We had mentioned in Wednesday’s closing report that Nifty, Sensex may continue to trend up. On Thursday, the major indices broke its rally and faced a minor correction. On the NSE, there were 1,115 advances, 713 declines and 395 unchanged.
The trends of the major indices in the course of Thursday’s trading are given in the table below:
Zydus Cadila successfully completed a Phase 2 clinical trial in COVID-19 patients with its biological therapy, Pegylated Interferon alpha-2b, ‘PegiHepTM’.
ICICI Bank said it has seen a significant pick-up in home loan disbursements in October both in terms of the number of customers and in terms of value. Bank's mortgage loan portfolio has crossed Rs 2 lakh crore. Indiabulls Housing Finance reported 54% YoY fall in consolidated net profit to Rs 323.20 crore for the July-September 2020 quarter (Q2FY21). Revenue fell to Rs2,534 crore from Rs3,480 crore in the year ago period.
HUDCO reported 37% fall in net profit for Q2FY21 at Rs457.25 crore compared to Rs725 crore in the year ago period. Revenues declined 9% YoY to Rs1,865 crore.
Redington India reported 35% YoY rise in net profit at Rs175 crore compared to Rs130 crore in previous year. Revenues rose 12% YoY to Rs13,786 crore.
Ashoka Buildcon reported a 700% growth in consolidated profit to Rs 70.42 crore compared to Rs11.45 crore YoY. Total income stood at Rs 1,218.02 crore against Rs 1,052.99 crore YoY.
Aurobindo Pharma reported a 26% growth in consolidated profit to Rs 805.6 crore, from Rs 639.5 crore YoY. Consolidated revenue grew by 15.8% YoY to Rs 6,483.3 crore.
Gujarat State Petronet reported a 28.4% YoY decline in net profit at Rs 498.6 crore compared to Rs696.2 crore YoY. Revenue declined to Rs 2,980.4 crore versus Rs 3,043.2 crore YoY.
The Ministry of Civil Aviation has issued an order increasing the current 60% capacity in domestic flights to 70% capacity.
Page Industries reported net profit of Rs111 crore versus Rs 114.5 crore YoY. Revenue declined 4.5% at Rs 740.3 crore versus Rs 775.4 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: