Nifty PSU Bank index settles 3.86% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) UNION BANK (I) 80.65 74.40 6.25 8.40 BANK OF BARODA 120.75 113.05 7.70 6.81 PUNJAB NATL.BANK 78.65 73.85 4.80 6.50 ALLAHABAD BANK 42.15 39.65 2.50 6.31 BANK OF INDIA 81.90 77.50 4.40 5.68 See More Nifty sectoral gainers of the day BSE Sensex: SBI, Sun Pharma, Axis Bank among top gainers of the day, HUL top loser Market at close The S&P BSE Sensex ended at 36,520, up 196 points while the broader Nifty50 index settled at 11,008, up 71 points. Ashok Leyland first-quarter profit tops expectations Ashok Leyland reported a better-than- expected first quarter net profit on Tuesday, driven by higher sales in its medium and heavy commercial vehicles business. Net profit rose to Rs 3.70 billion ($54.13 million) in the quarter ended June 30 from Rs 1.11 billion a year ago. The year-earlier quarter included a foreign exchange loss of Rs 26.7 million. NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids The NCLAT today stayed the meeting of Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on finalisation of bids of the debt-ridden firm. The National Company Law Appellate Tribunal (NCLAT) also pulled up the Resolution Professional (RP) of the company, Mahendra Kumar Khandelwal, for not following its previous orders to allow the representatives of operational creditors to attend the meeting. READ MORE
The S&P BSE Sensex ended at 36,520, up 196 points while the broader Nifty50 index settled at 11,008, up 71 points.
Among sectoral indices, Nifty PSU Bank index rose over 3.5% with Union Bank of India, Allahabad Bank, Bank of Baroda, PNB gaining in the range of 6 per cent - 8.5 per cent.
(with Reuters inputs)