Domestic stock markets lost their early gains today and fell for the third consecutive day. In today’s trading, PSU Bank, auto, oil & gas and power stocks saw gains. On the other hand, metal, IT, energy and FMCG shares closed in the red.
Bank Nifty saw a rise in today’s trading and closed at a record high. Bank Nifty closed up 600 points from the bottom. 10 out of 12 stocks of Bank Nifty closed on the rise. At the end of trading, the Sensex closed at 60,923.50, down 336.46 points, or 0.55 per cent. On the other hand, Nifty closed at 18,178.10, down 88.50 points or 0.48 per cent.
Asian Paints | CMP: Rs 3,015 | After the weak second quarter results, the stock is down 5 percent today. In the second quarter of the financial year 2021-22, the company’s profit has declined by 29 per cent year-on-year and it has come down to Rs 605 crore from Rs 852 crore last year.
L&T Finance Holdings | CMP: Rs 85.35 | Today this stock has also seen a fall of more than 6 percent. The company’s results in the second quarter were weak. The company’s profit during this period has seen a decline of 15.5 percent. And it has come down to Rs 224.03 crore from Rs 265.12 crore in the corresponding period last year.
Tata Motors DVR | CMP: Rs 255.55 | The stock has rallied 10 per cent today amid reports of stake increase by veteran investor Rakesh Jhunjhunwala. Rakesh Jhunjhunwala increased his stake in the company to 3.93 per cent in the September quarter.
CG Power | CMP: Rs 140 | On the back of good results, today the stock has run more than 2 per cent. The company’s profit in the September quarter jumped 72 per cent to Rs 188.1 crore.
IDBI Bank | CMP: Rs 55.65 | Today this stock has also seen a fall of 2 percent. However, in the second quarter, the bank’s profit has increased by 74.8 percent to 567.1 crores, which was around Rs 324 crores in the same period last year.
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Bank of Maharashtra | CMP: Rs 22.20 | Today the stock has gained 6 per cent on the back of good results. The company has seen a two-fold increase in its profit in the September quarter. And it has increased from Rs 130 crore to Rs 263.7 crore on an annual basis. The interest income of the bank has also seen a growth of 35.8 per cent in this period.
Havells India | CMP: Rs 1,288.50 | The company’s results in the second quarter were weak. Due to this, the stock has seen a decline of 8 percent today. In the second quarter, the company’s profit declined by 7.34 per cent to Rs 302.39 crore.
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