Nifty, Sensex Weak But Lack Trigger - Monday Closing Report
Moneylife Digital Team 06 May 2024
On Monday, 1294 stocks advanced, 2628 declined and 172 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.49, indicating a negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below:
 
 
On NSE, 140 securities advanced and closed at a new 52-week high whereas 21 securities sank to close at their new 52-week lows. 
 
In sectoral indices, Nifty IT, Nifty FMCG and Nifty Pharma were among the biggest gainers. Nifty PSU Bank, Nifty Media and Nifty Energy were among the biggest losers. 
 
HCL Technologies (+0.89%) has entered into a global strategic collaboration agreement with Amazon Web Services (AWS) to accelerate GenAI-led enterprise digital transformation.
 
Vinati Organics (-0.58%) has subscribed to the additional 5,80,58,500 fully paid-up equity shares of the face value of Rs10 each at par by way of subscription towards the rights issue of Veeral Organics, its wholly owned subsidiary.
 
Gulshan Polyols (+3.31%) has been granted with a ‘Consent to Operate’ (CTO) under section 25 of the Water (Prevention & Control of Pollution) Act, 1974 and under section 21 of the Air (Prevention & Control of Pollution) Act, 1981 from Pollution Control Board, Assam for its Ethanol Plant (Grain based) unit at Goalpara, Assam.’
 
Caplin Point Laboratories (+0.10%) has received Colombia's INVIMA approval for its Softgel Capsules division at Puducherry.
 
Adani Ports and Special Economic Zone (APSEZ) (-2.44%) is eyeing the Philippines' Bataan province to develop a port. APSEZ is planning to open a port in the Philippines due to the nation's stable leadership and environment. It plans to develop a 25-meter deep port that can accommodate Panamax vessels. 
 
Goa Carbon (-2.96%) has temporarily shut down operations at the company's Paradeep Unit, in Odisha.
 
Tata Steel’s (+0.57%) subsidiary -- Tata Steel Special Economic Zone (TSSEZL) and HHP Five (Hygenco) have inked a memorandum of understanding (MoU) to establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district.
 
Amber Enterprises India (+1.99%) has acquired 50% stake through primary investment in equity share capital of Resojet (JV Company) - A part of LCGC Resolute Group, Hyderabad.
 
VA Tech Wabag (-1.33%) has launched ‘Blue Seed’ a pioneering initiative designed to foster innovation and support emerging start-ups in the water sector.
 
Craftsman Automation (-1.50%) has entered into definitive agreement to acquire the remaining 24% of equity share capital of DR Axion India, a material subsidiary of the company.
 
Results Update: 
 
Indian Bank (-1.29%): Net Sales was Rs14,633  crore in Q4FY23 up 10% YoY (Rs12,255 crore). Net Profit was Rs2,296 crore in Q4FY23 up 51% YoY (Rs1,520 crore).
 
Cartrade Tech (+8.17%): Net Sales was Rs145 crore in Q4FY23 up 52% YoY (Rs95.9 crore). Net Profit was Rs25.0 crore in Q4FY23 up 41% YoY (Rs17.5 crore).
 
Arvind (-0.43%): Net Sales was Rs2,075 crore in Q4FY23 up 10% YoY (Rs1,881 crore). Net Profit was Rs104 crore in Q4FY23 up 16% YoY (Rs97.3 crore).
 
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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