Nifty, Sensex still on course to head higher – Thursday closing report
We had mentioned in the Wednesday’s closing report that Nifty, Sensex may continue to head higher. On Thursday, the indices opened higher and ended with minor gains. On the NSE, there were 866 advances, 1,041 declines and 100 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Tata Communications reported net profit of Rs 270.6 crore, down from Rs 309.4 crore in the year-ago period. Revenue declined 3.5% YoY to Rs 4,073.3 crore.
 
Rain Industries reported sharply higher profit at Rs 231.1 crore against Rs 113.9 crore YoY. Revenue grew 6.2% to Rs 3,077.7 crore from Rs 2,897.6 crore YoY. 
 
Bajaj Auto reported standalone profit of Rs 1,332.1 crore for the quarter ended March 2021, up 1.7% year-on-year (YoY). Revenue from operations rose 26.1% YoY to Rs 8,596.1 crore.
 
Steel Strips Wheels confirmed export orders of more than 170,000 wheels for the US and EU caravan trailer market, US mobile home and US trailer-truck market. 
 
Laurus Labs reported a net profit of Rs 296.7 crore against Rs 110.2 crore YoY. Revenue grew 68.3% YoY to Rs 1,411.9 crore.
 
Sterlite Technologies reported net profit at Rs 124.4 crore. Revenue was up 12.2 percent at Rs 1,475 crore against Rs 1,314.4 crore.
 
The Competition Commission of India (CCI) has approved Tata Digital's proposed acquisition of 64.3 per cent stake in Supermarket Grocery Supplies Private Ltd (SGS), which operates the business-to-business arm of the online grocery firm BigBasket.
 
KSB reported net profit of Rs 43.9 crore in March 2021 quarter compared to Rs 10.9 crore YoY. Revenue rose to Rs 381.6 crore from Rs 257 crore in the year ago period.
 
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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