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25
October 2018
I had
mentioned in Wednesday’s closing report that Nifty, Sensex might head higher a
bit. The major indices of the Indian stock markets suffered a correction on
Thursday and closed with losses over Wednesday’s close. On the NSE, there were
603 advances, 1,118 declines and 340 unchanged. The trends of the major indices
in the course of Thursday’s trading are given in the table below:
Negative
global cues along with a weak rupee led the key domestic equity indices in the
negative territory, on Thursday. Consequently, the barometer Sensex slipped
below the 34,000-mark and the NSE's Nifty50 also dropped below the
psychological 10,200 point mark. Except for IT (information technology), oil
and gas counters, all the sectors witnessed selling pressure led by banking,
finance and healthcare stocks. The domestic currency was trading at Rs73.30 to
a US dollar from its previous close of 73.15. Also, the crude oil prices
continued to ease at around $75.76 a barrel.
Maruti
Suzuki reported Q2 FY19 consolidated results with total revenue at Rs22,433.2
crore (Rs21,768.2 crore in the same period a year ago), up 2.96%
year-on-year. Profit after tax was at Rs2,240.4 crore (Rs2,484.3 crore in the
same period a year ago), down 9.8% year-on-year. Earnings per share were at
Rs74.17, down from Rs82.24 in the same period a year ago. The company’s shares
closed at Rs6,725.00, down 0.64% on the NSE.
BHEL
reported Q2 FY19 standalone results with income from operations at Rs6,606.90
crore (Rs6,168.36 crore in the same period a year ago), up 7.1% year-on-year.
Net profit was at Rs185.17 crore (Rs115.42 crore in the same period a year
ago), up 60.4% year-on-year. Earnings per share were at Rs0.50 (Rs0.31in the
same period a year ago). BHEL shares closed at Rs69.90, down 7.97% on the NSE.
Varun
Beverages reported Q2 FY19 consolidated results with revenue at Rs1,204.4 crore
(Rs988 crore in the same period a year ago), up 21.9% year-on-year. Net profit
was at Rs42.2 crore (Rs32.8 crore in the same period a year ago), up 28.7%
year-on-year. Earnings per share were at Rs2.31 (Rs1.80 in the same period a
year ago). The company’s shares closed at Rs761.00, up 1.38% on the NSE.
Bharti
Infratel reported Q2 FY19 consolidated results with revenue at Rs1,720.2 crore
(Rs1,658.7 crore in the same period a year ago), up 3.7% year-on-year. Profit
after tax was at Rs599.8 crore (Rs638.4 crore in the same period a year ago),
down 6% year-on-year. Earnings per share were at Rs3.24 (Rs3.45 in the
same period a year ago). The company’s shares closed at Rs264.50, up 0.47% on
the NSE.
L&T
Finance Holdings reported Q2 FY19 consolidated results with total revenue at
Rs3,246.30 crore (Rs2,596.72 crore in the same period a year ago), up 25%
year-on-year. Net profit was at Rs560.41 crore (Rs337.53 crore in the same
period a year ago), up 66% year-on-year. Earnings per share were at Rs2.81
(Rs1.85 in the same period a year ago). The company’s shares closed at
Rs119.00, down 6.08% on the NSE.
Larsen
& Toubro Infotech reported Q2 FY19 consolidated results with revenue at
Rs2,331.2 crore (Rs1,750.8 crore in the same period a year ago), up 33.2%
year-on-year. Net profit was at Rs400.1 crore (Rs272.6 crore in the same period
a year ago), up 46.8% year-on-year. Earnings per share were at Rs23.14 (Rs15.95
in the same period a year ago). The company’s shares closed at Rs1,640.10, down
1.11% on the NSE.
M&M
Financial reported Q2 FY19 standalone results with revenue at Rs2,103.26 crore
(Rs1,517.38 crore in the same period a year ago), up 38.6% year-on-year. Net
profit was at Rs381.39 crore (Rs164.01 crore in the same period a year ago), up
132.5% year-on-year. Earnings per share were at Rs6.21 (Rs2.90 in the same
period a year ago). The company’s shares closed at Rs408.00, up 1.75% on the
NSE.
Wipro
reported Q2 FY19 consolidated results with revenue at Rs14,541 crore
(Rs13,423.4 crore in the same period a year ago), up 8.3% year-on-year. Net
profit was at Rs1,889 crore (Rs2,191.8 crore in the same period a year ago),
down 13.8% year-on-year. Earnings per share were at Rs4.19 (Rs4.52 in the
same period a year ago). The company’s shares closed at Rs318.15, up 3.03% on
the NSE.
Interglobe
Aviation reported Q2 FY19 standalone results with revenue at Rs6,185.3 crore
(Rs5,290.0 crore in the same period a year ago), up 16.9% year-on-year. Net
loss was at Rs652.1 crore (Rs551.5 crore in the same period a year ago).
Earnings per share were at a negative value of Rs16.96 (negative value of
Rs15.19 in the same period a year ago). The company’s shares closed at
Rs884.00, up 8.23% on the NSE.
Oriental
Bank reported Q2 FY19 results with Net Interest Income (NII) at Rs1,274.83
crore (Rs1,251.73 crore in the same period a year ago), up 1.8% year-on-year.
Net profit was at Rs101.74 crore (loss of Rs17,49.90 crore in the same period a
year ago). Provisions were at Rs832.03 crore (Rs3,146.92 crore in the same
period a year ago). Gross non-performing assets (GNPA) were at 17.24% (16.30%
in the same period a year ago). Net non-performing assets (NNPA) were at 10.07%
(9.44% in the same period a year ago). Oriental Bank shares closed at Rs66.35,
up 6.33% on the NSE.
NBCC
has received LoA (letter of assurance) worth Rs902 crore from Ministry of
Health & Family Welfare, Government of India for Planning, Designing, &
Construction of AIIMS, Deoghar, Jharkhand under Pradhan Mantri Swasthya
Suraksha Yojana (PMSSY). NBCC India shares closed at Rs54.55, up 2.44% on the
NSE.
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:
 |
Major Indices (The Total
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