Nifty, Sensex trending higher again – Tuesday closing report
Moneylife Digital Team 15 June 2021
We had mentioned in Monday’s closing report that Nifty, Sensex may move sideways. On Tuesday, the indices opened higher and ended with decent gains. On the NSE, there were 1,184 advances, 807 declines and 66 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
Coal India reported 1.1% slip in consolidated net profit for the quarter ended 31 March 2021 at Rs 4,586.78 crore compared to the corresponding period in the previous year. Consolidated sales declined to Rs 24,510.80 crore, from Rs 25,597.43 crore YoY.
 
Jubilant Foodworks net profit came in at Rs 104.3 crore against Rs 21 crore YoY. Revenue went up 14.3% to Rs 1,025.9 crore compared to Rs 898 crore YoY.
 
Glenmark Pharmaceuticals launched a bioequivalent version of Tiotropium Bromide dry powder inhaler (DPI) under the brand name - Tiogiva, in UK for the treatment of chronic obstructive pulmonary disease (COPD).
 
Whirlpool reported a 40.8% rise in net profit at Rs 130 crore compared to Rs 92.3 crore YoY. Revenue shot up 31.5% YoY to Rs 1,779.4 crore. 
 
PNB Housing Finance has been fined Rs 80,000 by the National Housing Bank for non-compliance regarding disbursement of home loans for two projects in 2015.
 
Power Finance Corporation reported consolidated net profit at Rs 3,906 crore against Rs 694 crore YoY. Revenue rose 12.1% YoY to Rs 18.149 crore. 
 
HDFC Bank shall consider a proposal for dividend on the equity shares of the bank for the financial year ended 31 March 2021. 
 
Wipro has extended its partnership with Levi Strauss & Co. to help optimize their customer and user experience across all channels.
 
Jaiprakash Power Ventures consolidated profit came in at Rs 215.32 crore compared to a loss of Rs 70.91 crore YoY. Revenue increased to Rs 956.87 crore from Rs 698.47 crore YoY. 
 
Nelcast consolidated net profit dropped 71% to Rs 6.6 crore from Rs 22.9 crore YoY. Consolidated revenue rose 75.7% to Rs 220.4 crore against Rs 125.5 crore YoY. 
 
Spandana Sphoorty approved issuing NCDs up to Rs 675 crore on a private placement basis.
 
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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