Get App
Market Analysis 27-05-2021
The Sensex was up 97.70 points or 0.19% at 51115.22, and the Nifty was up 36.40 points or 0.24% at 15337.90. About 1657 shares have advanced, 1314 shares declined, and 121 shares are unchanged. Shree Cements, SBI, Axis Bank, Kotak Mahindra Bank and Wipro were among the top gainers on the Nifty, while losers included HDFC, ONGC, IOC, Bajaj Finance and HUL. Except Pharma and Energy, all other sectoral indices ended higher with Nifty Bank, IT and PSU Bank indices added 1-2 percent. BSE Midcap and Smallcap indices ended in the green.
Top Stories of the day:
Lupin: Lupin today announced the achievement of key milestones for Lupin’s MEK inhibitor compound (LNP3794) that is planned for development by Boehringer Ingelheim in combination as potential targeted therapy for patients with difficult-to-treat cancers.
TLC and Strides: TLC and Strides Pharma Science today announced that the Central Drugs Standard Control Organization (CDSCO) of India has approved TLC’s New Drug Application (NDA) of Amphotericin B Liposome for Injection 50mg (known as Ampholipad in Taiwan and AmphoTLCTM in India) for immediate importation per approved usage and indication, to aid in the country’s emergency of acute liposomal amphotericin B shortage, said Strides Pharma in press release.
Karnataka Bank: The company posted a net profit of Rs 31.36 crore in the quarter ended March 2021, up 14.83% from Rs 27.31 crore, in a year ago period. Yet, the share price slipped 8 percent intraday on May 27 a day after the company reported its March quarter earnings.
Burger King: The company reported a loss of Rs 25.94 crore in Q4 FY21 against a loss of Rs 37.41 crore in Q4 FY20. Revenue rose to Rs 196.05 crore from Rs 190.99 crore in year-ago. The share price declined 7 percent intraday on May 27 after the company reported its numbers for the quarter ended March 2021.
Closing bell:
Bank, IT stocks give Sensex 98-pt lift; Nifty ends May F&O series at 15,338; SBI climbs 3%, Bajaj Auto 2%.