Nifty, Sensex may give up some gains - Tuesday closing report
Moneylife Digital Team 07 September 2021
We had mentioned in Monday’s closing report that Nifty, Sensex continued to remain bullish.
 
On Tuesday, the indices opened higher but were volatile and ended flat. On the NSE, there were 685 advances, 1,301 declines and 87 unchanged.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
LIC Housing Finance and India Post Payments Bank (IPPB) announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB.
 
Dr. Reddy's Laboratories launched Mintop – a Minoxidil topical solution USP 2% and 5% for the treatment of female pattern hair loss.
 
Jubilant FoodWorks promoter Jubilant Consumer created a pledge on 7.25 lakh equity shares (0.55% stake) of the company.
 
VST Tillers launched the VST range of tractors and power tillers in Southern Africa markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
 
JSPL sales volume in August 2021 increased 6% month-on-month and 4% year-on-year (YoY) to 7.1 lakh tonnes.
 
JSW Steel reported 5% jump in crude steel production in August 2021 at 13.77 lakh tonnes.
 
Embassy Office Parks REIT raised Rs 300 crore through issue of non-convertible debentures at a 6.80% quarterly coupon.
 
L&T’s construction arm secured a significant order from a state-utility organization to implement rural water supply projects providing functional house tap connections under the Jal Jeevan Mission. 
 
Captain Polyplast won a 1,000 KW rooftop solar EPC project from an industrial customer based in Gujarat. 
 
Birlasoft along with Freshworks Inc., announced a global partnership to help enterprises provide better customer experience management services using digital solutions.
 
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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Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 03 September 2021
INDIAN MARKET TRENDS
From 27th August to 2 September 2021, ML Mega-cap Index rose 4%. The NIFTY, ML Large-cap Index, the Sensex, ML Mid-cap Index and ML Small-cap Index rose 3% each. ML Micro-cap Index and rose 2%.
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