We had mentioned in last week’s closing report that Nifty, Sensex continues to trend up.
The major indices rallied this week and closed with major gains.
The trend of the major indices in the week is given in the table:
The equity markets were closed on Monday on account of Diwali. On Tuesday, the major indices were buoyant and closed with decent gains. On the NSE, there were 1,062 advances, 804 declines and 360 unchanged.
Tata Steel reported a 59.6% fall in net profit during Q2FY21 (July-September 2020 quarter) at Rs 1,635.4 crore, against Rs 4,043.5 crore YoY. Revenues rose 7% YoY to Rs37,154 crore compared to Rs34,579 crore YoY.
Eveready Industries India reported over three-fold jump in consolidated net profit to Rs 57.22 crore compared to Rs 18.11 crore YoY. Revenue went up 6.95% to Rs 372.62 crore compared to Rs 348.40 crore YoY.
Embassy REIT has agreed to purchase Embassy TechVillage assets from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of $1.3 billion.
ONGC reported 54.6% fall in Q2FY21 net profit at Rs 2,877.8 crore as against Rs 6,336.2 crore YoY. Revenue declined 30.9% to Rs 16,917 crore from Rs 24,492.6 crore YoY.
On Wednesday, the major indices made fresh all-time highs and closed with decent gains. On the NSE, there were 1,096 advances, 764 declines and 356 unchanged.
Lakshmi Vilas Bank was put under moratorium by the Finance Ministry, with effect from November 17 till December 16, 2020. During this time, depositors cannot withdraw more than Rs 25,000, and any extra amount of withdrawal will require the bank to take a written permission from the Reserve Bank of India (RBI). Also, the 94-year old bank will be merged with DBS Bank India and its entire paid-up share capital will be written off.
Larsen & Toubro bagged the biggest orders ever from Tata Steel to supply 46 units of Komatsu mining equipment. The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.
Wonderla Holidays Bangalore unit is opening for water rides from November 20, 2020. The dry rides have been operational since November 13. The park will be reducing the entry limit to 4000 from its original capacity of 10,000 per day for safety reasons.
JSW Infrastructure said it has completed the acquisition of Chettinad Group's port business.
On Thursday, the major indices faced a correction. On the NSE, there were 828 advances, 1,011 declines and 376 unchanged.
SpiceJet stock price rose after The US Federal Aviation Administration approved Boeing Co.’s 737 MAX jet again to fly after two fatal crashes that triggered two years of regulatory scrutiny and corporate upheaval.
GPT Infraprojects won a contract worth Rs 162.83 crore by the office of the Hooghly River Bridge Commissioners (HRBC), Transport Department, Government of West Bengal, Kolkata.
L&T Construction has secured another mega contract from the National High-Speed Rail Corporation Limited (NHSRCL) to construct 87.569 km of the Mumbai-Ahmedabad High Speed Rail (MAHSR) project. This order comes on the heels of the earlier one for the C4 Package of the project, involving the construction of a 237.1 km stretch.
ACC will divest its stake in National Limestone Company Private Limited, which is currently non operational, to N.G. Ghadiya Group for Rs. 20 crore.
On Friday, the major indices were volatile but ended with decent gains. On the NSE, there were 1,093 advances, 766 declines and 127 unchanged.
The merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed and Vodafone Idea received Rs 3,760.1 crore cash for its 11.15% holding in Indus, a regulatory filing said.
State Bank of India, the lead lender to DHFL, asked fellow lenders to persuade all four suitors to the bankrupt home financier, to upgrade their offers as an improvement in the asset quality of the mortgage lender had made it more valuable, Mint reported.
Pennar Industries announced that it has bagged orders worth Rs 517 crore across its business verticals during the quarter ended 30 September 2020.
Reliance Retail Ventures has received cumulative subscription amount of Rs 47,265 crore from its financial partners and allotted 69,27,81,234 equity shares to them.
jjain782
1 week agoVery detailed information