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Stock Markets at a Glance:
Indian stock markets moved marginally up on Tuesday, with Nifty surging by 23.75 points and closing at 11896.8. While Sensex grew by 112.77 points and settled at 40544.37. Sector-wise, positive sentiment was seen in IT, Realty and Media. Nifty PSU Bank, Metal and FMCG ended in red.
India VIX, which measures volatility and fear in the market, was up by almost 4%.
Top Gainers/Losers in today’s stock market:
IT majors HCL Tech and Tech Mahindra along with Asian Paints, Bharti Airtel and HDFC Bank were the top gainers in Tuesday’s stock market. On the other hand, Britannia Industries, ONGC, GAIL, IOC and UPL were among the top losers.
DII/FII Data:
Today’s stock market DII/FII data was not updated on NSE website.
FMCG major HUL reported 8.6% jump in its net profit, announced dividend of Rs.14:
Hindustan Unilever Limited (HUL) posted net profit of Rs.1974 crore for the quarter ended on September, which is 8.6% more than its last year’s same quarter profit of Rs.1818 crore. Its revenue from sale of FMCG products also increased by 15.19% to Rs.11510 crore.
Company’s board declared an interim dividend of Rs.14 per share. In market, stock closed almost flat at Rs.2174.2 on NSE.
ACC Cement stock touches 52-week high mark over its Q3 Results:
ACC Cement, which follows January-December financial year pattern, posted Q3 consolidated net profit of Rs.363.85 crore. It is 20.26% higher than its last year same quarter’s profit of Rs.302.56 crore. The company posted Q3 revenue of Rs.3537.3 crore against last year’s revenue of Rs.3528.31 crore.
Company’s stock touched a new 52-week high mark at Rs.1622.1 during intraday and later closed at Rs.1577.5 on National stock exchange.
Quick Bytes:
- Equitas small finance bank IPO opens for subscription from today. It got subscribed over 85% in retail category on very first day.
- Mrs Bectors Food, biscuit maker company, files papers for Rs.550 crore IPO.
- LIC reduced stake in ICICI Bank from 10.15% to 8.87% during July-September quarter.
- DHFL zooms over 10% as its jailed promotor Kapil Wadhwan offers his personal and family properties, which he claims are of worth Rs.43000 crore, to repay outstanding loans of company.
- India is neglecting bank recapitalization despite pandemic, says former RBI deputy governor Viral Acharya. His comment came after government has decided to waive off ‘interest-on-interest’ for all loans up to Rs.2 crore during moratorium period.
- Q2 Results Today: Hindustan Unilever, Larsen & Toubro Infotech, Bombay Dyeing & Manufacturing, CCL Products, CRISIL, Continental Securities, DCM Shriram, Digicontent, Fischer Chemic, Gujarat Ambuja Exports, Granules India, Hindustan Zinc, Indo Cotspin, Indian Energy Exchange, JSW Ispat Special Products, Kajaria Ceramics, Ashika Credit Capital, Mahindra CIE Automotive, Maharashtra Scooters, Oriental Aromatics, Punjab Alkalies & Chemicals, Ramkrishna Forgings, Sayaji Hotels, Shiva Cement, Simplex Mills Company, Simplex Papers, Simplex Realty, Transglobe Foods and Websol Energy System.