Market Live: Indices at day's high; Sensex gains 400 pts, Nifty near 11,800; L&T up 3%

All the sectoral indices are trading in green led by bank, infra, auto, energy, metal and pharma.

ONGC Videsh, the overseas investment arm of state-owned Oil and Natural Gas Corp, reported a 71 per cent jump in its 2018-19 fiscal year net profit on the back of a spike in crude oil production.

Consolidated net profit in April 2018 to March 2019 period at Rs 1,682 crore was 71.4 per cent higher than Rs 981 crore net profit in the previous financial year, the company said in a statement here, reports PTI.

Market Check: Benchmark indices are trading higher with Nifty Hovering around its day's high level.

The Sensex is up 340.38 points at 39,151.77, while Nifty is up 102 points or 0.88% at 11759. About 1468 shares have advanced, 711 shares declined, and 112 shares are unchanged.

Sun TV Network shares fell 6.5 per cent on May 24 after company reported weaker-than-expected operating results in the January-March quarter due to TRAI's new regime. Brokerage houses slashed price target.

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