Nifty, Sensex may try to rise – Tuesday closing report
Moneylife Digital Team 20 July 2021
We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure from a global selloff. On Tuesday, the indices continued to fall. On the NSE, there were 478 advances, 1,511 declines and 59 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
Asian Paints net profit for the April-June 2021 quarter more than doubled to Rs 574.3 crore against Rs 219.6 crore in the corresponding quarter of the previous financial year. Revenue almost doubled to Rs 5,585.4 crore from Rs 2,922.7 crore in the same period last year.
 
ACC consolidated net profit more than doubled to Rs 569.45 crore from Rs 271 crore in the year ago quarter. Sales grew 49% to Rs 3,885 crore from Rs 2,602 crore in the previous year.
 
Bajaj Finance net profit for the June 2021 quarter grew 4% to Rs 1,002.4 crore from Rs 962.3 crore in the corresponding quarter of the previous year. Net interest income grew 8% to Rs 4,489 crore from Rs 4,152 crore in the year ago quarter.
 
HDFC Life Insurance consolidated net profit fell 40% to Rs 269.55 crore from Rs 450.54 crore in the year-ago quarter. 
 
HCL Tech consolidated net profit for the quarter ended 30 June 2021 rose 9% to Rs 3,205 crore from Rs 2,931 crore in the same period last year. Revenue grew by 12.48% to Rs 20,068 crore, from Rs 17,842 crore in the previous year. 
 
Wipro has sold its entire stake in IntSights for a consideration of USD 19.17 million to Rapid7 Inc. Wipro had acquired this minority stake in the cyberthreat intelligence service provider for USD 4.21 million.
 
Newgen Software net profit jumped to Rs 21.6 crore from Rs 9 crore in the same period last year. Revenue grew 21% to Rs 159.5 crore from Rs 132 crore in the year ago quarter.
 
Rakesh Jhunjhunwala reduced his stake in Tata Motors to 1.14% as per June 2021 shareholding data from 1.29% in March 2021.
 
ISGEC Heavy Engineering has secured orders for two sets of carbonation columns, one set of gas scrubber columns and a set of distillation columns based in Russia.
 
Shyam Metalics reported net profit of Rs 458 crore for the quarter ended 30 June 2021 compared to Rs 80.4 crore in the year-ago quarter. Revenue nearly tripled to Rs 2,465 crore from Rs 911.8 crore in the year ago quarter.
 
Premier Explosives has entered into technology transfer agreement with Thorimba Global for utilising the unique technology developed by them in the manufacture of ammunition.
During the period 2016-19, This investment was made through Wipro Ventures, the strategic investment arm of Wipro.
 
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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