Mumbai, June 30: Sensex and Nifty rose by 18.5 percent and 19.8 per cent respectively in the quarter ending June, posting their greatest Quarterly earnings since June 2009 in sync with rise in global stocks as stimulus measures to tide over Covid-19 gained momentum on Tuesday.
For the quarter ending June, a total of Rs 25.68 lakh crore of investor wealth was created concerning inclusion to promote capitalization of listed stocks on the BSE.
On Tuesday, Sensex fell 0.13 percent or 46 points to close at 34,916 while Nifty dropped 0.10 percent or ten points to close 10,302.
Sixteen Sensex stocks closed lower. One of the top gainers were Maruti which went up by 2.77 percent, Nestle 2.63 per cent and ICICI Bank 2.42 per cent. One of the top winners were Power Grid which shed 1.88 per cent, Sun Pharma 1.84 per cent, Airtel 1.34 per cent respectively.
Broader market fell, BSE Midcap was down by 0.14 per cent while Little cap went down 0.75 per cent.
BSE Oil and Gas was the top sectoral loser as it drop 1.51 per cent, OMCs fell 1.95 per cent to 3.91 percent.
BSE Automobile was the top sectoral gainer since it travelled up 1.05 percent, Bosch climbed 4.19 percent and MRF 3.18 percent.
Raymonds slipped 3.4 per cent on disappointing Q4 results. The business reported a consolidated net loss of Rs 69.10 crore for the quarter ending March mostly as a result of Coronavirus lockdown. From the prior financial in Jan-March quarter, it had reported a net profit of Rs 67.70 crore.
Vodafone Idea and ONGC went ahead of earnings. ONGC dropped 1.21 per cent before quarterly earnings in the next half of their day.
It is expected to report upto 60 per cent drop in profit.
Vodafone Idea dropped 4.50 per cent ahead of its quarterly earnings statement. It’s expected to report losses and higher revenue sequentially for the quarter ending March — the first quarter if the ailing telecom major will reap the advantage of this tariff drops of uptown 40 percent that it had imposed in December.
RIL donated the most to Sensex’s decrease since it dropped 1.15 percent while HDFC Bank drop 0.99 per cent. FMCG Major ITC and TCS drop 1.32 percent and 0.93 per cent respectively.
Weakness caution prior to Prime Minister Narendra Modi’s speech to expansion and the Nation of lockdown in a couple of nations, in European market were the factors that weighed investors’ minds .
That increase was said by experts in new Coronavirus instances and throughout the world, boundary and political developments concerning China and India would be closely watched by investors in the coming days.
A spike of 18,522 Coronavirus instances in the past 24 hours took India’s tally of total infections to 5,66,840 even because the recovery rate rose 59.06 per cent. For the 2nd day there has been a decrease in Covid cases that are fresh. The death toll has gone up with 418 deaths at the previous 24 hours to 16,893.
