6:00 PM Mumbai – Sensex in Mumbai soared 1.8% on strong auto sales in April. Bajaj Auto April auto sales rose 1%, Maruti Suzuki sales climbed 30% and TVS Motor sales jumped 14%. Tata Motors sales advanced 7%. Adani Ports quarterly net surged 25%.
Bulls were in charge in Mumbai trading and Sensex index soared 1.8% after auto sales in April were ahead of expectations and two large retailers agreed to merge.
Rupee closed unchanged at 63.47.
The Sensex Index climbed 479.28 or 1.8% to close at 27,490.59. The CNX Nifty advanced 150.45 or 1.8% to 8,331.95.
Gainers & Losers
Adani Ports and Special Economic Zone Limited
soared 9.1% to ₹346.40 after the infrastructure developer said net in the fourth-quarter jumped 24.71% to ₹660.73 crore.
Net sales in the quarter soared 54.56% to ₹1,668.25 crore.
Bajaj Auto Limited
climbed 7.4% to ₹2,093.70 after the 2-wheel vehicles maker said April sales in the month increased 1% to 336,274 units compared to 331,529 units.
The company added commercial vehicles sales soared 58% to 50,483 units and export sales advanced 7% to 161,598 units while motorcycle sales slipped 5% to 285,791 units.
Grasim Industries Limited
rose 0.6% to ₹3,618.25 after the viscose staple fibre maker said net in the fourth-quarter declined 25.4% to ₹506.68 crore.
Total revenues increased 4.5% to ₹8,929.23 crore.
rose 0.06% to ₹167.95 after the housing load provider said net in the fourth-quarter soared 48.17% to ₹382.21 crore.
Net sales in the quarter climbed 16.4% to ₹2,583.78 crore.
Maruti Suzuki India Limited
increased 0.7% to ₹3,758.65 after the automaker reported April month sales soared 29.6% to 111,748 units compared to 86,196 units in the same period last year.
Domestic sales in the month climbed 27.3% to 100,709 units and exports sales surged 56% to 11,039 units.
Pantaloons Fashion & Retail Limited
surged 12.1% to ₹129.65 after the retailer plans to combine retail operations with Bharti Retail Ltd.
The merger will combine operations of Future Retail and Bharti Retail to create a retail company with 570 stores across 243 cities and the merged company will be named Future Retail.
Shriram Transport Finance Company Limited
declined 14.9% to ₹828.20 after the commercial vehicle loan provider said net in the fourth-quarter plunged 73.25% to ₹84.23 crore.
Total revenues in the quarter dropped 12.65% to ₹2,420.82 crore.
TVS Motor Company Limited
jumped 5.8% to ₹249.35 after the vehicle maker reported total sales in the April climbed 14% to 195,937 units compared to 171,898 units in the same period last year.