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Indian markets post gain on Monday

| | May 17, 2016, at 01:48 am
#Indian Market # Sensex # Nifty
Mumbai, May 16 (IBNS) Indian benchmark indices ended Monday on a gain riding on FMCG, tech and a few select stocks but loss in oil and infra stocks pared down the gains.

Sensex was up 163.66 points to 25653.23 and Nifty was up 45.85 points to 7860.75.

Bank of Baroda posted loss of Rs 3,230 crore in its fourth quarter against profit of Rs 598.3 crore in the same quarter a year ago due to higher provisions. Union Bank of India posted a sharp decline in profit, to Rs 96.1 crore against Rs 443.8 crore in the year-ago quarter.

The major stocks that ended Monday as gainers were ITC, Dr Reddy's Labs, TCS, Asian Paints, Lupin, Maruti and Tata Steel.

The losers included ICICI Bank, SBI, Bank of Baroda, Unio n Bank of India, Adani Ports and Cipla.

ITC will report its fourth quarter earnings on May 20.

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