Sensex, Nifty Post Weekly Advance; Hindalco, Adani Ports Top Gainers

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..Revenue up 18% at Rs 830.2 crore Vs Rs 702.4 croreNet profit up 43% at Rs 147 crore Vs Rs 102.7 croreEbitda up 9% at Rs 109.2 crore Vs Rs 99.9 croreEbitda margin at 13.2% Vs 14.2%Electrical Cables revenue up 19% at Rs 692.9 crore Vs Rs 584 croreCommunication Cables revenue up 6% at Rs 95.8 crore Vs Rs 90 croreCopper rods revenue more than triples to Rs 196 crore Vs Rs 55.5 crore.Nifty down 15 points at 15,155Sensex down 22 points at 51,530Nifty Bank up 1% at 36,114Nifty Midcap index down 0.5%Nifty Small cap index little changedIndia Volatility Index down 3.2% to 22.3Nifty FMCG and Nifty Metal are the top sectoral laggards; down 1.7% eachNifty Pharma index down 1.1% while Auto index declines 0.8%Nifty I.T. and PSU Bank indices trade with gains of 0.4% eachAdani 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.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 subsidiariesExpense of Rs 274.3 crore on related settlement expenses with regards to German subsidiaries..Motherson Sumi Stock Jumps To Highest In More Than Two Years On Q3 Results Beat, Debt Reduction.Revenue up 34% at Rs 1,994.6 crore Vs Rs 1,492.5 croreNet profit up 46% at Rs 128.6 crore Vs Rs 88 croreEbitda up 50% at Rs 145.8 crore Vs Rs 97.5 croreEbitda margin at 7.3% Vs 6.5%Unitary Cooling Products revenue up 40% at Rs 839.6 crore Vs Rs 600.5 croreElectro-Mechanical projects and services revenue up 26% at Rs 1,016.7 crore Vs Rs 808.1 croreEngineering Products and Services revenue up 46% at Rs 121 crore Vs Rs 82.6 crore.Rising Demand, Lower Prices Than Auto Fuels Drive City Gas Firms’ Q3 Earnings.Nifty up 0.3% at 15,213Sensex up 0.3% at 51,685Nifty Bank up 1% at 36,119Nifty Midcap index up 0.2%Nifty Smallcap index up 0.8%India Volatility Index down 3.5% to 22.23Nifty FMCG index is the top sectoral laggard; down 1%Nifty Metal index down 0.8% while Auto index declines 0.5%PSU Bank index gains 0.9% while the Nifty I.T. index is up 0.7%IndusInd Bank is the top Nifty gainer; up 3.4%ITC is the top Nifty laggard; down 3.3%1,062 stocks on the NSE are trading with gains while 750 are declining.Laurus Labs Will Continue To Maintain Margin At 30%, Says CEO.Piramal Enterprises Stock Hits 52-Week High After Analysts Hike Targets.Ashok Leyland Stock Falls On Q3 Loss.Nifty up 14 points at 15,188Sensex up 0.1% at 51,590Nifty Bank up 80 points at 35,833Nifty Midcap index up 0.2%Nifty Small cap index up 0.6%India Volatility Index fell 1.7% to 22.66Nifty I.T. is the top sectoral gainer; up 1%Nifty FMCG is the top sectoral laggard; down 1.1%Nifty Metal down 0.7% while Nifty Realty gained 0.9%Wipro is the top Nifty gainer; up 2.5%ITC is the top Nifty laggard; down 4%1,024 stocks on the NSE trade with gains while 726 decline. Cyclical Stocks To Outperform For Few Quarters, Says Nippon India’s Manish Gunwani.Indian equities opened little changed on the final trading day of the week owing to lack of directional cues from the Asia Pacific and a muted close on Wall Street.The S&P BSE Sensex opened 0.2% higher at 51,614 while the NSE Nifty 50 index opened 0.1% higher at 15,186. As of closing on Thursday, both the benchmark indices were up 1.6% for the week.Most sectoral indices have also opened flat. The Nifty Pharma and Nifty Media indices have opened 0.6% higher while the PSU Bank and FMCG indices are up 0.3% each.Broader markets have had a mixed start to the session. The Midcap index moves in-line with the benchmarks, gaining 0.1% while the Smallcap index is outperforming, opening 0.6% higher..Good Morning!Indian equities ended higher on Thursday as gains in heavyweight Reliance Industries Ltd. and a few banking stocks offset weekly options expiry jitters.So far this week, the S&P BSE Sensex and the NSE Nifty 50 have gained 1.6% each.Futures, however, are indicating a subdued start to Friday’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 15,178 as of 7:55 a.m.ITC, Power Grid, ACC, Petronet LNG, among others, may react to their quarterly results reported after market closing on Thursday.Grasim is the only Nifty 50 constituent that will announce results on Friday, along with Apollo Hospitals, Bharat Forge, Cochin Shipyard, Delta Corp, Glenmark, Indiabulls Housing, Motherson Sumi, NALCO, Info Edge, among others.Trading in Asia remains restricted as markets remain shut on account of the Lunar New Year holiday. Japanese and Australian markets are trading lower.Oil prices fell after IEA cut its global oil demand forecast for 2021, while Bitcoin rose to another record after firms like Mastercard and BNY Mellon made it easier for customers to use cryptocurrencies..Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Sensex, Nifty Post Weekly Advance; Hindalco, Adani Ports Top Gainers

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Second Week Of Gains

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