Closing Bell: Sensex ends 138 pts higher, Nifty near 11,700; Tata Motors gains 7%

Benchmark indices ended higher but off day's high on Monday with Nifty finished below 11,700 level.

At close, the Sensex was up 138.73 points at 38905.84, while Nifty was up 46.90 points at 11,690.40. About 1454 shares have advanced, 1129 shares declined, and 184 shares are unchanged.

Tata Motors, TCS, Coal India, Tata Steel and Kotak Mahindra Bank were among major gainers on the Nifty, while losers were Infosys, Bharti Infratel, Sun Pharma, IOC and Yes Bank.

Among the sectors, metal space led the gainers as it ended 2 percent higher followed by auto, IT, infra and bank, while energy and pharma ended with marginal loss.

D-Street Buzz: TCS jumps 4%, Tata Motors extends gains; PC Jeweller zooms 15%

The Indian benchmark indices continues to trade on a positive note this afternoon with Nifty50 adding 41 points, trading at 11,684, while the Sensex gained 141 points and is trading at 38,908.... Read More

Met Department expect near normal Monsoon in 2019

Subros has executed definitive agreement(s) to acquire Zamil Air Conditioners' certain assets relating to manufacture of Home Air conditioning systems for a total transaction of Rs 111.50 million. The company has an order book of Rs 900 million from OEM customer(s) for supply of Home Air conditioning units. The execution of the orders will be by using the manufacturing factories of ZAMIL at Nalagarh, District Solan, Himachal Pradesh.

'Probability of Nifty hitting 11,770 is higher now; auto, commercial banks look good'

Shrikant Chouhan Nifty detested to close below 11,550 in spite of having multiple hammering last week. Almost every day, the market broke the level of 11,600 and tried to dismiss the level of 11,550, however, it found strong rejection from bulls.... Read More

Update: Benchmark indices are trading at day's high level with Nifty around 11,700.

TheSensexis up 171.77 points at 38938.88, while Nifty is up 52.30 points at 11695.80. About 1412 shares have advanced, 985 shares declined, and 166 shares are unchanged.

'Nifty trading at premium valuation of 19x; HDFC Bank our preferred pick'

On a one-year forward basis, Nifty is trading at a premium of 19x, a similar trend with skewed nature may prevail, Vinod Nair, Head of Research at Geojit Financial Services, said in an interview with Moneycontrol's Kshitij Anand.... Read More

Television broadcasting network TV18 Broadcast has reported a 30 percent growth in consolidated operating EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 314 crore compared to previous financial year.

Consolidated operating revenue during the year grew by 3 percent to Rs 4,943 crore and revenue ex-film production increased by 8 percent to Rs 4,727 crore compared to FY18.

Metropolis Healthcare lists at Rs 960: What should investors do now?

Metropolis Healthcare shares started trade on the first day at Rs 960 on the BSE on April 15 - a 9 percent premium to issue price of Rs 880.... Read More

Tourism Finance Corporation of India appoints Anirban Chakraborty as managing director & CEO of the company w.e.f. April 15, 2019.

Shemaroo Entertainment has approved the investment by acquiring 50% stake of Dominiche Productions. Subsequent to the acquisition, Dominiche will be the associate of the company.