Nifty, Sensex continue to remain directionless – Thursday closing report
Moneylife Digital Team 26 August 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex may move sideways. On Thursday, the indices opened higher but ended flat. On the NSE, there were 1,005 advances, 989 declines and 5 unchanged.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
Procter & Gamble Hygiene and Health Care reported net profit of Rs 48.98 crore for the quarter ended 30 June 2021, down 29% from 69.21 crore in the corresponding period of the previous financial year (YoY). Revenue grew 24% to Rs 787 crore from Rs 635 crore YoY.
 
Future Retail announced the appointment of Sadashive Nayak as the CEO the company with immediate effect.
 
Kaveri Seed Company board approved a proposal to buy back equity shares worth up to Rs 120 crore at a maximum price of Rs 850 each.
 
Affle India board approved stock split of 1 equity share of the face value of Rs 10 each into five shares of Rs 2 each.
 
Thermax subsidiaries Thermax Babcock and Wilcox Energy Solutions have bagged Rs 293 crore order for a refinery and petrochemical complex in western India.
 
Belstar Microfinance Limited, a subsidiary of Muthoot Finance, plans to raise primary equity of Rs. 350 crore from new investor Affirma Capital and existing investors Muthoot Finance and Maj Invest. 
 
Intellect Design Arena’s transaction banking specialist Intellect Global Transaction Banking announced a deal win with a leading Islamic bank in APAC to digitise and streamline its cash and trade transaction banking technology offerings.
 
Marksans Pharma received USFDA approval for its ANDA for Acetaminophen Extended-Release Tablets USP, 650 mg (OTC).
 
Carborundum Universal will make a strategic investment in PLUSS Advanced Technologies by acquiring the equity shares of its shareholders as well as subscribing to additional equity capital.
 
Control Print will acquire majority stake of 80% in Innovative Codes India Private Limited.
 
Sonal Adhesives board has approved to dispose off the company’s land property in Dheku village in Khopoli to Mr. Hitesh Bhanwarlal Sanghvi.
 
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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