Closing Bell: Sensex ends on a high note, Nifty just below 10,850; Yes Bank surges 8%

Equity benchmarks have ended the day on a positive note, but the Nifty has ended the session below 10,850.

Among sectors, energy, IT and PSU banks were the big gainers, while automobiles and pharmaceuticals saw some pain.

At the close of market hours, the Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. The market breadth was negative as 938 shares advanced, against a decline of 1,533 shares, while 152 shares were unchanged.

Yes Bank and Reliance Industries were the top gainers, while Tata Motors, Power Grid, and Bharti Infratel lost the most.

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Yes Bank announces appointment of Ravneet Gill as MD and CEO w.e.f March 1.

: Consolidated net profit was up at Rs 20.3 crore, revenue was up 44.9 percent at Rs 471.4 crore.

: Sony in talk to pick up stake in Zee Entertainment, reportedCNBC-TV18, quoting Sources.

The company has reported 2.6 percent rise in its Q3 net profit at Rs 192.1 crore versus Rs 171 crore in the same quarter last fiscal.Revenue was up 6.4 percent at Rs 1,099 crore against Rs 1,033 crore

| Reliance Jio launched Rs 594 and Rs 297 long validity prepaid plans for Jiophone users with168 days and 84 days validity respectively.

The Indian rupee is trading higher by 11paiseat 71.23 per dollar versus previous close71.34.

: The company's Q3 standalone net profit at Rs 449 crore, revenue at Rs 8812.7 crore. Domestic sales volume up 15%, YoY.

As a part of their clean-up act, public sector banks are looking to get rid of their bad loans going into financial year 2019-20.

As per a report in Business Standard, PSBs are planning to off-load loans worth over Rs 96,000 crore (as per industry estimates), including those under bankruptcy proceedings.

PVR has posted 78.5 percent jump in its third quarter (Q3FY19) consolidated net profit at Rs 51.6 crore against Rs 29 crore in the same quarter last fiscal.Revenue of the company 51 percent at Rs 843.1 crore against Rs 557.3 crore.