Closing Bell: Sensex gains 234 pts, Nifty ends above 11,650; Yes Bank, Tata Motors rally.
Benchmark indices closed strong with the Sensex rising 234.33 points to 39,131.04 and the Nifty50 climbing 72.70 points to 11,661.05 as all sectoral indices were higher except IT which lost over half a percent.
The market breadth was negative as about 1,285 shares declined against 1,149 advancing shares on the BSE.
The Nifty Midcap index gained 0.7 percent while the Nifty Smallcap index ended flat.
The Nifty Bank, Auto, FMCG and Metal indices climbed 0.4-1 percent while Pharma rallied 1.5 percent and Realty surged 2 percent.
HEADLINES OF THE DAY
Piramal Enterprises made interest payment on non-convertible debentures due today.
HDFC AMC's Q1 profit grew by 42.2 percent year-on-year to Rs 292 crore and revenue increased 7 percent to Rs 504.4 crore YoY.
Yes Bank Gets Back Above Rs 100 per share after seven trading sessions.
The crucial resistance for Nifty spot is now seen at 11520 and above this 11360 Support for the immediate term is now placed at 11800 next support will be 11960.
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