Equity trading tips : Nifty closes above 8,400; M&M surges over 4%
Mahindra Q4 profit down 39%, misses estimates
Vodafone sells its 4.2 % stake in Bharti Airtel for $200 mn 5
FIPB defers Kotak Bank's proposal to hike FDI limit
BoI to sell 18% stake in life insurance JV to Dai-ichi
Nikkei ends @ 20,563, hits fresh 15-yr closing high
The 30-stock benchmark Sensex ended the day at 27,828.44; up 321.73 points.
The broader 50-share Nifty closed above the crucial mark of 8,400 @ 8,433.65; up 114.65 points.
26 of the Sensex stocks ended the day in green. Sectorally, auto index was the top gainer, up 1.8%. Airtel and M&M were the top gainers on Sensex, closing with gains of about 4%. Value buying, hopes of a rate cut from RBI on June 2 are said to the top reasons why Indian markets were on a roll today.
Spicejet rallied 12 per cent intraday after reporting net profit of Rs 22.5 crore for the Q4 of the current fiscal year.
Adani Enterprises dropped by 7 per cent intraday, extends losses. Read Here
Airtel surged over 6 per cent intraday on Vodafone stake sale.
Rupa gained another 10 per cent, up 90 per cent in 7 days.
Wockhardt recoverd after losing as much as 7.3 per cent intraday.
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