We had mentioned in Monday’s closing report that Nifty, Sensex continue to trend higher. On Tuesday, the major indices continued its rally and posted major gains. On the NSE, there were 857 advances, 1,016 declines and 348 unchanged.
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
Pfizer said its vaccine shots maybe 90% effective at preventing COVID-19, indicating the company is on track later this month to file an emergency use application with US regulators.
Inox Leisure's qualified institutional placement (QIP) is opened for subscription. The floor price for the QIP is Rs 263.10 per equity share.
Motherson Sumi Systems net profit for the July-September 2020 quarter (Q2FY21) declined 12.2% YoY (year-on-year) at Rs 337.6 crore against Rs 384.6 crore. Revenue fell 2% YoY at Rs 14,957.2 crore against Rs 15,259.7 crore in the year ago period.
Mahindra & Mahindra Q2FY21 net profit slumped 88% at Rs 162 crore against Rs 1,354.8 crore YoY. Revenue rose 6% at Rs 11,590 crore against Rs 10,935 crore YoY.
Hindalco Industries standalone net profit was Rs 198 crore against Rs 78 crore YoY. Standalone revenue was down 4.5% at Rs 9,518 crore against Rs 9,965 crore YoY.
Exide Industries net profit fell 3.6% at Rs 228.2 crore against Rs 237.3 crore YoY. Revenue was up 5.5% at Rs 2,753.4 crore against Rs 2,610.9 crore YoY.
GAIL India reported a net profit of Rs 1,068.16 crore for Q2FY21, down 8.5% YoY from Rs 1,167.58 crore. Revenues dropped by 24.3% to Rs 13,809.86 crore, from 18,249.90 YoY.
NCC reported 21% YoY fall in net profits to Rs64.60 crore from Rs82.18 crore in the year ago period. Revenue declined 13% YoY to Rs1,743 crore from Rs1,998 crore.
Minda Industries reported 63% YoY rise in net profit for Q2FY21 at Rs80.83 crore compared to Rs49.44 crore in the year ago period. Revenue rose 8.27% YoY to Rs1,477 crore.
Sunflag Iron & Steel Company reported 40% YoY rise in net profit at Rs29.34 crore compared to Rs20.88 crore in the previous year. Revenues grew 9.09% YoY to Rs492.90 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: