Nifty, Sensex under pressure – Monday closing report
Moneylife Digital Team
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We had mentioned in previous week’s closing report that Nifty, Sensex may move sideways. On Monday, the major indices opened high but declined and ended with losses. On the NSE, there were 420 advances, 1,512 declines and 311 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
HDFC Bank standalone profit for the Oct-Dec 2020 quarter (Q3FY21) grew 18% YoY (year-on-year) to Rs 8,758.3 crore. Net interest income grew by 15.1% YoY to Rs 16,317.6 crore.
IndiaMART Intermesh reported 29% YoY rise in net profits for Q3FY21 at Rs 80.2 crore compared to Rs 62 crore. Revenue grew 9% YoY to Rs 198 crore compared to Rs 181.5 crore.
GRAVITA s association with Korea Zinc
Posted On: 2021-01-17 22:20:27 (Time Zone: Arizona, USA)
Gravita India Limited, a leading recycling company having a global procurement and manufacturing presence is glad to inform that the company has signed an annual agreement with Sorin Corporation, a subsidiary of Korea Zinc Co Limited-for supplying of approx 8,000 MT of refined lead to be executed in calendar year 2021, which at current lead prices would be an approximate contract value of INR 125 Cr.
Korea Zinc is a world s leading non-ferrous metal smelting company that has served as a foundation for the growth of the base metal industry in Korea. Established in 1974, it produces about 1.2 million tons out of various types of non-ferrous metals from zinc to lead, gold, silver, copper as well as rare materials such as indium. Sorin Corporation has its presence largely in South East Asian countries like Vietnam, Japan, South Korea, Philippines and India.