Nifty, Sensex remains under pressure due to global factors – Thursday closing report
We had mentioned in Wednesday’s closing report that Nifty, Sensex fell due to a sudden global sell off. On Thursday, the major indices suffered minor losses. On the NSE, there were 1,019 advances, 845 declines and 64 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Canara Bank reported a loss of Rs 3,259.33 crore for the quarter ended March 2020. The bank had reported loss of Rs 551.53 crore in year-ago period.
 
Endurance Technologies reported 28.13% YoY fall in net profits at Rs106.83 crore for the March quarter. Revenues fell 15% to Rs1,614 crore.
 
Metropolis Healthcare promoter shareholder Duru Sushil Shah divested 3.05 million shares, or 6.03% stake, in the company for Rs 422.58 crore.
 
Hindustan Aeronautics reported 0.9% YoY increase in its Q4 net profit to Rs 1,250.7 crore against Rs 1,239.5 crore in the year-ago period. Revenue of the company was up 1.7% at Rs 10,323 crore versus Rs 10,153.8 crore.
 
Indian Overseas Bank reported net profit of Rs 143.8 crore in the quarter ended March 2020 against loss of Rs 1,985.2 crore in the same quarter last fiscal. Net Interest Income rose 3.6% to Rs 1,531.8 crore versus Rs 1,479 crore, YoY.
 
Bank of India reported a net loss of Rs 3,571.4 crore in March quarter as provisions and contingencies jumped 329% due to additional provisions of Rs 3,941.36 crore in six NPA accounts. It had reported a profit of Rs 251.8 crore in the corresponding period of the last fiscal. Net interest income in Q4 fell 6.2% to Rs 3,793 crore YoY.
 
Surya Roshni reported 32.33% YoY fall in net profits at Rs29.80 crore for the March quarter. Revenues fell 21% to Rs1,339 crore.
 
Bharti Infratel’s board has decided to extend the deadline for merger with Indus Towers by over two months till August 31, as the company would like to have clear view on AGR.
 
Steel Strips Wheels bagged exports orders for over 13,000 wheels for EU caravan trailer & US mobile home market to be executed in July from its Chennai plant.
 
Prestige Estates Projects reported consolidated net profit of Rs 15.4 crore for the March quarter, down 88.9% YoY. Revenue had slightly grown at Rs 1,982.3 crore versus Rs 1,979.3 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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    Sudden global sell off in the afternoon unnerve the bulls – Wednesday closing report
    We had mentioned in Tuesday’s closing report that Nifty, Sensex continue its uptrend. On Wednesday, the major indices suffered major losses. On the NSE, there were 754 advances, 1,074 declines and 295 unchanged.
     
    The trends of the major indices in the course of Wednesday’s trading are given in the table below:
     
     
    Asian Paints reported a 2.1% year-on-year decline in consolidated profit at Rs 462 crore for March 2020 quarter. Revenue declined 7.1% to Rs 4,635.6 crore over the past year.
     
    JMC Projects said it has secured fresh orders worth Rs 938 crore, which includes water supply projects in Uttar Pradesh worth Rs 841 crore and building project in South India worth Rs 97 crore.
     
    India Cements reported a consolidated net loss of Rs 11.76 crore for the quarter ended March 2020. It had posted net profit of Rs 32.57 crore in the corresponding period in the previous year. Revenue was down 26.62% YoY to Rs 1,176.40 crore.
     
    GAIL India reported 168.9% year-on-year growth in standalone profit for the quarter ended March 2020 driven by tax write-back and strong operating performance.
     
    Indian Oil Corporation reported a net loss of Rs 5,185 crore for the quarter ending March 2020, aided by higher inventory losses. The company had reported a net profit of Rs 6,099 crore a year earlier.
     
    Balrampur Chini net profit for the March quarter declined 14.8% YoY at Rs 230 crore, impacted by lower taxation in base quarter.
     
    Reliance Infrastructure shares rallied after Chairman Anil Ambani said the company will be completely debt-free this financial year. RInfra, which is sitting on a debt of over Rs 6,000 crore, has been working towards monetising its assets to reduce debt.
     
    Power Finance Corporation reported net profits of Rs 693 crore against Rs 3,391 crore YoY. NII stood at Rs 5,554 crore against Rs Rs 5,036 crore YoY.
     
    HG Infra Engineering reported 40% YoY rise in net profits for the March 2020 quarter at Rs54.32 crore. Revenues jumped 8.46% to Rs636 crore.
     
    Sharda Cropchem reported 34% YoY rise in net profits for the March 2020 quarter at Rs142 crore. Revenues jumped 15% to Rs886 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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    Nifty, Sensex uptrend continues – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex were still on an uptrend. On Tuesday, the major indices were volatile but ended with minor gains. On the NSE, there were 1,323 advances, 504 declines and 293 unchanged.
     
    The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Larsen & Toubro secured an EPC contract to construct Packages 11 and 22 of the Delhi Vadodara Expressway, which when completed, will be the country's longest expressway of National Highways Authority of India under its flagship Bharat Mala program.
     
    Skipper’s net profit jumped 58.42% YoY to Rs 28.12 crore in the quarter ended March 2020. Sales of the company were up 1.26% to Rs 438.85 crore in the quarter ended March 2020 as against Rs 433.39 crore during the previous quarter ended March 2019. 
     
    Info Edge (India) approved raising of funds through issue of equity shares to eligible qualified institutional buyers for an aggregate amount not exceeding Rs 1,875 crore in accordance with SEBI regulations.
     
    Kolte - Patil Developers posted net loss of Rs 16.5 crore in the quarter ended March 2020 against profit of Rs 40.1 crore in a year ago period. Revenue of the company rose 13.5% at Rs 221.7 crore versus Rs 195.4 crore.
     
    Indian Bank reported net loss of Rs 217.7 crore during March-end 2020 quarter. Net interest income grew by 13.6% YoY to Rs 2,002.7 crore from Rs 1,763.5 crore, during the same period last year. Indian Bank's provisions stood at Rs 1,891.9 crore as against Rs 1,529.3 crore QoQ.
     
    D.B.Corp reported 55.83% decline in consolidated net profit at Rs 24.05 crore for March quarter 2019-20 due to the impact of COVID-19. Revenue from operations was down 17.30% to Rs 486.65 crore during the quarter under review as against Rs 588.52 crore in the year-ago period.
     
    GE Power India reported over 44% decline in consolidated net profit at Rs 14.87 crore for the quarter ended March 2020. Total income rose to Rs 773.65 crore in the quarter under review from Rs 400.81 crore in the same period a year ago.
     
    Balaji Amines reported rise of 16.5% in consolidated net profit to Rs 30.82 crore on 13.9% rise in net sales to Rs 258.03 crore in Q4 March 2020.
     
    Balrampur Chini Mills reported fall of 16.24% in net profits to Rs241.44 crore for the quarter ended March 2020. Revenues grew 32.33% to Rs1,766.61 crore.
     
    Vardhman Textiles reported fall in net profits of 19% YoY to Rs145.71 crore for the quarter ended March 2020. Revenues fell by 12% to Rs1,637.19 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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