By Aamar Deo Singh, Head Advisory, Angel Broking Ltd
Benchmark indices trade lower dragged down by the auto and banking sector today.
Nifty went down by 1.08% or 122.05 points and closed below the 11,200 mark at 11,178.40, while S&P BSE Sensex slipped down by 1.13% or 433.15 points and closed at 37,877.34.
Around 1600 shares declined, 1085 shares advanced, while 133 shares remained unchanged.
Eicher Motors (7.15%), Tata Motors (4.80%), M&M (3.27%), Bajaj Finance (2.59%), and Axis Bank (2.63%) were among top Nifty losers, while JSW Steel (2.57%), Coal India (2.33%), Sun Pharma (1.97%), Cipla (1.76%), and NTPC (1.55%) were among top Nifty gainers.
All other sectors except metal and pharma ended in the red. BSE Midcap went down by 1.02% while BSE Smallcap declined by 0.61%.
Varroc Engineering Ltd
The consolidated net loss of the company stood at Rs.308.5 crore while the revenue of the company was down by 55.6% during the first quarter of the FY21. The stocks of the company went down by 7.68% and traded at Rs.205.00.
NTPC Limited
The net profit of the company was down by 5.9% while the revenue of the company declined by 2.6% during the first quarter of the FY21. The stocks of the company however went up by 1.55% and traded at Rs. 88.60 during today’s trading session.
Jamna Auto Industries Limited
Hopes of recovery in the commercial vehicle space led to buying in the sector. As a result, stocks of Jamna Auto Industries went up by 4.19% and traded at Rs. 39.80.
MRF Limited
The consolidated net profit of the company was down by 95% while the consolidated revenue of the company declined by 45%. The stock tripped down by 3.81% and traded at Rs.61,540.00.
NESCO Limited
The consolidated net profit of the company went up by 35% while the revenue during the first quarter of the FY21 declined by 11%. The stocks of the company however traded higher by 4.50% at Rs.516.05.
City Union Bank Ltd
The stocks of the bank went up by 3.81% and traded at Rs.121.25 after the bank reported better performance for the June ended quarter. The net profit for the first quarter of the FY21 declined by 16.9% while the Net Interest Income rose by 4.8%.
BPCL Limited
The revenue from operations of BPCL Limited during the first quarter of the FY21 plunged by 43.8% while the net profit during the period stood at Rs.2,076 crore. The stocks of the company however tripped down by 1.98% and traded at Rs.412.80.
Hero MotoCorp
The company reported weak performance during the first quarter of the FY21 as the net profit of the company declined by 95.1% while the revenue from operations tripped down by 633%. The stock of the company went down marginally by 0.49% and traded at Rs.2,796.00.
Indian Rupee
The Indian rupee traded ended marginally lower at Rs.74.90 against the US Dollar amid volatile equity markets.
Mixed Global Market Cues
The Asian markets projected a mixed trend while the European markets traded lower in today’s trading session. Nasdaq and Nikkei 225 went up by 0.27% and 0.17% respectively, while Hang Seng fell by 0.19%. On the other hand, FTSE 100 tripped down by 1.80% while FTSE MIB went down by 1.48%.
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