Sensex, Nifty erase early gains; Tata Motors up, Sun Pharma down

Epic Update Sun Pharmaceutical

The market started off last day of the May on a positive note, tracking positive Asian cues. The Sensex rose 92.52 points to 26818.12 and the Nifty advanced 25.95 points at 8204.45.

Sun Pharma declined 3 percent after earnings missed analysts’ expectations. The pharma major will consider buyback proposal on June 23.

Tata Motors surged 8 percent as profit in Q4 jumped 3-fold to Rs 5,177 crore with revenue rising 19 percent YoY. Standalone profit stood at Rs 465 crore against loss of Rs 1,164 crore YoY.

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Posted in: Indian Market Tips