Sensex, Nifty End Little Changed; ICICI Bank Surges Nearly 7%

Indian equity benchmarks were little changed as gains in ICICI Bank were offset by losses in Mahindra & Mahindra, Infosys and Larsen & Toubro.

The S&P BSE Sensex was little changed at 35,216.32 and the NSE Nifty 50 index was also little changed at 10,717.80.

Ten out of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Capital Goods index's 0.85 percent drop. On the flipside, the S&P BSE Bankex index was the top sectoral gainer, up 1.32 percent.

The broader markets ended mixed as the S&P BSE MidCap index fell 0.1 percent while the S&P BSE SmallCap index rose 0.1 percent.

• PNB Housing Finance: The Delhi-based mortgage lender fell 8 percent to Rs 1,265.55. Trading volume was 84.1 times its 20-day average.
• Shree Renuka Sugars: The Mumbai-based sugar producer fell 0.65 percent to Rs 15.40. Trading volume was 22.1 times its 20-day average.
• Inox Leisure: The Vadodara-based multiplex operator rose 6.8 percent to Rs 301.20. Trading volume was 11.3 times its 10-day average.
• Kajaria Ceramics: The Delhi-based tile maker fell 0.02 percent to Rs 529.80. Trading volume was 10.8 times its 20-day average.

• Bharti Infratel had 20 lakh shares change hands in a block deal. The stock rose 0.16 percent to Rs 321.15.

Buyers and sellers were not immediately known

Source: Bloomberg

• Shree Renuka Sugars had 4.4 crore shares change hands in eight block deals. Stock down 0.3 percent at Rs 15.45.

Buyers and sellers were not immediately known

Source: Bloomberg

• Shares of the Madhya Pradesh-based graphite electrodes maker rose 1.57 percent to Rs 2,970 after it reported stellar March quarter numbers.

Key earnings highlights:

• Margin at 73.6 percent versus 11.7 percent (YoY)
• EBITDA at Rs 950.83 crore versus Rs 30.1 crore (YoY)
• Revenue up 5 times at Rs 1292.4 crore versus Rs 257.6 crore (YoY)
• Net profit at Rs 634 crore versus Rs 3.4 crore Loss (YoY)