Nifty, Sensex continues to head higher – Wednesday closing report
Moneylife Digital Team 13 January 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex shrugged off weakness in overseas markets and headed higher. On Wednesday, the major indices opened high but lost all gains and ended flat. On the NSE, there were 643 advances, 1,260 declines and 323 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Wipro reported 20.85% rise in net profit for Q3FY21 to Rs 2,968 crore from Rs 2,455 crore in the year ago period. Revenues rose 1.5% YoY to Rs 16,324 crore from Rs 16,080 crore.
CESC reported 21% rise in net profit at Rs 324 crore compared to Rs 267 crore in the year ago period. Revenues rose 8.58% YoY to Rs 2,581 crore compared to Rs 2,377 crore.
Granules India was granted approval from USFDA for its ANDA application for Metformin Hydrochloride Extended-Release Tablets USP, 500 mg and 1000 mg, which is generic equivalent of Glumetza ER Tablets, 500 mg and 1000 mg, of Bausch Health US LLC (Bausch).
Bharat Rasayan board approved the proposal of buyback upto 93,472 equity shares of Rs 10 each, comprising of 2.20% of the total paid-up equity capital at a price of Rs 11,500 per equity share for an aggregate amount not exceeding Rs 107.49 crore.
Tata Elxsi net profit increased 39.5% to Rs 105.2 crore for the (Q3FY21) Oct-Dec 2020 quarter compared to Rs 75.4 crore YoY (year-on-year). Revenue from operations rose 12.7% to Rs 477.1 crore against Rs 423.4 crore YoY. 
FPIs raised stake in State Bank of India (SBI) in the quarter ended December 2020 to 9.82 percent from 7.75 percent in the quarter ended December 2020. 
Larsen and Toubro secured orders to construct a metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various customers and an order to construct a 500kV Transmission Line in Malaysia.
INOX Leisure commenced the commercial operations of 3 multiplex cinema theatres with effect from January 13, 2021. 
GTPL Hathway consolidated Q3FY21 net profit rose 37% YoY to Rs 45.2 crore versus Rs 33 crore in the year ago period. Revenue went down 5.1% to Rs 647.2 crore versus Rs 682 crore YoY.
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:
Free Helpline
Legal Credit