Nifty, Sensex may continue to rise– Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex may try to rally. On Tuesday, the indices opened higher but were volatile and ended with decent gains. On the NSE, there were 1,160 advances, 724 declines and 86 unchanged.
 
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Bharti Airtel has acquired 355.45 MHz and 2,300 MHz spectrum for Rs 18,699 crore. Telcos didn't bid for 700 MHz due to high reserve prices. All of the spectrum will enable Airtel to deliver 5G services in the future.
 
Shipping Corporation of India privatisation will move to the second stage after the Department of Investment and Public Asset Management (DIPAM) secretary said multiple expressions of interest were received for the company.
 
Mahindra and Mahindra total tractor sales registered a growth of 25% in February 2021 to 28,146 units, as against 22,561 units in February 2019. 
 
Hero MotoCorp total sales were up 1.5% YoY to 5,05,467 units against 4,98,242 units and its total domestic sales were up 0.9% to 4,84,433 units versus 4,80,196 units. The total exports of the company were up 18.1% YoY to 21,304 units versus 18,046 units. 
 
Linde India reported reported 91% fall in net profits at Rs 56.80 crore compared to Rs 634.50 crore YoY. Revenue grew 15% YoY to Rs 478 crore from Rs 414.63 crore YoY.
 
Matam Venkata Rao has taken over charge as managing director & chief executive officer of Central Bank of India with effect from 1 March 2021.
 
BPCL will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. 
 
RITES bagged an order worth Rs 67.18-crore for signalling works from the ministry of railways. It also bagged the extension of general consultancy work for the Nagpur metro rail project and GEC positions from Gujarat Metro Rail Corporation amounting to Rs 26 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:
 
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