Nifty, Sensex may try to head higher – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex may recover from its fall yesterday. On Tuesday, the indices opened higher but lost all gains and ended flat. On the NSE, there were 1,157 advances, 769 declines and 79 unchanged.
 
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Adani Ports handled cargo volume in the March quarter grew 41% YoY at 26 MMT.
 
Maruti Suzuki reported production of 1,72,433 vehicles in March 2021, against 92,540 vehicles produced in the corresponding period. Passenger vehicle production increased to 1,70,036 vehicles from 91,602 in the same period.
 
Panacea Biotec said it would produce 100 million doses a year of the Russia-made Sputnik V coronavirus vaccine. 
 
GM Breweries net profits for March 2021 quarter jumped 154% YoY at Rs 45.3 crore. Revenue from operations grew 16.7% YoYat Rs 464.12 crore. EBITDA was up 45.7% at Rs 27.4 crore.
 
Jindal Steel & Power reported a 34.41% rise in its output to 2.07 million tonne (MT) of steel during March 2021 quarter, compared to 1.54 MT YoY. Sales grew 37.41% YoY.
 
Sobha’s new sales in March 2021 quarter increased to 13,37,707 square feet compared to 9,05,710 sq. ft YoY. Total sales value grew to Rs 1,072 crore from Rs 694.5 crore YoY. 
 
Bharti Airtel announced an agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio.
 
Ircon International board approved bonus shares in the ratio of 1:1 i.e. 1 fully paid-up equity share for every 1 fully paid-up equity share held. 
 
RBL Bank’s gross advances grew 5% YoY to Rs 60,012 crore during January-March 2021. Total deposits rose 9% to Rs 73,123 crore, as against Rs 57,812 crore YoY. 
 
NTPC’s installed capacity has risen to 65,810 MW after the successful completion of trial operations in Tanda Super Thermal Power Station in Uttar Pradesh.
 
Trident said a major fire had broken out in the cotton warehouse in the manufacturing facilities at Budhni, Madhya Pradesh. The fire resulted in major damage to stocks of cotton lying in the warehouse. 
 
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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