Closing Bell: Nifty ends above 11,250, Sensex gains 278 pts; IT, metal stocks in focus

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New Delhi, May 16 : Market close: Last hour surge help the benchmark indices to close near day’s high level with Nifty finishing above 11,250 level.
At close, the Sensex was 278.60 points up at 37,393.48, while Nifty was up 100.10 points at 11,257.10. About 1,155 shares advanced, 1296 shares declined, and 149 shares were unchanged.
Zee Entertainment, BPCL, UltraTech Cement, IOC and Bajaj Finance were among major gainers on the Nifty, while losers were Yes Bank, Bharti Airtel, IndusInd Bank, Coal India and Cipla.
Except pharma, all other sectoral indices ended higher led by IT, metal, energy, bank, auto, FMCG and infra.
JSW Energy Q4: Consolidated net profit at Rs 3.9 crore versus Rs loss of Rs 483.1 crore, revenue up 8.4% at Rs 1,924 crore versus Rs 1,775 crore, YoY.
Rupee at day’s high: The Indian rupee is trading at day’s high at 70.03 per dollar on Thursday. It gained 31 paise versus previous close 70.34 per dollar.
Bajaj Finance post highest ever quarterly profit at Rs 1,176 crore
Bajaj Finance post highest ever quarterly profit at Rs 1,176 crore
Bajaj Finance has reported 57 percent jump in its consolidated net profit at Rs 1,176 crore in Q4 on the back of fall in provisions.
Minda Industries Q4: Consolidated net profit down 45.8% at Rs 73.5 crore, revenue up 8.4% at Rs 1,486.5 crore, YoY.
Shilpa Medicare gets USFDA nod: The company has received USFood and Drug Administration final approval for its ANDA, Zoledronic Acid Injection, 4 mg/5 mL on 15.05.2019.
Bank of India back in the black in Q4, records Rs 252 crore profit
Bank of India back in the black in Q4, records Rs 252 crore profit
Bank of India has turned the corner as the company reported net profit of Rs 251.8 crore in the quarter ended March 2019 against the loss of Rs 3,969 crore in a year ago period.
Ingersoll Rand Q4: Net profit down 36.4% at Rs 16.8 crore against Rs 26.5 crore, revenue up 40.4% at Rs 191.3 crore Rs 136.3 crore, YoY.

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