Nifty, Sensex Unable to Hold On to Gains– Tuesday closing report
Moneylife Digital Team 06 July 2021
We had mentioned in Monday’s closing report that Nifty, Sensex were headed higher. On Tuesday, the indices opened lower and rallied but lost all gains and ended flat. On the NSE, there were 859 advances, 1,121 declines and 55 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
AU Small Finance Bank reported 31% YoY growth in gross advances for the April-June 2021 quarter at Rs 34,688 crore from Rs 26,534 crore in the corresponding quarter of the previous year. 
 
The Government of India has proposed to sell up to 11.72 crore equity shares of NMDC representing 4 percent of the total paid-up equity with an option to additionally sell 10.22 crore equity shares in case of oversubscription via offer for sale on 6 and 7 July.
 
Tata Motors flagged a chip supply shortage may halve wholesale volumes of Jaguar Land Rover by the end of the September 2021 quarter.
 
The Securities Appellate Tribunal has adjourned its hearing on the matter of PNB Housing's proposed preferential issue worth Rs 4,000 crore for 12 July.
 
Info Edge (India) will acquire 100% stake of Axilly Labs Private Limited for cash consideration worth Rs.21 crores. DoSelect is engaged in the business of providing technical assessment services to its clients for recruitment and learning purposes.
 
An official of Biocon Ltd was restrained by Sebi from accessing the securities market for three months and also levied a monetary penalty for contravening insider trading norms. 
 
Goldiam International board will meet on 21 July to consider and approve a proposal for buyback of equity shares of the company.
 
Coforge board approved the fresh issuance of equity shares for the purpose of capital raising, subject to a limit of an amount not exceeding Rs 375 crore.
 
Force Motors announced production of 1,757 units of commercial vehicles, utility vehicles and tractors in June 2021 and sale of 1,925 units in June 2021.
 
The Centre has allowed domestic airlines to operate at 65% passenger capacity.
 
Gravita India step down subsidiary Recyclers Ghana Limited, Ghana, has enhanced the production capacity of its existing lead recycling plant from 12,000 MTPA to 16,200 MTPA.
 
Godawari Power and Ispat has repaid all of its long-term loans worth Rs. 1,369 crores.
 
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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