Nifty, Sensex under pressure due to rising bond yields – Monday closing report
We had mentioned in previous week’s closing report that Nifty, Sensex may try to bounce back. On Monday, the indices suffered a major correction. On the NSE, there were 561 advances, 1,388 declines and 86 unchanged.
 
The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
Jet Airways may fly again by July-August 2021 according to Murari Lal Jalan of Jalan-Kalrock consortium said. 
 
Karnataka Bank reported a fraud to the RBI of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks.  
 
Torrent Power emerged as the highest bidder for 51% privatisation of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu. 
 
Vivimed Labs received a nod from the Uzbekistan government for paracetamol drug and Health Canada approved site situated at Hyderabad. 
 
Ambuja Cements reported 34.06% jump in its consolidated net profit at Rs 968.24 crore for the December quarter.
 
Punjab National Bank will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but it will scout for raising equity from other sources.
 
Amara Raja Batteries has opened the country's maiden technology hub to develop lithium-ion cells at its Tirupati facility in Andhra Pradesh. 
 
Hindalco Industries board has approved dividend distribution policy for the company at its meeting held on February 13, 2017 as amended on February 22, 2021.
 
L&T has secured two EPC orders to establish more than 400 MW Solar Photovoltaic projects in the state of Gujarat. A 765kV double circuit transmission line package has been received through a project specific transmission company. In West Bengal, orders have been received to supply and install high voltage distribution systems in certain districts on a turnkey mode.
 
Steel Strips Wheels has received export orders of over 93,000 wheels for EU caravan trailer market, to be executed in the period of April 21 to June 21 from its Chennai plant.
 
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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