Closing Bell: Nifty ends above 10,650, Sensex up 197 pts; HDFC Bank, RIL major contributors.
Indian indices ended on strong note on Friday with Nifty closed above 10,650 level.
The Sensex was up 196.62 points at 35,457.16, while Nifty was up 65.50 points at 10,682.20.
Barring metal, all other indices ended in green led by IT, energy, infra and pharma, while Nifty PSU bank index gained 2 percent.
Bharti Airtel, Reliance Industries, SBI, Hero Motocorp and HDFC are the top gainers on the Sensex.
HEADLINES OF THE DAY
GVK Power and Infrastructure has got shareholders' approval to raise up to Rs 8,000 crore.
Tata Sons may end joint venture with AirAsia.
Consolidated net profit rose 29 percent at Rs 111 crore versus Rs 86.1 crore. Revenue was up 26 percent at Rs 1,668 crore against Rs 1,320 crore.
Mahindra & Mahindra to hike price: The company with effect from January 1, 2019, will increase the price of the Marazzo by Rs 30,000-40,000.
DHFL has issued non convertible debentures worth Rs 1,500 crore at a coupon of 9.92% with maturity in 2028.
Jet Airways Gains 11% Ahead Of Crucial Tata Sons Board Meet For Deal With Company.
Share price of Glenmark Pharma rose 1.5 percent in morning after company received a USFDA approval for Teriflunomide tablets.
Shares of Yes Bank are down over 4 percent in the morning trade as investors reacted to the news of OP Bhatt resigning from CEO & MD’s search panel.
The crucial resistance for Nifty spot is now seen at 10750 and above this 10890 Support for the immediate term is now placed at 10570 next support will be 10350.
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