Nifty, Sensex may try to head higher – Wednesday closing report
Moneylife Digital Team 28 July 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex were under a mild pressure. On Wednesday, the indices opened lower and continued to decline. On the NSE, there were 733 advances, 1,192 declines and 6 unchanged.
 
The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
Maruti Suzuki reported consolidated profit of Rs 440.8 crore during the April-June 2021 quarter compared to a net loss of Rs 249.4 crore loss in the corresponding period of the previous financial year. Revenue came in at Rs 17,776 crore compared to Rs 4,111 crore in the year ago period.
 
Torrent Pharmaceuticals reported net profit of Rs 330 crore, rising slightly from Rs 321 crore in the same period of previous year. Revenue from operations grew to Rs 2,134 crore from Rs 2,056 crore in the year ago quarter.
 
IDBI Bank reported net profit of Rs 598 crore compared to Rs 159 crore in the year ago quarter. Net interest income grew 41% to Rs 2,512 crore from Rs 1,780.75 crore in the previous year.
 
SRF reported consolidated profit of Rs 395.3 crore compared to profit of Rs 177.1 crore in the same period last year. Revenue grew to Rs 2,699.4 crore from Rs 1,545 crore in the year ago quarter.
 
Mahindra Lifespace Developers reported consolidated loss of Rs 14 crore against a loss of Rs 20 crore in the same period last year. Consolidated revenue came in at Rs 148.2 crore against Rs 14.3 crore, YoY.
 
Mahindra & Mahindra will adopt a 58 MW captive solar plant that is expected to generate about 100 million units of power annually beginning 2022.
 
Tata Motors is planning to increase prices of its entire range of passenger vehicles from next week due to rise in prices of steel, precious metals, etc.
 
Bharti Airtel has discontinued its entry-level Rs 49 prepaid recharge pack, making the Rs 79 smart recharge as the entry-level pack.
 
Century Textiles & Industries reported consolidated profit of Rs 21.6 crore compared to loss of Rs 40 crore in the same period last year. Consolidated revenue doubled to Rs 842 crore from Rs 400 crore in the year ago period.
 
BLS International reported consolidated profit of Rs 20.25 crore compared to a loss of Rs 0.8 crore in the year ago period. Revenue more than tripled to Rs 178.53 crore compared to Rs 52.14 crore, YoY.
 
Intellect Design Arena reported consolidated profit of Rs 73.7 crore compared to Rs 42.6 crore in the same period last year. Consolidated revenue grew to Rs 408.3 crore from Rs 346 crore YoY.
 
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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