Nifty, Sensex may continue to rally – Monday closing report
Moneylife Digital Team 07 June 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong uptrend. On Monday, the indices opened higher and ended with decent gains. On the NSE, there were 1,409 advances, 637 declines and 70 unchanged.
The trend of the major indices on Monday’s trading are given in the table below:
Bajaj Finance said it may see higher non-performing assets in the first six months of FY22 due to the Covid-induced lockdowns. 
The National Company Law Tribunal (NCLT) has approved the resolution plan of Piramal Capital & Housing Finance Ltd for Dewan Housing Finance Corporation Ltd (DHFL). 
Reliance Infrastructure plans to raise Rs 550 crore via preferential allotment of equity shares to promoters and Värde Investment Partners, LP, at a price of Rs 62 each based on SEBI (ICDR) regulations.
Easy Trip Planners is enabling the travel industry to bounce back by offering a special travel discount for customers who have been vaccinated against Covid-19.
Lupin announced the launch of its Digital Asthma Educator platform that guides asthma patients on the correct technique of using inhalers. 
The New India Assurance Company share price rallied on reports that the government is planning to divest approximately 10% stake in the company via OFS by September 2021 to comply with minimum public shareholding norms.
Larsen & Toubro secured prestigious orders from Bangalore Water Supply & Sewerage Board (BWSSB) and another from Bhabha Atomic Research Centre (BARC) at Tarapur Maharashtra.
MRF reported 51.5% fall in its Jan-March 2021 quarter net profit at Rs 332.2 crore against Rs 679 crore earned in the corresponding period of the previous financial year. Revenue was up 30.7% at Rs 4,816.5 crore versus Rs 3,685.2 crore YoY.
Power Grid Corporation acquired SPVs Fatehgarh Bhadla Transco (FBTL) and Sikar New Transmission Limited (SNTL) to establish transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) on build, own, operate and maintain (BOOM) basis from the bid process coordinator - REC Power Distribution Company.
Punjab National Bank reported standalone profit at Rs 586.33 crore against profit of Rs 506.03 crore in the previous quarter. Net interest income fell to Rs 6,937.55 crore from Rs 8,312.98 crore QoQ.
Som Distilleries and Breweries has got the requisite licences for the manufacturing of beer & bottling of IMFL for the current FY 2021-22.
Dynemic Products has started trial run for food colours plant at its manufacturing unit situated in Dahej, Gujarat.
Goldiam Group has received additional export orders worth Rs.75 crore from its international clients for manufacturing of diamond studded designed gold and lab-grown diamonds jewellery.
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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