Nifty, Sensex May Move Up More – Thursday Closing Report
Moneylife Digital Team 26 May 2022
On Thursday, the indices opened a little higher, and ended with gain. On the National Stock Exchange (NSE), 1,202 stocks advanced, 866 declined, and 63 remained unchanged with advance decline ratio of 1.39.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Nifty, Sensex opened a bit higher but dropped significantly in the first half and recovered in the second half to close near day’s high. Barring Nifty FMCG all indices ended in green with Nifty PSU Bank and Nifty Metal being the biggest gainer. The BSE Small cap index was in line with the broader market however, the BSE Midcap index outperformed its larger peers with 1.4% gain. Rupee closed 5 paise down at 77.58 per dollar against previous close of 77.53 per dollar.
 
Bharat Dynamic’s Q4FY21-22 revenue grew by 21.5% to Rs 1,381 crore and the profit grew by just 1.5% to Rs 264 crore on a y-o-y basis.
 
Muthoot Finance’s Q4FY21-22 net interest income (NII) declined by 6.6% to Rs 1,749 crore and the profit declined by 3.6% to Rs 960 crore on a y-o-y basis.
 
Page Industries Q4FY21-22 revenue grew by 26% to Rs 1,111 crore and the profit grew by 64% to Rs 190.5 crore on a y-o-y basis. The margin expanded by 500 bps to 24%.
 
Hawkins Q4FY21-22 revenue grew by 11.7% to Rs 272 crore and the profit declined by 7% to Rs 21 crore on a y-o-y basis.
 
Motherson Wiring’s Q4FY21-22 revenue grew by 10% to Rs 1,661.5 crore and the profit declined by 72.7% to Rs 46.4 crore on y-o-y basis. There was a one-time loss of Rs 65.4 crore
 
Colgate’s Q4FY21-22 revenue grew by 1.3% to Rs 1,300 crore and the profit grew by 2.8% to Rs 323 crore on a y-o-y basis.
 
Fortis Healthcare’s Q4FY21-22 revenue grew by 10% to Rs 1,378 crore and the profit grew by 39.6% to Rs 87 crore on y-o-y basis. The stock closed in red.
 
Zydus Life has received final US FDA nod for Pemetrexed Injection. The stock closed 2% higher. The Supreme Court has permitted resumption of SFIO probe against Sahara group companies. The government has amended paper import policy wherein the importer needs to compulsorily get registered at least 5 days before import order. The registration will be valid for 75 days.
 
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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