Closing Bell: Sensex ends 160 pts higher, Nifty around 11,650; ITC gains 3%

The benchmark indices ended higher on Friday with Nifty ended above 11,600 level.

At close, the Sensex was up 160.10 points at 38767.11, while Nifty was up 46.80 points at 11,643.50. About 1355 shares have advanced, 1138 shares declined, and 153 shares are unchanged.

Shares of IT major, Tata Consultancy Services (TCS) and Infosys ended flat ahead of their March quarter earnings to be released later today.

GAIL, ITC, Maruti Suzuki, Cipla and Zee Entertainment were among major top gainers on the Nifty, while losers were Indiabulls Housing Finance, IOC, Bajaj Finance, L&T and Tata Motors.

Among the sectors, auto and FMCG indices led the gainers with 1 percent gain followed by IT, pharma and bank.

Fractured mandate in Lok Sabha polls could impact FII flows: Tata MF

We are not very optimistic on the sector as capacity additions are likely to continue and pricing discipline will therefore be intermittent in nature.... Read More

Central Electricity Regulatory Commission (CERC) approved higher tariff for Adani Power’s 2000 MW Mundra plant, reported CNBC-TV18.

Gold prices inched up on Friday, a day after the metal posted its biggest daily percentage decline in two weeks, as the dollar and Asian equities slipped.

Top 30 stocks that fund managers bought & sold in March; do you own any?

Top 30 stocks which witnessed strong buying according to change in value include names like NTPC, ICICI Prudential, L&T, SBI Life, SBI, Jubilant Food, Maruti, Bank of Baroda, Relaxo and Aarti Industries among others.... Read More

Max Estates, a subsidiary of Max Ventures & Industries announced the opening of its flagship office project – Max Towers located on the Delhi Noida Directway (DND).

TCS to announce Q4 earnings on April 12; here's what to watch out for

Profit for the quarter is expected to decline in the range of 2-6 percent sequentially while operating margin is likely to be steady or see marginal contraction quarter-on-quarter in Q4.... Read More

The board of directors at its meeting declared an interim dividend for the Financial Year 2018-19, at 40 percent i.e, Rs 0.80 per equity share on face value of Rs 2 per share.

The company has received letter of award from ONQC, for Charter Hiring of 01 No. of 50 MT work over rig for Ahmedabad Asset for Category-2 for a period of three years. The total estimated value of the said award is approximate Rs 18 crore.

Infosys Q4 preview: Brokerages expect dollar revenue growth of 2-2.5%

Brokerages expect Q4 to be better than third quarter due to ramp-up in large deals.... Read More

RITES order book up by 27.5% during FY19: RITES order book has substantially improved from Rs 4818 crore as on 31St March 2018 to Rs.6142 crore at the end of the FY19 (accounts for the FY19 are under audit). Company has secured more than 300 projects/contracts including extension in scope of projects during FY19.