raises Rs 146cr via anchor portion

Hero Moto slips 4% on 2nd straight disappointing quarter

Tata Motors rises 5% on rights issue, JLR UK sales in April

After a stellar rally, the Sensex ended up 506.28 points or 1.9 percent at 27105.39. The Nifty was up 134.20 points or 1.7 percent at 8191.50. About 1865 shares have advanced, 835 shares declined, and 169 shares are unchanged.

Tata Motors, Cipla, ICICI Bank, Hindalco and HUL were top gainers in the Sensex. Among the losers were Hero MotoCorp, ONGC, TCS, NTPC and Vedanta.

Hindustan Unilever (HUL) matched street estimates with the fourth quarter profit rising 16.7 percent year-on-year to Rs 1,018 crore compared to Rs 872 crore in the year-ago period.

Rupee recovered by 22 paise to 64.01 against the greenback today led by an increase in dollar selling by exporters and banks. The Indian currency slipped below the 64-mark to end at a 20-month low of 64.23, depreciating 69 paise against the dollar Thursday due to foreign investors pulling out money from India amid concerns over MAT and delay in the passage of key reform bills.

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