The market looked a bit nervous today ahead of the US Fed’s outcome. The market took a break on the rise of 4 days. While metal stocks saw the biggest sell-off, mid and small cap stocks also remained under pressure. Nifty fell 102 points to 15,768 and Sensex closed near 35 thousand, down 275 points. Along with this, a decline of 244 points was recorded in Nifty Bank. Midcap has closed 256 points lower at 27,109. Metal stocks were the top sellers.
Midcap, smallcap stocks also remained under pressure. Realty, pharma and banking stocks also declined. There was buying in FMCG and IT stocks. The FMCG index closed at a record high.
The biggest movement in these stocks today
LIC Housing Finance | CMP: Rs 493.50 | The weak results of the fourth quarter showed its impact on this stock today and it closed down more than 5 percent. For the quarter ended March 31, 2021, the company’s profit has seen a decline of 5 percent. The number of provisioning and bad loans of the company has increased during this period. However, interest income has grown by 33 per cent year-on-year.
Jubilant Foodworks | CMP: Rs 3,221.20 | In the fourth quarter, the company’s profit has jumped almost three times to Rs 105.30 crore. The effect of this news was visible on this stock today and it managed to gain about 1 percent.
Adani Ports | CMP: Rs 702 | Adani Group’s troubles do not seem to be over. Adani Ports is still about 7 percent broken. Fitch Ratings has maintained the long-term foreign-currency issuer default rating (IDR) of Adani Port as BBB- with a negative outlook.
Whirlpool | CMP: Rs 2,270 | In the fourth quarter, the company’s profit jumped 40.84 per cent year-on-year to Rs 130.06 crore. Despite this, there was pressure on this stock today and it slipped up to 3 percent.
RITES | CMP: Rs 273.50 | The impact of weak fourth quarter results was visible on this stock today and it weakened by 3 per cent. For the quarter ended March 31, 2021, the company’s profit declined 1.6 per cent year-on-year to Rs 141.5 crore. At the same time, there has been an increase of 11.4 percent in income on a yearly basis.
KEC International | CMP: Rs 403 | The stock remained bullish today on the news of fresh orders worth Rs 937 crore and managed to gain over 2 per cent.
Asahi India Glass | CMP: Rs 328.60 | The stock is down 3% today. The company’s profit in the fourth quarter stood at Rs 84.73 crore, up 51.79 per cent year-on-year. Which was Rs 55.82 crore in the same period last year.
KPI Global Infrastructure | CMP: Rs 64.60 | The company has entered into a Long Term Power Purchase Agreement (PPA) with Polycab India, Vadodara for the sale of 5.70 MW of solar power. Due to this news, the stock jumped 18 per cent today.
Hindustan Organic Chemicals | CMP: Rs 42.75 | The company turned profit from loss in the fourth quarter. The company has made a profit of Rs 7.5 crore during this period. Due to this news, the stock jumped 3 per cent today.
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