Sensex, Nifty Post Weekly Advance; Hindalco, Adani Ports Top Gainers
- Oldest First
Second Week Of Gains
Indian equities ended little changed for the third time in the last four trading sessions, but posted gains for the week, courtesy the surge on Monday.
The S&P BSE Sensex ended 12 points higher at 51,544 while the NSE Nifty 50 index ended 10 points lower at 15,163. Both the benchmark indices gained over 1.5% for the week.
Private banks outperformed in today's session with the Nifty Bank ending 1% higher, above the mark of 36,000.
Among the top laggards of the session were Metals and FMCG stocks. The Nifty Metal index fell 1.7% while the FMCG index declined 1.5%, dragged lower by ITC's fall post its Q3 results.
The Nifty Media index fell 1% while the Auto index declined 0.5%.
Broader markets too were little changed and had a mixed day of trade. The Nifty Midcap index ended 0.2% lower while the Small Cap index gained by a similar quantum.
The India Volatility Index fell 4% in today's session to end at 22.14.
1,029 stocks on the NSE ended with gains while 847 stocks reported losses.
How Did The Markets Fare This Week
Finolex Cables Q3FY21 (Consolidated, YoY)
- Revenue up 18% at Rs 830.2 crore Vs Rs 702.4 crore
- Net profit up 43% at Rs 147 crore Vs Rs 102.7 crore
- Ebitda up 9% at Rs 109.2 crore Vs Rs 99.9 crore
- Ebitda margin at 13.2% Vs 14.2%
- Electrical Cables revenue up 19% at Rs 692.9 crore Vs Rs 584 crore
- Communication Cables revenue up 6% at Rs 95.8 crore Vs Rs 90 crore
- Copper rods revenue more than triples to Rs 196 crore Vs Rs 55.5 crore
Benchmarks Fluctuate But Set For Weekly Gains
- Nifty down 15 points at 15,155
- Sensex down 22 points at 51,530
- Nifty Bank up 1% at 36,114
- Nifty Midcap index down 0.5%
- Nifty Small cap index little changed
- India Volatility Index down 3.2% to 22.3
- Nifty FMCG and Nifty Metal are the top sectoral laggards; down 1.7% each
- Nifty Pharma index down 1.1% while Auto index declines 0.8%
- Nifty I.T. and PSU Bank indices trade with gains of 0.4% each
- Adani Ports is the top Nifty gainer; up 3.5%
- ITC remains the top Nifty laggard; down 4.2%
- 1,037 stocks on the NSE decline while 821 stocks trade higher
Bharat Forge Q3FY21 (Consolidated, YoY)
- Revenue down 6% at Rs 1,723.1 crore Vs Rs 1,830.8 crore (Bloomberg Estimate: Rs 1,015.3 crore)
- Net loss of Rs 210.4 crore Vs net profit of Rs 40.4 crore (Bloomberg Estimate: Net profit of Rs 92.7 crore)
- Ebitda up 28% at Rs 283.7 crore Vs Rs 222.3 crore (Bloomberg Estimate: Rs 214.7 crore)
- Ebitda margin at 16.5% Vs 12.1%
- Expense of Rs 5.47 crore during the quarter on account of Voluntary Retirement Scheme at Mundhwa and Satara plant.
- Expense of Rs 19.7 crore due to expense on manpower optimisation in overseas subsidiaries
- Expense of Rs 274.3 crore on related settlement expenses with regards to German subsidiaries.