Nifty, Sensex continue to trade in a range –Monday closing report
We had mentioned in the previous week’s closing report that Nifty, Sensex may move sideways. On Monday, the indices opened lower but recovered its losses and ended flat. On the NSE, there were 1,166 advances, 786 declines and 106 unchanged.
 
The trends of the major indices in the course of Monday’s trading are given in the table below:
 
 
Natco Pharma has received emergency use approval for Baricitinib tablets. Baricitinib in combination with Remdesivir is used for the treatment of COVID-19 positive patients.
 
Reliance Industries consolidated net profit for the March 2021 quarter doubled to Rs 13,227 crore from Rs 6,348 crore in the corresponding quarter of the previous year, due to a low base.
Revenue grew to Rs 1,49,575 crore, up 10% YoY. 
 
Steel Strips Wheels achieved its second-highest net turnover at Rs 235.28 crore in April 2021 versus Rs 253.29 crore in March 2021. 
 
TVS Motor Company registered sales of 2,38,983 units against 9,640 units in April 2020.
 
Adani Ports and Special Economic Zone cargo volume for April 2021 grew 86% YoY to 24.46 MMT. In the container segment, volume grew 98% YoY to 0.69 million TEU’s.
 
Supreme Industries consolidated net profit came in at Rs 450.4 crore compared to Rs 117.3 crore in the year-ago period. Revenue was up 45.7% YoY at Rs 2,084.6 crore versus Rs 1,430.5 crore.
 
Maruti Suzuki total sales declined 4% to 1,59,691 units in April, compared to 1,67,014 units in March 2021. The company did not sell any unit in the domestic market in April last year due to the nationwide lockdown. 
 
IDBI Bank net profit came in at Rs 512.2 crore versus Rs 135.4 crore YoY. NII was up 37.5% at Rs 3,240.1 crore versus Rs 2,356.3 crore in the year-ago.
 
Godrej Properties reported consolidated net loss of Rs 191.6 crore against a profit of Rs 102.4 crore in the same quarter of last fiscal.
 
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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