Nifty ended with April Future & Option Expiry on a higher note on Thursday, as investors awaited March-quarter results from India's fourth largest private sector bank, Yes Bank together with Axis Bank.
IT major Wipro Limited was among the biggest drags on the NSE index after its Q4 profit missed estimates and guidance for the first quarter failed to cheer investors. Wipro stocks ended about 2 percent lower both on BSE and NSE.
Yes Bank was gained 10.12 percent on NSE, on the back of stellar fourth quarter results. Yes Bank’s net profit for the March quarter spiked 29% year-on-year to Rs 11.79 billion on account of strong net interest income growth and stable asset quality.
Nifty Private bank Index ends 1.14 percent with Yes bank, Indusind bank, Kotak bank, Federal bank, RBL Bank, HDFC Bank.
Top five Nifty gainers were YES Bank, Indsind Bank, Hindustan Unilever Ltd, ITC, Eicher Motors, while the major losers were Bharti Airtel, Lupin and Bharti Infratel.
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