We had mentioned in Tuesday’s closing report that Nifty, Sensex were under pressure. On Wednesday, the major indices ended with minor losses. On the NSE, there were 557 advances, 1,276 declines and 354 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Reliance Industries announced that private equity giant Silver Lake Partners will invest Rs 7,500 crore in its retail unit Reliance Retail in exchange for a 1.75% stake.
Indian Hume Pipe received an order of Rs 134.82 crore from Rural Water Supply & Sanitation, Odisha.
AstraZeneca Pharma’s late-stage studies of a highly-anticipated COVID-19 vaccine candidate, being developed along with the University of Oxford, have been put on temporary hold due to a suspected serious adverse reaction in a participant in the United Kingdom. Meanwhile, Pune-based Serum Institute of India said the trials of the same vaccine have not been paused in India.
CG Power and Industrial Solutions reported a consolidated net loss of Rs 243 crore for June quarter 2020. In the previous year, the company's loss was Rs 72 crore. Revenues declined to Rs363 crore, compared to Rs1,774 crore.
SML Isuzu reported widening of loss in the June quarter to Rs 52.26 crore against a profit of Rs 16.66 crore in the corresponding quarter a year ago.
Revenues declined to Rs29 crore from Rs471 crore in the previous year.
Texmaco Rail will raise up to Rs 200 crore via preferential issue. The company reported loss at Rs 27.6 crore against profit at Rs 8.93 crore while its revenue fell to Rs 218.4 crore against Rs 392 crore YoY.
Dishman Carbogen reported a consolidated net loss of Rs 21.4 crore for the quarter ended June 2020. It had posted profit of Rs 34.31 crore in the year-ago quarter. Total revenues declined 9% YoY at Rs 474 crore.
Steel Strips Wheels received export orders of nearly 110,000 wheels for US caravan trailer market, to be executed in the month of Nov from its Chennai plant.
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: