Equity MRK
Wednesday, August 04, 2021 1:56:00 PM  
Asian Paints  3017.20    (-0.33%)
 
Axis Bank  752.25    (1.86%)
 
Bajaj Auto  3829.20    (0.03%)
 
Bajaj Finance  6370.65    (0.67%)
 
Bajaj Finserv  14196.15    (-0.60%)
 
Bharti Airtel  578.20    (-0.34%)
 
Dr Reddy's Lab...  4780.15    (1.25%)
 
H D F C  2671.70    (4.61%)
 
HCL Technologi...  1039.40    (0.00%)
 
HDFC Bank  1471.45    (2.58%)
 
Hind. Unilever  2378.00    (-0.39%)
 
ICICI Bank  713.80    (3.44%)
 
IndusInd Bank  1027.15    (0.56%)
 
Infosys  1643.05    (-0.67%)
 
ITC  208.85    (-0.45%)
 
Kotak Mah. Ban...  1740.50    (3.19%)
 
Larsen & Toubr...  1617.95    (-0.93%)
 
M & M  768.65    (-0.23%)
 
Maruti Suzuki  7168.85    (-0.38%)
 
Nestle India  18101.00    (-1.02%)
 
NTPC  116.90    (-0.60%)
 
Power Grid Cor...  174.85    (0.23%)
 
Reliance Indus...  2105.50    (0.89%)
 
St Bk of India  457.75    (2.53%)
 
Sun Pharma.Ind...  782.90    (-1.50%)
 
Tata Steel  1417.00    (0.70%)
 
TCS  3274.50    (-0.29%)
 
Tech Mahindra  1218.90    (-0.58%)
 
Titan Company  1807.20    (-1.74%)
 
UltraTech Cem.  7772.00    (-0.97%)
 
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Mid Session Commentary
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Sensex, Nifty at day's high; breadth strong
(10:22, 22 Jul 2021)
Benchmark indices extended gains and hit fresh intraday high in morning trade, amid value buying after a recent steep correction. The Nifty scaled the 15,750 level.

At 10:20 IST, the barometer index, the S&P BSE Sensex, jumped 520.77 points or 1% at 52,719.79. The Nifty 50 index gained 146.35 points or 0.94% at 15,778.75.

In broader market, the S&P BSE Mid-Cap index surged 0.82% while the S&P BSE Small-Cap index was gained 1.35%.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 2242 shares rose and 703 shares fell. A total of 127 shares were unchanged.

COVID-19 Update:

Total COVID-19 confirmed cases worldwide stood at 191,951,455 with 4,126,444 global deaths.

India reported 409,394 active cases of COVID-19 infection and 418,987 deaths, according to the data from the Ministry of Health and Family Welfare, Government of India.

Results Today:

Hindustan Unilever (up 1.54%), UltraTech Cement (up 0.89%), Bajaj Auto (up 0.49%), Agro Tech Foods (up 5.55%), Biocon (down 1.2%), Can Fin Homes (up 1.35%), CSB Bank (down 1.27%), Heidelbergcement India (up 2.24%), Hindustan Zinc (up 1.02%), ICICI Lombard General Insurance Company (up 1.48%), Indian Energy Exchange (up 2.36%), IIFL Securities (up 1.91%), IndiaMART InterMESH (down 2.46%), Bank of Maharashtra (down 0.85%), Mahindra EPC Irrigation (down 1%), Mphasis (up 2.88%), Persistent Systems (up 1.6%), Music Broadcast (up 0.4%), Sterlite Technologies (up 4.95%) and Wockhardt (up 2.49%) will announce their quarterly earnings today.

Buzzing Index:

The Nifty Realty index jumped 2.93% to 400.55 and was a top gainer on NSE Sectoral Indices. The index rebounded after losing 2.53% in previous trading session.

Indiabulls Real Estate (up 4.27%), Brigade Enterprises (up 3.7%), Phoenix Mills (up 3.46%), Sunteck Realty (up 2.78%) and DLF (up 2.62%), Godrej Properties (up 2.58%), Mahindra Lifespace Developers (up 2.52%), Prestige Estates Projects (up 2.24%), Oberoi Realty (up 1.37%) and Sobha (up 0.58%) advanced.

Earnings Impact:

Gland Pharma soared 5.38% after the company's net profit jumped 11.81% to Rs 350.65 crore on 30.50% increase in revenue from operations to Rs 1,153.90 crore in Q1 FY22 over Q1 FY21. The growth in revenue was contributed from a mix of launch of new products and volume growth in existing products. The key markets, US, Canada, Europe and Australia registered a growth of 16% and accounted for 61% of the revenue during Q1 FY22. This performance is driven by growth of key products like Micafungin, Enoxaparin, Heparin, Dexmedetomidine and new product launches. Profit before tax surged 12.34% to Rs 471.84 crore in Q1 FY22 as against Rs 420 crore in Q1 FY21. The Q1 earnings was declared on Wednesday, 21 July 2021.

CRISIL jumped 4.31%. The credit rating agency recorded 51.9% increase in net profit to Rs 100.8 crore on 12% rise in income from operations to Rs 528.51 crore in Q2 June 2021 over Q2 June 2020. The board of CRISIL has approved the payment of interim dividend of Rs 8 per equity share for the financial year ending 31 December 2021, which will be paid on 18 August 2021.

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