Nifty, Sensex moving sideways – Monday closing report
We had mentioned in previous week’s closing report that Nifty, Sensex continue to trend up. On Monday, the major indices opened low but recovered with minor losses. On the NSE, there were 692 advances, 1,209 declines and 54 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
Radhakishan Damani-owned Bright Star Investments acquired 1.25% equity stake in Andhra Paper via open market transactions. Carlyle Group may buy 20% stake in Piramal Pharma for around USD 490 million. 
 
Bharat Forge reported a loss of Rs 73.3 crore in March 2020 quarter against a profit of Rs 299.5 crore in the year-ago period. Revenue went down 47.2% year on year at Rs 881.1 crore against Rs 1,668.6 crore.
 
Welspun India reported a consolidated profit at Rs 85.6 crore in the quarter ended March 2020 against a loss of Rs 79.3 crore in the year-ago period. Profit before exceptional item stood at Rs 110 crore for the quarter, an increase of 16.3% over Rs 94.6 crore in the same period last year.
 
Shakti Pumps (India) reported net loss at Rs 6.1 crore against profit of Rs 16.5 crore YoY. Revenue went down 41.4% at Rs 92.6 crore against Rs 158 crore YoY.
 
MRF reported 130% jump in its consolidated net profit for March 2020 quarter at Rs 679 crore against Rs 294 crore in the year-ago period. Revenue went down 11% at Rs 3,685.2 crore versus Rs 4,137.7 crore.
 
Emami reported a consolidated net profit of Rs 22.75 crore for the March quarter, down 59.4% from the year-ago period. Revenue for the March quarter stood at Rs 532.68 crore, down 16.8% YoY.
 
Housing & Urban Development Corporation (HUDCO) consolidated net profit jumped 86.6% to Rs 440.91 crore on 27.3% rise in total income to Rs 1900.40 crore in March 2020 quarter over the corresponding period in the previous year.
 
BPL reported net profit of Rs12.66 crore in March 2020 quarter against Rs0.12 crore in the previous year. Revenues fell 46% YoY to Rs18.35 crore from Rs33.82 crore.
 
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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  • Weekly Moneylife Indices & Sector Trends
    INDIAN MARKET TRENDS
    From 19th June to 25th June, ML Micro-cap Index rose 5%. ML Mid-cap Index, ML Large-cap Index and ML Small-cap Index rose 3% each. ML Mega-cap Index rose 1%. Both, the Sensex and the NIFTY ended flat.
     
     
    FUND FLOWS
    Foreigners: Foreign institutional investors were net buyers of equities during the period (Rs1,309.46 crore). They bought...
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