Succumbing to lacklustre global sentiments, domestic indices failed to gain ground oscillating between gains and losses in today’s rough session.
Tata Steel, down 3.5 per cent, was the top loser among the Sensex 30 stocks, followed by Tech Mahindra, HCL Technologies, IndusInd Bank, Reliance, Dr.Reddy’s, PowerGrid Corporation, Nestle India and Asian Paints.
The BSE Midcap index was up 0.6 per cent at 25,869, and the Smallcap index surged 1.1 per cent to 28,607.
Indian pharmaceutical major, Sun Pharmaceutical Industries, declared a profit after tax of Rs 2,047 crore for the quarter ended in September, up 12.9 per cent compared to Rs 1,813 crore reported in the same quarter in 2020.
HPCL, on the other hand, reported a 7.2 percent jump in the September quarter standalone net profit at Rs 1,923.51 crore.
Dabur, too, reported a 5 per cent YoY rise in consolidated net profit at Rs 505.3 crore and a 12 per cent YoY growth in revenue at Rs 2,817.6 crore.
As regards the initial public offers, Fino Payments Bank closed the issue with nearly 2 times subscription.
Separately, logistics startup Delhivery filed its Draft Red Herring Prospectus with Sebi, for an issue size of Rs 7,460 crore.
Further, Sapphire Foods India, which operates KFC and Pizza Hut outlets, on Tuesday said it has fixed a price band of Rs 1,120-1,180 a share for its Rs 2,073-crore initial public offering .
Coming to Wednesday’s trading session, markets will eye the outcome of the US Federal Reserve’s two-day monetary policy meeting.
According to analysts, SBI’s Q2 profit may nearly double on a yearly basis to Rs 9,263.3 crore on the back of healthy net interest margin, recovery from DHFL, and lower loan provisioning.
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