Nifty, Sensex continues its upmove – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex may move in a narrow range. On Tuesday, the major indices opened low but managed to recover and end with minor losses. On the NSE, there were 955 advances, 872 declines and 337 unchanged.
 
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Mahindra & Mahindra Financial Services has opened its rights issue. The company will issue 61.78 crore equity shares of the face value of Rs 2 each at a price of Rs 50 per share aggregating to Rs 3,088.82 crore. The equity shares will be offered in the ratio of 1:1 held by shareholders as on the record date 23 July 2020. The rights issue will close on 11 August 2020.
 
Tech Mahindra consolidated net profit grew to Rs 972.3 crore in June quarter from Rs959 crore in the previous year. Consolidated revenue grew to Rs 9,106.3 crore from Rs.8,653 crore in the previous year.
 
Havells India reported a 64% fall in June quarter net profit at Rs 63.98 crore from Rs 177.09 crore in the previous year. Net sales came at Rs 1,483.40 crore, down 45.4% YoY from Rs 2,716.88 crore.
 
Bharti Infratel reported 21% drop in its consolidated net profit to Rs 704 crore for June quarter from Rs887 crore in the previous year. Consolidated revenues came in at Rs 3,505 crore, which was 6% lower YoY.
 
Kotak Mahindra Bank had reported 8.5% YoY decline in standalone net profit for June quarter to Rs 1,244.45 crore, compared to Rs 1,360.2 crore reported in the year-ago quarter. Net interest income increased by 17.8% YoY to Rs 3,723.85 crore.
 
Tinplate Company of India reported loss of Rs.6.90 crore for the June quarter from Rs.8.78 crore. Revenues dipped 32% YoY to Rs.384 crore.
 
Ultratech Cement reported 38% YoY fall in net profits at Rs.797 crore for the June quarter. Revenues declined 32% YoY to Rs.7,912 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:
 
  • User 

    COMMENTS

    howardroark19

    9 months ago

    "On Tuesday, the major indices opened low but managed to recover and end with minor losses." Really? Which major indices ended in losses? Sensex is +558.22 aand Nifty 50 is +168.75.

    REPLY

    howardroark19

    In Reply to howardroark19 9 months ago

    "On Monday, the major indices opened low but managed to recover and end with minor losses."

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)