Nifty, Sensex still trending higher – Tuesday closing report
Moneylife Digital Team 08 June 2021
We had mentioned in Monday’s closing report that Nifty, Sensex may continue to rally. On Tuesday, the indices opened higher but ended with minor losses. On the NSE, there were 1,055 advances, 915 declines and 60 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
Asian Hotels West announces temporary shut-down of Hyatt Regency, Mumbai after the company defaulted on its Yes Bank dues instalment on 28 April, 2021.
 
Max Financial Services reported net profit of Rs 62 crore in the Jan-Mar 2021 quarter compared to a net loss of Rs 36.09 crore in the corresponding period of the previous financial year. Total Income rose 128% YoY to Rs 9,760 crore from Rs 4,265 crore in the previous year.
 
Equity shares of Dewan Housing Finance Corporation Ltd will be delisted from the stock exchanges going ahead, as part of the resolution plan of Piramal Capital & Housing Finance Ltd.
 
Punjab National Bank faced a penalty of Rs 2 crore from the Reserve Bank of India for non-compliance with the directions on identification and reporting of frauds, and inaccurate data reporting on CRILIC platform, for the years 2017-18 and 2018-19.
 
Som Distilleries and Breweries has signed an MOU with Indian Fashion FZE, based out of UAE for export of beer and IMFL for West and Central Africa.
 
Interglobe Aviation expects air travel demand to gain "further momentum" by early July. In a press release, the airline also emphasised that managing cash position remains its primary focus.
 
UCO Bank has requested the Reserve Bank of India (RBI) to take it out of the prompt corrective action (PCA) framework following an improvement in its financial parameters
 
Suven Pharmaceuticals March quarter net profit rose to Rs 83.2 crore against Rs 74.2 crore YoY. Revenue was up 38.1% at Rs 262.5 crore against Rs 190.1 crore YoY.
 
Minda Corporation has announced a joint venture with Republic of Korea’s INFAC Elecs to bring its range of automotive antenna solution to the Indian automotive market.
 
Fairchem Organics reported higher profit at Rs 18.83 crore against Rs 11.23 crore YoY. Revenue rose to Rs 159.32 crore from Rs 89.3 crore YoY.
 
Titagarh Wagons reported net profit at Rs 0.8 crore against loss of Rs 8.9 crore YoY. Revenue was up 4.3% at Rs 429.9 crore against Rs 412.3 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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