Nifty, Sensex remains under pressure due to global factors – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex fell due to a sudden global sell off. On Thursday, the major indices suffered minor losses. On the NSE, there were 1,019 advances, 845 declines and 64 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
Canara Bank reported a loss of Rs 3,259.33 crore for the quarter ended March 2020. The bank had reported loss of Rs 551.53 crore in year-ago period.
Endurance Technologies reported 28.13% YoY fall in net profits at Rs106.83 crore for the March quarter. Revenues fell 15% to Rs1,614 crore.
Metropolis Healthcare promoter shareholder Duru Sushil Shah divested 3.05 million shares, or 6.03% stake, in the company for Rs 422.58 crore.
Hindustan Aeronautics reported 0.9% YoY increase in its Q4 net profit to Rs 1,250.7 crore against Rs 1,239.5 crore in the year-ago period. Revenue of the company was up 1.7% at Rs 10,323 crore versus Rs 10,153.8 crore.
Indian Overseas Bank reported net profit of Rs 143.8 crore in the quarter ended March 2020 against loss of Rs 1,985.2 crore in the same quarter last fiscal. Net Interest Income rose 3.6% to Rs 1,531.8 crore versus Rs 1,479 crore, YoY.
Bank of India reported a net loss of Rs 3,571.4 crore in March quarter as provisions and contingencies jumped 329% due to additional provisions of Rs 3,941.36 crore in six NPA accounts. It had reported a profit of Rs 251.8 crore in the corresponding period of the last fiscal. Net interest income in Q4 fell 6.2% to Rs 3,793 crore YoY.
Surya Roshni reported 32.33% YoY fall in net profits at Rs29.80 crore for the March quarter. Revenues fell 21% to Rs1,339 crore.
Bharti Infratel’s board has decided to extend the deadline for merger with Indus Towers by over two months till August 31, as the company would like to have clear view on AGR.
Steel Strips Wheels bagged exports orders for over 13,000 wheels for EU caravan trailer & US mobile home market to be executed in July from its Chennai plant.
Prestige Estates Projects reported consolidated net profit of Rs 15.4 crore for the March quarter, down 88.9% YoY. Revenue had slightly grown at Rs 1,982.3 crore versus Rs 1,979.3 crore.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: