Closing Bell: Sensex soars 190.66pts; Nifty at 10,739.35

Market indices ended positive on Monday evening, backed by fresh global cues and correction in prices of crude oil.

The BSE's Sensex ended 190.66 points higher at 35,160.36, while Nifty inched closer to 10,800 at 10,739.35 in closing trade.

Marico, Vijaya Bank, Bombay Dyeing and Jet Airways gained up to eight percent, while InterGlobe Aviation, PC Jeweller and IDBI Bank traded under pressure and incurred losses of up to 19 percent.

All sectoral indices traded in green, with FMCG, IT, PSU Bank and Realty indices rising over one percent each.

Meanwhile, HDFC gained nearly two percent after reporting a 39 percent rise in profits.

For the quarter ended March 31, HDFC reported standalone profit after tax at Rs. 2,846 crore over Rs. 2,846 crore in the same period last year. On the yearly front, the company reported standalone profit after tax at Rs.12, 164 crore compared to Rs. 7,443 crore last year.

Alongside the release of its fourth quarter results, HDFC announced the resignation of its independent directors, D. N. Ghosh and D. M. Sukthankar.

Furthermore, the board appointed former Securities and Exchange Board of Indian (SEBI) director U. K. Sinha and Jalaj Dani as independent directors for a term five years, subject to the approval of members at the ensuing Annual General Meeting (AGM). It also re-appointed Keki M. Mistry as the Managing Director (designated as Vice-Chairman and Chief Executive Officer) of the Corporation for a period of three years, with effect from November 14.