Pilani Investment & Industries Corporation standalone net profit rises 61 50% in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Financials stocks were trading in green, with the S&P BSE Finance index increasing 5.97 points or 0.08% at 7053.13 at 09:48 IST. Among the components of the S&P BSE Finance index, Shriram Transport Finance Company Ltd (up 5.95%), Capri Global Capital Ltd (up 4.47%),Cholamandalam Investment & Finance Company Ltd (up 2.55%),Shriram City Union Finance Ltd (up 2.35%),Housing Development Finance Corporation Ltd (up 1.72%), were the top gainers. Among the other gainers were HDFC Bank Ltd (up 1.68%), Mahindra & Mahindra Financial Services Ltd (up 1.64%), Paisalo Digital Ltd (up 1.49%), Spandana Sphoorty Financial Ltd (up 1.33%), and Pilani Investment & Industries Corporation Ltd (up 1.32%). On the other hand, RBL Bank Ltd (down 5.77%), Nippon Life India Asset Management Ltd (down 5.48%), and Dewan Housing Finance Corporation Ltd (down 4.94%) turned lower.
Market gains 2% in a week on continuous FII support, progress on COVID vaccine
In the month of December 2020, FIIs bought equities worth Rs 48,223.94 crore and DIIs sold equities worth of Rs 37,293.53 crore. January 02, 2021 / 11:24 AM IST Benchmark indices ended the last week of the year 2020 with a gain of 2 percent on the back of positive cues including sustained FII inflows, progress on Covid vaccine, better GST collection, December auto sales numbers and a consistent declining Covid cases. Last week, BSE Sensex jumped 895.44 points or 1.90 percent to end at 47,868.98 and while the Nifty50 was up 269.25 points or 1.95 percent to finish at 14,018.50 levels. IN the year 2020, the Sensex rose 15.7 percent, while Nifty added 14.9 percent.
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 30.48 points or 0.46% at 6642.41 at 13:48 IST. Among the components of the S&P BSE Finance index, IDBI Bank Ltd (down 11.81%), Satin Creditcare Network Ltd (down 4.99%),Reliance Capital Ltd (down 4.95%),Indostar Capital Finance Ltd (down 4.88%),Dewan Housing Finance Corporation Ltd (down 4.87%), were the top losers. Among the other losers were IIFL Wealth Management Ltd (down 3.55%), Indian Overseas Bank (down 3.27%), Punjab National Bank (down 3.08%), JSW Holdings Ltd (down 3.07%), and Pilani Investment & Industries Corporation Ltd (down 3.05%). On the other hand, Spandana Sphoorty Financial Ltd (up 7.41%), Canara Bank (up 6.45%), and Bandhan Bank Ltd (up 3.45%) moved up.