Nifty, Sensex May Take a Breather– Thursday Closing Report
Moneylife Digital Team 13 January 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex head higher. On Thursday, the indices opened higher and ended with gain. On the National Stock Exchange (NSE), 1,077 stocks advanced, 956 declined, and 52 remained unchanged with advance decline ratio of 1.13.
 
The trend of the major indices on Thursday’s trading are given in the table below:
 
 
TCS’s Q3FY21-22 net sales were up by 16.35% to Rs 48,885 crore and the net profit was up by 12.27% to Rs 8,701 crore on a y-o-y basis. 
 
Mindtree’s Q3FY21-22 revenue increased by 6.3% to Rs 2750 crore and net profit was up by 9.7% on a q-o-q basis.
 
Reliance Industries (RIL) has signed an MoU (memorandum of understanding) with Gujarat government to invest Rs 5.95 lakh crore in green energy and other projects in Gujarat.
 
AB Money’s Q3FY21-22 revenue increased by 23.5% to Rs60.3 crore and net profit was up by 53.6% on a y-o-y basis. The stock closed 5% higher.
 
Vishal Fabrics stock closed 12% higher after announcement of result date. The board of directors will consider and approve Q3FY21-22 results on 27 January.
 
TVS Motors has partnered with Swiggy to provide electric vehicles for delivery services.
 
Pricol closed 8% higher after rating agency ICRA reaffirmed its stable outlook. 
 
Wipro closed 6% down after announcing Q3FY21-22 results which were below estimates.
 
Tata Motors global wholesales were up by 2% at 2,85,445 on a y-o-y basis in Q3FY21-22. 
 
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:
 
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