The benchmark indices continued to trade positive for the fifth consecutive day with infra, energy, and banking stocks leading to the gains.
Nifty, went up by 1.51% or 161.75 points and closed at 10,901.70, crossing the 10,900 mark, while S&P BSE Sensex went up by 1.50% or 548.46 points and closed at 37,020.14.
Around 1622 shares advanced, 978 shares declined, while 153 shares remained unchanged.
BPCL (12.43%), ONGC (5.84%), GAIL (4.08%), Bharti Infratel (4.32%), and Titan (3.71%) were among top Nifty gainers, while Hindalco Industries (1.90%), Britannia Industries (1.86%), Nestle (1.47%), TCS (1.20%), and Infosys (0.59%) were top Nifty losers.
All sectoral indices except the IT sector traded positive. BSE Midcap and BSE Smallcap went up by 1.55% and 1.11% respectively.
Granules India Ltd.
Stocks of Granules India Ltd. went up by 7.32% and traded at Rs.263.80 in today’s trading session as the company’s profits were up by 34% while the revenue of the company went up by 23.6%.
The company reported a net profit of Rs.2925.00 crore and a revenue of Rs.17,841.00 crore in the first quarter of the FY21. However, the stocks of the company declined marginally by 0.49% and traded at Rs.624.70.
L&T Finance Holdings Limited
Stocks of L&T Finance Holdings Limited went up by 3.51% and traded at Rs.61.85 even though the company reported a decline of 73% in its net profit for the first quarter of the FY21. The decline was due to higher contingency provisioning.
GNA Axles Ltd.
The company reported a net loss of Rs.6.6 crore while the revenue of the firm was down by 69%. As a result, stocks of the company rallied down by 2.51% and traded at Rs.176.50 in today’s trading session.
Stocks of Cadila Healthcare Ltd. went up by 4.63% and traded at Rs.377.60 after the company secured the approval from COFEPRIS for conducting clinical trials in Mexico of Pegylated Interferon alpha-2b that will help treat COVID-19.
The company reported more than expected earnings for the first quarter of the FY21 along with a rise in the company’s net profit and improved operating performance. The stocks of the company went up by 3.47% and traded at Rs.294.00.
Britannia Industries reported a consolidated net profit of Rs.542.6 Crore and a revenue of Rs.3420.7 crore for the first quarter of the FY21. However, the stocks of the company went down by 1.86% and traded at Rs.3783.00.
The Indian rupee ended higher at Rs.75.02 against the US dollar amid the positive domestic equity markets.
Gold traded marginally higher in today’s trading session with a positive bias on MCX. Gold futures for August rose by 0.09% to Rs.48,815.
Mixed Global Market Cue
Global markets traded firm in today’s trading session despite the rising number of COVID-19 cases and increasing US-China tensions. The European markets showed an upward trend as FTSE 100 went up by 0.56% and FTSE MIB went up by 0.01%. Hang Seng too surged by 0.47% while Nasdaq and Nikkei 225 went down by 0.73% and 0.32% respectively.