Post Market Analysis 17-06-2021

Manoj Kumar June 17, 2021

Indian Stocks had traded lower on June 17, led by led by IT and finance stocks. Sensex down by 178.65 points to 52,323.33. The Nifty down by 76.15points to 15,691.40.

Crude oil prices dipped on Thursday as a stronger U.S. dollar brought them off multi-year highs, but losses were limited by an enormous drop by U.S. crude oil inventories.

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Lupin: The major pharma giant gets US FDA approval for Sevelamer Hydrochloride tablets. The product will be manufactured at Lupin’s Nagpur facility.

Federal Bank: Private sector Federal Bank on Wednesday said its board has approved issuing equity shares to International Bank for Reconstruction and Development arm International Finance Corporation and associates for over Rs 916.25 crore. The board also decided to boost up to Rs 4,000 crore by issuing equity shares or other instruments through various modes.

DB Corp: The company posted consolidated net profit at Rs 62 crore versus Rs 24 crore and revenue was down 6.2% at Rs 456.6 crore versus Rs 496.6 crore.

Bajaj Finance: The debenture allotment committee of Bajaj Finance has allotted 20900 Secured redeemable non-convertibles debentures aggregating to Rs 4,480 crore.

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Manoj Kumar June 17, 2021

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