Nifty, Sensex to remain choppy – Tuesday closing report
Moneylife Digital Team 29 June 2021
We had mentioned in Monday’s closing report that Nifty, Sensex were struggling to head higher. On Tuesday, the indices opened higher but suffered another minor correction. On the NSE, there were 902 advances, 1,083 declines and 56 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
Cipla has got the regulatory nod to import Moderna’s Covid-19 vaccine after it made the application on June 28.
 
The Chennai bench of the National Company Law Tribunal grilled IDBI Bank over its one-time settlement deal reached between the IDBI Bank-led bank consortium and Siva Industries and Holdings.
 
Indian Railway Finance Corporation net profit for the quarter ended 31 March 2021 came in at Rs 1,482.5 crore compared to Rs 654.6 crore in the year-ago period. Revenue shot up 39% YoY to Rs 4,455 crore.
 
Maruti Suzuki India has announced the expansion of 'Subscription' services to four new cities -- Jaipur, Indore, Mangalore and Mysore.
 
Shapoorji Pallonji Group shortlisted three suitors for the process of selling its consumer durable flagship Eureka Forbes. Eureka Forbes is a subsidiary of the listed parent company Forbes & Company and a household name in the vacuum cleaner and water purifier segments.
 
SpiceJet said it is going to consider fundraising through the issuance of equity shares/debt instrument on a preferential/qualified institutions placement basis.
 
GIC Housing Finance board approved a Rs 2,500 crore-fundraise by issuing redeemable non-convertible debentures through private placement. 
 
Ramco Systems received a digital transformation contract from Aden Ports to provide its Enterprise Resource Planning (ERP) software.
 
HDFC Life Insurance shares slumped on reports of Standard Life (Mauritius Holdings) planning to sell 3.46% of total shares of HDFC Life Insurance Company through block deals.
 
Reliance Power has started the export of power equipment from its Samalkot project in Andhra Pradesh to its Bangladesh project.
 
Parag Milk Foods has forayed into the fat-free milk variant under their premium milk brand Pride of Cows. The Pride of cows Fat Free milk would be distributed across Mumbai, Pune, Surat and Delhi from June 28, 2021.
 
Subros consolidated net profit jumped 57% to Rs 26.2 crore compared to Rs 16.6 crore in the previous year. Revenue jumped 43.9% YoY to Rs 659.93 crore.
 
NLC India consolidated profit rose 52% to Rs 756.83 crore against net profit of Rs 498.12 crore in the year-ago period.
 
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:
 
 
Comments
Free Helpline
Legal Credit
Feedback