Nifty, Sensex Indecisive – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex were directionless. The major indices faced a correction this week. The trend of the major indices in the week is given in the table:
On Monday, the indices suffered a major correction and ended with huge losses. On the NSE, there were 241 advances, 1,740 declines and 313 unchanged.
Flipkart announced that it will work with Adani Logistics to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers. In addition, Flipkart will set up its third data centre at Adaniconnex’s Chennai based facility.
Here are the top stocks to track in today s session:
Earnings Today: Wipro, Blue Blends (India), Hathway Bhawani Cabletel & Datacom and Tinplate Company of India are scheduled to announce their quarterly numbers on Thursday. Most brokerages expect Wipro s net profit to rise between 23-30 per cent year-on-year (YoY) but the figure could contract on a quarter-on-quarter (QoQ) basis.
Infosys: The company posted a 17.5 per cent jump in net profit for the March quarter on YoY basis, even though it was down 2.3 per cent sequentially. Infosys’s board also approved a share buyback of up to Rs 9,200 crore. The buyback will be done from the open market and the price per share will not exceed Rs 1,750.
Sensex, Nifty Likely To Open Higher Asian markets were muted with Australia s jobs data for March expected later today; Nikkei 225 advanced 0.22 per cent in early trade, while the Topix index gained 0.55 per cent and South Korea s Kospi advanced fractionally.
Updated: April 15, 2021 8:25 am IST
At 7:30 am, the Nifty futures were trading higher by 0.95 per cent on Singapore Stock Exchange.
The domestic stock markets are likely to open in the green, going by early indications from SGX Nifty futures trading. Trends on SGX Nifty indicate a positive opening for the index in India, with a 109-points gain (against April 13 close). At 7:30 am, the Nifty futures were trading at 14,650.25, higher by 109 points or 0.95 per cent, on the Singapore Stock Exchange.
Tinplate Company of India standalone net profit rises 107 08% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Nifty, Sensex may try to head higher – Thursday closing report
Moneylife Digital Team
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We had mentioned in the previous closing report that Nifty, Sensex were under pressure. On Thursday, the indices opened lower but rallied and closed with decent gains. On the NSE, there were 761 advances, 1,117 declines and 375 unchanged.
The trends of the major indices in the course of Thursday’s trading are given in the table below:
Wipro reported 28% YoY rise in net profits for the quarter ended 31 March 2021 to Rs 2,972 crore compared to Rs 2,326 crore in the corresponding quarter of the previous year. Revenue grew 3% YoY to Rs 16,334 crore compared to Rs 15,850 crore YoY.