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Nifty, Sensex may remain subdued – Wednesday closing report
Moneylife Digital Team
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We had mentioned in Tuesday’s closing report that Nifty, Sensex rally may pause for a breath. On Wednesday, the indices opened lower and suffered a minor loss. On the NSE, there were 1,097 advances, 860 declines and 68 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Indian Oil Corporation net profit rose 78.6% YoY to Rs 8,781 crore against Rs 4,916.6 crore. Sales grew barely to Rs 1.19 lakh crore from Rs 1.18 lakh crore YoY.
Adani Green Energy plans to acquire the 5 GW renewable power portfolio from SB Energy for a fully completed enterprise evaluation (EV) of USD 3.5 billion.
Resident associations, builders pitch in to nurse Covid patients
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With the healthcare system coming under pressure as the country battles the second wave, Resident Welfare Associations (RWAs) and some builders are pitching in by setting up Covid care centres in collaboration with health professionals. In fact, some malls have also collaborated with local authorities for vaccination drives.
Such facilities are being equipped with oxygen cylinders and concentrators to help Covid patients with mild symptoms.
Real estate developer M3M Grouphas collaborated with Indian Air Force to set up a 150-bed Covid Care Centre at Gurugram to provide food and medical facilities, including oxygen, at one of its apartment complexes.