Nifty, Sensex may pause for breather - Wednesday closing report
Moneylife Digital Team 01 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex remain on an uptrend. On Wednesday, the indices opened higher but suffered a minor correction. On the NSE, there were 942 advances, 1,061 declines and 5 unchanged.
 
The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
Bharat Heavy Electricals won six orders worth Rs 10,800 crore from NPCIL involving the setting up of four units of 700 MWe at Gorakhpur, Haryana and another two at Kaiga, Karnataka.
 
Bajaj Auto reported 5% jump in its August 2021 sales at 3,73,270 units against 3,56,199 units in August 2020. Domestic sales declined 7% whereas exports rose by 18%.
 
Tata Motors reported sales of 57,995 vehicles in domestic and international markets for August 2021 compared to 36,505 vehicles in the year-ago period.
 
TVS Motor sold 290,694 units in August 2021 as against 287,398 units in the year-ago period. The company's exports grew 61%.
 
Mahindra & Mahindra overall auto sales in August 2021 came in at 30,585 vehicles. 
 
Vedanta announced a first interim dividend of Rs 18.50 per share.
 
Steel Strips Wheels achieved its highest ever net turnover of Rs 308.09 crore in August 2021 up from Rs 126.79 crore in the year-ago period, a growth of 142.68% YoY.
 
EPL has partnered with Colgate-Palmolive for making recyclable toothpaste tubes. 
 
Shoppers Stop sold its Crossword Bookstores to franchisee Agarwal Business House at a gross business valuation of Rs 41.62 crore.
 
Equitas Small Finance Bank (SFB) has launched a new initiative, enabling Google Pay users to book fixed deposits (FDs) on Google Pay in under 2 minutes without having to open a bank account.
 
IIFL Wealth Management’s CFO Mihir Nanavati has resigned from the company and Sanjay Wadhwa, was appointed as the new CFO.
 
NCC has received one new order for Rs 877 crore from a state government agency.
 
Apollo Micro Systems has bagged an order for the supply of electronic control system for a strategic programme from DRDO worth Rs 5.30 crore.
 
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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