Post Market Analysis 16-08-2021

Indian Indices closed higher as metal stocks and FMCG shares gained on Monday. The Sensex closed 0.26% higher at 55,582.58 and Nifty closed 0.21% up at 16,563.05.

Among sectoral indices Nifty Metal advanced 1.48%, Nifty FMCG gained 0.3% and Nifty Energy was up 0.55%. Tata Steel jumped 3.95% and Bajaj twins were top gainers. RIL also rose 1.30%.

On the macro economic front, India’s annual wholesale price inflation eased to 11.16% in July from June’s 12.07%, as cost of fuel and food items rose at a slower pace, according to government data.

Earnings Update

EaseMyTrip: Online travel firm posted a multi-fold jump in consolidated net profit to Rs 15.42 crore in Apr-Jun quarter, from a net profit of Rs 2.49 crore for the corresponding period of the previous fiscal year. Total income stood at Rs 34.75 crore in the quarter, as against Rs 12 crore in the year-ago period. Revenue of the air passage segment stood at Rs 18.87 crore as against Rs 3.50 crore in the same period last year.