Nifty, Sensex under pressure from global selloff – Monday closing report
Moneylife Digital Team 19 July 2021
We had mentioned in previous week’s closing report that Nifty, Sensex continue to be on an uptrend. On Monday, the indices suffered a major correction. On the NSE, there were 938 advances, 1,048 declines and 330 unchanged.
 
 
 
HDFC Bank reported consolidated profit of Rs 7,922 crore during the April-June 2021 quarter compared to Rs 6,927 crore reported in the corresponding quarter of the previous financial year. Net interest income came in at Rs 18,035 crore compared to Rs 16,743 crore in the previous year. 
 
Adani Group stocks took a hit after the Minister of State for Finance Pankaj Chaudhary told Parliament that several Adani group companies remained under the scanner of market regulator the Securities and Exchange Board of India and the government's Directorate of Revenue Intelligence.
 
HDFC Life Insurance reported net premium growth of 31.5% at Rs 7,540 crore compared to Rs 5,733.7 crore earned in the same quarter in the previous year. Net profit slumped 40.2% year-on-year to Rs 269.6 crore.
 
Swaraj Engines reported net profit of Rs 33.7 crore during the quarter ended 30 June 2021 against Rs 7.8 crore earned in the same period last year. Revenue nearly tripled to Rs 314.7 crore from Rs 117 crore in the previous year.
 
Indian Bank’s net profit more than tripled to Rs 1,181.7 crore from Rs 369.3 crore made in the same period last year. Net interest income grew meagrely by 3.1% at Rs 3,994.2 crore against Rs 3,874.3 crore in the previous year.
 
Reliance Retail Ventures, the retail arm of Reliance Industries, announced it was acquiring a majority stake of 66.95% in Just Dial. 
 
Tata Power has joined hands with HPCL to set up electric vehicle charging stations at its petrol pumps across the country.
 
Den Networks reported consolidated profit of Rs 41.14 crore compared to Rs 58.65 crore in the same period last year. Revenue came in at Rs 302.97 crore, nearly flat compared to Rs 301.3 crore on year-on-year basis.
 
L&T Finance Holdings reported net profit of Rs 178 crore compared to Rs 148 crore in the year-ago period. Revenue came in at Rs 3,140 crore compared to Rs 3,387 crore in the previous year.
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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