We had mentioned in previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and suffer a major correction. On the NSE, there were 624 advances, 1,371 declines and 82 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
YES Bank loans and advances grew by a marginal 0.8 percent on a year-on-year basis to Rs 1,72,850 crore at the end of March 2021. Deposits grew 54.7% at Rs 1.62 lakh crore at end of March 2021 as against Rs 1.05 lakh crore by end of March 2020.
Mahindra & Mahindra could look at applying for a banking licence either by acquiring a state-run bank or a private bank, Anish Shah, MD and CEO of Mahindra & Mahindra (M&M) told the media.
Britannia Industries declared an interim dividend of Rs 62 per equity share for the financial year 2020-21.
SAIL recorded quarterly sales of 4.27 million tonnes (MT) during the March 2021 quarter, up 14% YoY.
Adani Enterprises along with its wholly-owned subsidiary company, Gare Palma II Collieries Private Limited signed a coal mining agreement with Maharashtra State Power Generation Company.
Adani Ports signed an agreement with Vishwa Samudra Holdings, to acquire the remaining 25% stake in Adani Krishnapatnam Port where it currently holds 75% stake.
HDFC Bank’s advances as of March 2021 end aggregated Rs 11,320 billion, up 13.9% over Rs 9,937 billion YoY. Deposits grew to Rs 13,350 billion, a growth of around 16.3% over Rs 11,475 billion as of March 31, 2020.
Bank of India will be considering preferential allotment of equity shares of Rs 3,000 crore to the Government of India after obtaining shareholder's approval.
Parag Milk Foods is planning to raise Rs 316 crore by preferential allotment of equity shares, FCCBs and other instruments. IFC and Sixth Sense Venture Advisors LLP will invest Rs 155 crore and Rs 50 crore respectively. Promoter and family further will invest Rs 111 crore, maintaining the promoter stake at 46 percent.
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: