Nifty, Sensex may move sideways – Monday closing report
Moneylife Digital Team 11 October 2021
We had mentioned in Friday’s closing report that Nifty, Sensex may trend upwards. On Monday, the indices opened higher, touched record highs and ended with gains. On the NSE, there were 1,121 advances, 901 declines and 6 remained unchanged.
 
The trend of the major indices on Monday’s trading are given in the table below:
 
 
Tata Motors announced Q2 retail sales which were at 92,710 vehicles, down 18.4 percent than the 1,13,569 vehicles sold in the same quarter last year. Tata Motors share touched a fresh 52 week high and closed at 415.75 up over 8.57 percent.
 
Affle India has been granted two patents, related to the technology of ‘Creating decentralized repository of fraud IPs and publishers using Blockchain’ and ‘Click to install behaviour based detection of fraud’. 
 
Equitas Small Finance Bank reported rise in gross advances in Q2FY22 by 13 percent to Rs 18,981 crore (provisional) from Rs 16,731 crore in Q2FY21 and total deposits rose 40 percent to Rs 18,094 crore (provisional) from Rs 12,901 crore in the same period.
 
Icra revised the growth forecast of the auto component industry by 300 points citing the impact of semiconductor shortage.
 
Saregama reported its Q2 results, when net profit jumped by 17 percent to Rs 33.8 crore YoY. Revenue jumped 34.2 percent from 108.1 crore to 145.1 crore YoY.
 
Prestige Estates Projects announced its Q2FY22 results; it has registered the highest quarterly sales of Rs 2,112 crore, up 88 percent YoY.
 
Data from Association of Mutual Funds (AMFI) showed 33 percent increase in AUM driven by record SIP inflows of Rs 10,000 crore for the first time. 
 
IPO of Aditya Birla Sun Life AMC listed at Rs 715 on NSE against issue price of Rs 712.
 
TCS shares tanked more than 6 percent TCS reported a 29 percent YoY growth in consolidated net profits in Q2 results on Friday. The Tata Group company has also approved an interim dividend of Rs 7 per equity share for its shareholders.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
Comments
ganesanjaicare
6 days ago
Looks like adani power manipulated by keeping the share flat.entire power sector is flying.this stock past several months trading same price.definitely something is happening with the support of management.
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