Benchmark indices that witnessed profit booking for the second day in a row, ended in the red as they were dragged by metals and financials.
Nifty went down by 1.50% or 218.45 points and closed below the 14,400-mark at 14,371.90 points, while S&P BSE Sensex slipped by 1.50% or 746.22 points and closed at 48,878.54 points. Around 960 shares advanced, 1,961 shares declined, and 132 shares remained unchanged.
Bajaj Auto (11.23%), Hero MotoCorp (3.99%), Eicher Motors (1.78%), Hindustan Unilever (1.45%), and UltraTech Cement (0.67%) were among the top Nifty gainers. In contrast, Axis Bank (4.48%), Asian Paints (4.25%), JSW Steel (3.97%), ICICI Bank (3.75%), and Hindalco Industries (3.74%) were amongst the top Nifty losers.
Nifty Bank, metals, and PSU shed over 3% each while energy, pharma, and infra sectors slipped by around 1% on the sectoral end. BSE Midcap and BSE Smallcap tripped by 1.19% and 1.04% respectively.
Mangalam Organics Ltd.
Mangalam Organics\u2019 stocks surged by 16.31% and traded at Rs. 555.75 after its net profit in the quarter ended December rose to Rs. 30 crores. The company\u2019s revenue during the following period increased to Rs. 108 crores.
Symphony Ltd.
Symphony Ltd\u2019s stocks declined by 4.89% and traded at Rs. 990.00 after the company\u2019s net profit fell by 47.1% and stood at Rs. 27 crores while the firm\u2019s revenue declined by 25.5% and stood at Rs. 216 crores.
Ramkrishna Forgings Ltd
The firm reported its Q3 FY21 results where the consolidated net profit was at Rs. 14.8 crores. The firm\u2019s consolidated revenue jumped by 41.8% to Rs. 402.9 crore. The stocks, however, declined by 3.19% and stood at Rs. 575.00.
Biocon Ltd.
Biocon\u2019s shares tripped 11.05% and traded at Rs. 393.10 after the company reported a decline of 18% in its consolidated net profit, which stood at Rs. 186.6 crores for the third quarter of FY21.
JK Tyre & Industries Ltd.
The firm\u2019s stocks went up by 19.97% and traded at Rs. 138.80 after the firm reported a multi-fold increase in its consolidated net profit. The consolidated net profit stood at Rs. 230.46 crores in the Q3 FY21 while the consolidated revenue from operations stood at Rs. 2769.28 crores.
Bajaj Auto Ltd.
Bajaj Auto\u2019s stocks rose by 11.23% to hit a 52-week high and traded at Rs. 4,119.25 after the firm clocked its highest-ever standalone profit. Bajaj Auto\u2019s standalone profit in the December quarter rose by 23% to Rs. 1556.28 crores.
Indian Rupee
Indian rupee ended flat at Rs. 72.97 against the U.S. Dollar as profit booking was witnessed in the domestic equity markets.
Global Markets end in the red
Asian and European markets slipped as investors took profit after a recent rally driven by hopes over additional stimulus aid by the U.S. President Joe Biden. FTSE 100 went down by 0.94%, FTSE MIB went down by 2.12%, and Nikkei 225 declined by 0.44% as Hang Seng tripped by 1.60%.
Mr. Aamar Deo Singh
Head Advisory, Angel Broking Ltd<\/p>\n","protected":false},"excerpt":{"rendered":"