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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

SI Reporter  |  New Delhi 

The markets ended higher on Friday ahead of the Karnataka Assembly elections. The southern state will vote on Saturday and the poll outcome will be known on May 15. The S&P BSE Sensex ended at 35,536, up 289 points while the broader Nifty50 index settled at 10,807, up 90 points. Among individual stocks, Asian Paints hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader Nifty50 index. Shares of Fortis Healthcare ended 3% lower at Rs 148 on the BSE, after the company ...

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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Top gainer of the day: Asian Paints

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Nifty Metal index ends 1.56% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) JINDAL STEEL 256.40 244.70 11.70 4.78 HIND.COPPER 74.00 71.05 2.95 4.15 VEDANTA 286.95 279.70 7.25 2.59 TATA STEEL 607.25 594.15 13.10 2.20 NATL. ALUMINIUM 78.10 76.95 1.15 1.49

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Nifty Sectoral gainers and losers of the day

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

BSE Sensex: Asian Paints top gainer of the day, Bharti Airtel, Sun Pharma among top losers

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Market at close   The S&P BSE Sensex ended at 35,536, up 290 points while the broader Nifty50 index settled at 10,807, up 90 points.

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Pharma shares under pressure;Glenmark hits 52-week low, Sun Pharma falls 6% Shares of select pharmaceutical companies were under pressure, falling by up to 6% ahead of US President Donald Trump speech today about controlling prescription drug prices. Sun Pharmaceutical Industries slipped 6% to Rs 468 on the BSE in noon deal on back of heavy volumes. Novartis India, Marksans Pharma, Ajanta Pharma, Morepen Laboratories, Alkem Laboratories, Sun Pharma Advanced Research Company (SPARC) and Aarti Drugs were down in the range 3% to 4% on the BSE. READ MORE

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

IPO subscription update

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

How TCS CEO Rajesh Gopinathan came to lead India's most valuable firm The CEO and MD of Tata Consultancy Services (TCS), a company which touched the $100-billion market capitalisation mark last month, is not the typical head of an information technology (IT) company.   Unlike most of his peers in other tech companies who have cut their teeth in software delivery or sales roles, Rajesh Gopinathan comes from the finance function. READ MORE

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

PC Jeweller board approves buy-back of shares worth Rs 4.24 billion PC Jeweller on Thursday announced its board has approved buy-back of shares worth Rs 4.24 billion amid a sharp plunge in stock price in recent weeks. The shares will be bought back at Rs 350 per unit, which is 67 per cent higher than the closing price of Rs 209 apiece on the BSE on Thursday. Promoters will not participate in the buy-back process. In a regulatory filing, the jeweller said the board at its meeting held on Thursday considered and approved the buy-back of up to 1,21,14,286 fully paid-up equity shares of Rs 10 each. READ MORE  

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Paint stocks rise after Asian Paints posts good Q4 results Shares of paint companies were trading higher by up to 6% on the BSE in intra-day trade after Asian Paints said its decorative paint business reported a double digit volume growth in March 2018 quarter (Q4FY18) with improved demand conditions.   Asian Paints has surged 6% to Rs 1,287, surpassed its previous high of Rs 1,261 touched on September 14, 2017 on the BSE in intra-day trade. READ MORE

MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

Market Check S&P BSE Sensex 35,351.59 0.30%   Nifty 50 10,759.80 0.40%   S&P BSE 200 4,683.35 0.44%   Nifty 500 9,396.60 0.38%   S&P BSE Mid-Cap 16,385.23 0.65%   S&P BSE Small-Cap 17,870.46 0.17%

First Published: Fri, May 11 2018. 15:30 IST
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MARKETS ON FRIDAY: Sensex ends 289 points higher ahead of Karnataka polls

The markets ended higher on Friday ahead of the Karnataka Assembly elections

The markets ended higher on Friday ahead of the Karnataka Assembly elections. The southern state will vote on Saturday and the poll outcome will be known on May 15. The S&P BSE Sensex ended at 35,536, up 289 points while the broader Nifty50 index settled at 10,807, up 90 points. Among individual stocks, Asian Paints hit a record high on strong March-quarter results and was among the top contributors to index gains. Stock was the top gainer of the broader Nifty50 index. Shares of Fortis Healthcare ended 3% lower at Rs 148 on the BSE, after the company ...

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