Mélange Finance

Sensex slips 746 points, Nifty sheds over 1.5%, Indian Indices end in the red

Sensex slips 746 points, Nifty sheds over 1.5%, Indian Indices end in the red – Benchmark indices that witnessed profit booking

Sensex slips 746 points, Nifty sheds over 1.5%, Indian Indices end in the red – Benchmark indices that witnessed profit booking for the second day in a row, ended in the red as they were dragged by metals and financials.

Nifty went down by 1.50% or 218.45 points and closed below the 14,400-mark at 14,371.90 points, while S&P BSE Sensex slipped by 1.50% or 746.22 points and closed at 48,878.54 points. Around 960 shares advanced, 1,961 shares declined, and 132 shares remained unchanged.

Bajaj Auto (11.23%), Hero MotoCorp (3.99%), Eicher Motors (1.78%), Hindustan Unilever (1.45%), and UltraTech Cement (0.67%) were among the top Nifty gainers. In contrast, Axis Bank (4.48%), Asian Paints (4.25%), JSW Steel (3.97%), ICICI Bank (3.75%), and Hindalco Industries (3.74%) were amongst the top Nifty losers.

Nifty Bank, metals, and PSU shed over 3% each while energy, pharma, and infra sectors slipped by around 1% on the sectoral end. BSE Midcap and BSE Smallcap tripped by 1.19% and 1.04% respectively.

Sensex Mangalam Organics Ltd.

Mangalam Organics’ stocks surged by 16.31% and traded at Rs. 555.75 after its net profit in the quarter ended December rose to Rs. 30 crores. The company’s revenue during the following period increased to Rs. 108 crores.

Sensex Symphony Ltd.

Symphony Ltd’s stocks declined by 4.89% and traded at Rs. 990.00 after the company’s net profit fell by 47.1% and stood at Rs. 27 crores while the firm’s revenue declined by 25.5% and stood at Rs. 216 crores.

Sensex Ramkrishna Forgings Ltd

The firm reported its Q3 FY21 results where the consolidated net profit was at Rs. 14.8 crores. The firm’s consolidated revenue jumped by 41.8% to Rs. 402.9 crore. The stocks, however, declined by 3.19% and stood at Rs. 575.00.

Biocon Ltd.

Biocon’s shares tripped 11.05% and traded at Rs. 393.10 after the company reported a decline of 18% in its consolidated net profit, which stood at Rs. 186.6 crores for the third quarter of FY21.

JK Tyre & Industries Ltd.

The firm’s stocks went up by 19.97% and traded at Rs. 138.80 after the firm reported a multi-fold increase in its consolidated net profit. The consolidated net profit stood at Rs. 230.46 crores in the Q3 FY21 while the consolidated revenue from operations stood at Rs. 2769.28 crores.

Bajaj Auto Ltd.

Bajaj Auto’s stocks rose by 11.23% to hit a 52-week high and traded at Rs. 4,119.25 after the firm clocked its highest-ever standalone profit. Bajaj Auto’s standalone profit in the December quarter rose by 23% to Rs. 1556.28 crores.

Indian Rupee

Indian rupee ended flat at Rs. 72.97 against the U.S. Dollar as profit booking was witnessed in the domestic equity markets. 

Global Markets end in the red

Asian and European markets slipped as investors took profit after a recent rally driven by hopes over additional stimulus aid by the U.S. President  Joe Biden. FTSE 100 went down by 0.94%, FTSE MIB went down by 2.12%, and Nikkei 225 declined by 0.44% as Hang Seng tripped by 1.60%.

Disclaimer: The following Press Release comes to you under a network of a strategic syndication partnership with PR Newswire. Prittle Prattle News takes no editorial responsibility for the same.

Also Read Coromandel, Federal Bank

Media of the day

Skip to toolbar