We had mentioned in Monday’s closing report that Nifty, Sensex were moving sideways. On Tuesday, the major indices ended with minor losses.
On the NSE, there were 560 advances, 1,251 declines and 379 unchanged.
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
Wipro and Marelli have entered into a multi-year global agreement for automotive engineering services. As part of this agreement, Wipro will leverage its EngineeringNXT framework and strong automotive engineering expertise to establish a software engineering factory for Marelli.
Info Edge reported a 149% YoY jump in consolidated net profit to Rs 93.66 crore during the quarter ended June 2020. Consolidated revenue in stood at Rs 285 crore, down 10.85% YoY.
Ashoka Buildcon emerged as the lowest bidder (L-1) for two NHAI projects. The aggregate quoted value of the projects is Rs 1,390 crore.
Surya Roshni won orders aggregating to Rs 287.45 crore from Indian Oil Corporation and Bharat Gas Resources.
The government is reportedly planning to sell 15-20% stake in IRCTC via offer for sale (OFS). The Department of Disinvestment has invited bids for the appointment of merchant bankers and selling brokers.
CESC’s consolidated net profit fell 13.4% YoY to Rs 200 crore. Revenue fell 25% YoY to Rs 2,420 crore versus Rs 3,227 crore in the year-ago.
SML Isuzu posted a net loss of Rs 52.3 crore in the quarter ended June 2020 against a profit of Rs 16.7 crore in the year-ago period. Revenue fell 94% YoY to Rs 28.7 crore.
Future Enterprises reported a consolidated net loss of Rs 394.77 crore in Q4 FY20 as against a net profit of Rs 66.58 crore in the year-ago. Revenue fell 50.01% YoY to Rs 783.28 crore.
The government will sell up to 1,83,28,125 equity shares of Bharat Dynamics via offer for sale on September 8-9, with an option to additionally sell 91,64,063 equity shares (which total representing 15 percent of the total paid-up equity capital). The floor price of the offer will be Rs 330 per share.
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: