Nifty, Sensex continues to inch up – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex were headed higher. On Thursday, the major indices opened low but ended with minor gains. On the NSE, there were 910 advances, 1,015 declines and 88 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
The government has decided to sell up to 10% stake in Steel Authority of India for retail and non-retail investors. 
 
Den Networks reported 238% YoY rise in net profits for Q3FY21 at Rs 65.56 crore compared to Rs 19.35 crore in Q3FY20. Revenues grew 11% to Rs 399 crore vs Rs 359 crore in the previous year.
 
The government approved Rs 48,000-crore deal to acquire 83 Tejas aircraft from Hindustan Aeronautics. 
 
The Sebi granted promoters of IndusInd Bank an additional two weeks of time for infusion of residual capital in lieu of conversion of warrants issued to them worth over Rs 2,695.26 crore. 
 
Ircon International opened the 30 km section between Korichhapar to Dharamjaigarh within the targeted date i.e., 31.12.2020. A trial run was carried on 31st December 2020.
 
Quick Heal Tech made further investment in Israel-based L7 Defense, a cybersecurity start-up specialising in application program interface security and Next Generation Web Application Firewall.
 
Jubilant Life Sciences issued non-convertible debentures worth Rs 95 crore on a private placement basis with 5 years tenure. 
 
Adani Group has received a letter of award (LOA) from NHAI for a road project in the state of Kerala. The bid for the project was Rs 1,838.10 crore. The construction period is 2.5 years and operation period is 15 years.
 
JK Tyre subsidiary Cavendish Industries clocked a profit of Rs 46.87 crore in Q3FY21. Sales grew 30% YoY from Rs 607.51 crore to Rs 788.37 crore. 
 
Vaishali Pharma received another bulk order worth Rs 320 million for the supply of pharma and consumable products such as PPE Kits forming part of COVID-19 medical kit. 
 
Vedanta Resources with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II have announced a voluntary open offer for acquiring 10 percent equity shares in Vedanta after the failure of a delisting offer in October.
 
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:
 
 
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