Closing Bell: Sensex rallies 623 pts, Nifty settles at 11,844; ICICI Bank gains 5%

Indian indices ended near day's high level on May 24 after BJP led NDA government got clear mandate in the Lok Sabha Election 2019.

At close, the Sensex was up 623.33 points at 39434.72, while Nifty was up 187.10 points at 11844.10. About 1823 shares have advanced, 676 shares declined, and 150 shares are unchanged.

ICICI Bank, Zee Entertainment, Vedanta, Tata Steel and Bharti Airtel were among major gainers in the Nifty, while Tech Mahindra, NTPC, ONGC, TCS and HCL Tech were some of the losers.

All the sectoral indices ended in the green led by BSE PSU Bank (up 5.5%) followed by auto, metal and infra gained more than 2 percent.

Golden Cross | Midcap and small cap indices are set for fresh bull trend, says ICICI Direct

ICICI Direct said investors should focus on building a portfolio of quality cyclical stocks to ride the rally as since inception, "Golden Cross" on the Nifty Midcap, small cap have produced a minimum return of 29 percent and 37 percent, respectively, in the following year.... Read More

The Indian rupee is trading higher by37paiseat 69.64per dollar on Friday versus previous close 70.01.

Consolidated net profit down 49.2% at Rs 1,523 crore versus Rs 2,996 crore, revenue was up 4.8% at Rs 22,368 crore versus Rs 21,336 crore, YoY.

D-St Buzz: PSU banks surge led by BoB; ICICI Bank at record high, auto stocks rally

The top Nifty gainers included Zee Entertainment, Tata Motors, Mahindra & Mahindra, Larsen & Toubro and ICICI Bank while the top losers are ONGC, Tech Mahindra, HCL Tech, NTPC and Hindustan Unilever.... Read More

Ashok Leyland shares rallied more than 6 percent ahead of its March quarter earnings to be announced today.

HDFC sold 6.10% stake in Gruh Finance to meet RBI conditions for Bandhan Bank merger. The average price was Rs 260.07 per share for shares sold on March 28 and Rs 310.26 for shares sold on May 24, 2019.

ICICI Bank, Titan Company, L&T among top 5 wealth-creating ideas for next 5 years

It is a good time for investors looking to start their fresh journey in the market along with the new government at the center, Siddhartha Khemka of MOSL.... Read More

UK Prime Minister Theresa May to resign on June 7.The new prime Minister will get electin a few weeks.

European market are trading higher with 0.5 percent gain.

Consolidated net loss at Rs 79.3 crore (Include one-time loss at Rs 224 crore) against profit of Rs 86.6 crore. Revenue up 3.4% at Rs 1,557.2 crore versus Rs 1,506.2 crore, YoY.

Bodal Chemicals Q4: Weak quarter, but strategic decisions hold promise; accumulate

Highlights: Revenue growth led by better pricing New capacity of Thionyl Chloride to ramp up in FY20 Better product mix and increasing backward integration positive for margins Rs 1,200 crore... Read More

Consolidated net loss at Rs 79.3 crore (Include one-time loss at Rs 224 crore) against profit of Rs 86.6 crore. Revenue up 3.4% at Rs 1,557.2 crore versus Rs 1,506.2 crore, YoY.