The market ended with hefty gains. The Sensex closed up 460.36 points or 1.8 percent at 25688.86, and the Nifty was up 132.60 points or 1.7 percent at 7866.05. About 1665 shares have advanced, 972 shares declined, and 165 shares are unchanged.
Bajaj Auto, Axis Bank, HDFC Bank and ITC were top gainers while Dr Reddy's Labs, HUL, Cipla, Tata Steel and GAIL were major losers in the Sensex.
HUL is up 2 percent ahead of its January-March quarter. No firework is expected from HUL's Q4 quarter result but volume is likely to grow riding on price deflation. Margins are expected to remain stable on benign input cost environment and cost control.
Thyrocare Technologies witnessed a stellar debut on the bourses, with the stock listing at Rs 665 -- a 49% premium compared with its issue price of Rs 446 per equity share, on the National Stock Exchange (NSE). The stock closed at Rs 618 up 39%.
Asian Paints gained 2% ahead of the march quarter results due tomorrow.
Upper Ganges Sugar & Industries , Andhra Sugars, Kakatiya Cement Sugar & Industries, Mawana Sugars, Parry Sugar Industries and Ugar Sugar Works closed higher up to 10%.
State run NTPC gained 2.6% after the company announced that it has raised Rs 1000 crore through private placement of secured non-convertible debentures.
Oil and Gas exploration majors ONGC, RIL and GAIL gained between 0.5%-1.5% after crude prices extended gains as raging wildfires hit production in Canada.
On the flip side, Claris Lifesciences dipped 4% after the company reported 60% year on year (YoY) decline in consolidated net profit of Rs 4 crore for the quarter ended March 31, 2016 (Q4FY16). Among its peers, Dr Reddy’s Lab lost 1% while Sun Pharma and Cipla ended flat.
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