Closing Bell: Sensex ends 186 points higher, Nifty above 10,200; Bharti Airtel up 9%.
A positive end for the market, with the Nifty closing above 10,200. The Sensex ended over 180 points higher.
Barring pharma, all the sectors ended in the green, with infrastructure and metals ending the day at high points. The Nifty Midcap index also ended a percent higher.
A fall in crude prices to USD 75 per barrel boosted sentiment on D-Street in the last hour, which led to the market making a complete turnaround.
At the close of market hours, the Sensex was up 186.73 points or 0.55% at 34033.96, while the Nifty shut 78.00 points or 0.77% higher at 10224.80. The market breadth was narrow as 1,345 shares advanced, against a decline of 1,203 shares, while 1,045 shares were unchanged.
HEADLINES OF THE DAY
Shares of Bharti Airtel ended 9 percent higher ahead of Q2 results.
Cholamandalam Investment and Finance gained 6 percent after ICRA assigned A1+ rating to the Rs 7,500 crore (enhanced from Rs 6,000 crore) commercial paper.
Jyothy Labs Q2: The company's September quarter net profit was up 7.2 percent at Rs 45.3 crore against Rs 42.3 crore. Revenue was up 7.1% at Rs 427.7 crore against Rs 399.2 crore, YoY.
Bajaj Auto Q2 profit rises 4%; sales volumes lift revenue 22% but margin weakens.
Results to be announced tomorrow :- Aptech,Bharti Airtel,BHEL,Biocon,Ceat,CG Consumer,DB Corp,Dish TV,Force Motors,JM Financial,JSW Steel,Kajaria Ceramic,Maruti Suzuki,Oriental Bank,Piramal Enter,Praj Industries,PVR,Quess Corp,Raymond,Shriram Trans,Tata Coffee,Yes Bank.
The crucial resistance for Nifty spot is now seen at 10320 and above this 10450 Support for the immediate term is now placed at 10180 next support will be 9900.
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