Domestic equity industry benchmarks BSE Sensex and Nifty 50 have been staring at a adverse start out on Thursday, as recommended by trends on SGX Nifty in early trade. Nifty futures have been trading 56 points or .40 per cent down at 13,928.20 on Singaporean Exchange. In the preceding session, headline indices wiped out all the gains produced so far in 2021. From its all-time highs, the Sensex is now off 2,774.08 points or 5.53 per cent in just 4 trading sessions. According to the analysts, volatility to stay higher on month-to-month expiry day. Asian peers have been trading in a deep sea of red, following an overnight plunge Wall Street. Japan’s Nikkei 225 tumbled 1.25 per cent even though the Topix index declined 1 per cent. US stock indices suffered their largest one-day percentage drop in 3 months with the Dow Jones Industrial Average falling 2.05 per cent. The S&P 500 lost 2.57 per cent and the Nasdaq Composite dropped 2.61 per cent.
Stocks in concentrate today:
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Stocks in concentrate: HUL, Axis Bank, Kotak Mahindra Bank, PNB Housing, L&T, UCO Bank, Indiabulls Real Estate
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Stocks in concentrate: RIL, Yes Bank, Kotak Mahindra Bank, L&T, BPCL, Birla Corp, Apollo Hospital
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Stocks to acquire ahead of Budget 2021: IRCTC, HUL, Maruti, HCL Tech, more these sectors to be in focus
Maruti Suzuki, IRCTC: A total of 129 corporations which includes Maruti Suzuki India, Lupin, InterGlobe Aviation, Bharat Electronics Ltd, IDBI Bank, IRCTC, Mahindra & Mahindra Financial Services, RBL Bank, Route Mobile, Shriram Transport Finance, Tata Chemicals, TVS Motor Company and Welspun Corp amongst other folks are slated to announce their quarterly earnings today.
HUL: Hindustan Unilever Ltd reported a 19 per cent on-year rise in net profit to Rs 1,921 crore in the October-December quarter. HUL’s income from operations surged 20 per cent on-year to Rs 11,682 crore for the duration of the quarter. The Ebitda for the duration of the quarter rose 16.6% y-o-y to Rs 2,804 crore.
Axis Bank: Axis Bank reported a 36 per cent on-year drop in net profit for the December quarter to Rs 1,117 crore on larger provisions. The bank’s provisions rose 33 per cent on-year to Rs 4,604 crore, but remained flat sequentially.
Canara Bank: Canara Bank posted a 9 per cent on-year decline in net profit to Rs 696 crore in the December quarter of FY21, with a 61 per cent rise in provisions to Rs 4,686 crore. The bank reported a total earnings of Rs 21,479 crore, up 5.71 per cent on-year.
India Cements: India Cements posted a net profit of Rs 62.02 crore as against a net loss of Rs 5.37 crore in the corresponding quarter of the final fiscal. The total earnings of the enterprise stood at Rs 1,162.91 crore as compared to Rs 1,194.42 crore.
Aditya Birla Fashion and Retail: ABFRL has entered into a definitive agreement with designer brand Sabyasachi for acquiring a 51 per cent stake. The price of acquisition is to the tune of Rs 398 crore, according to a filing on BSE.