In News

Stocks in News

Jammu & Kashmir Bank: The bank reported standalone profit at Rs 315.75 crore in Q4FY21 against loss of Rs 294.1 crore in Q4FY20, net interest income fell to Rs 917.42 crore from Rs 987.24 crore YoY.

Power Grid Corporation of India: The company reported higher consolidated profit at Rs 3,526.23 crore in Q4FY21 against Rs 3,313.47 crore in Q4FY20, revenue rose to Rs 10,510.23 crore from Rs 10,148.26 crore YoY. The company's board of directors recommended issue of bonus shares in the ratio of 3:1 (one new equity bonus share for every three existing equity share).

Tube Investments of India: The company reported higher consolidated profit at Rs 160.4 crore in Q4FY21 against Rs 59.76 crore in Q4FY20, revenue jumped to Rs 2,732.82 crore from Rs 1,031.01 crore YoY. The company approved fresh long-term borrowing of Rs 200 crore, to meet its requirement of funds during the financial year 2021-22, by way of issue of privately placed secured non-convertible debentures, in one or more tranches.

HealthCare Global Enterprises: The company reported higher consolidated profit at Rs 113.76 crore in Q4FY21 against Rs 50.44 crore in Q4FY20, revenue rose to Rs 297.04 crore from Rs 269.5 crore YoY.

Khadim India: The company reported consolidated profit at Rs 11.52 crore in Q4FY21 against loss of Rs 19.87 crore in Q4FY20, revenue rose to Rs 269.95 crore from Rs 158.2 crore YoY.

Mangalam Organics: CRISIL has reaffirmed long term rating for various credit facilities of the company at 'A-' and upgraded outlook to Positive from Stable.

Key Events

These are some of the main moves in markets:

Stocks

The S&P 500 was little changed as of 4 p.m. New York time

The Nasdaq 100 rose 1.3% to a record high

The Dow Jones Industrial Average fell 0.6%, falling for the fourth straight day, the longest losing streak since Jan. 27

The MSCI World index fell 0.5%, more than any closing loss since May 19

Currencies

The Bloomberg Dollar Spot Index rose 0.6%, climbing for the fifth straight day, the longest winning streak since March 23, 2020

The euro fell 0.8% to the lowest since April 9

The British pound fell 0.5% to $1.3921

The Japanese yen surged 0.4%, more than any closing gain since June 4

Bonds

The yield on 10-year Treasuries declined six basis points, more than any closing loss since June 4

Germany’s 10-year yield advanced five basis points, more than any closing gain since March 3

Britain’s 10-year yield advanced four basis points, more than any closing gain since June 3

Commodities

West Texas Intermediate crude fell 1.6% to $70.97 a barrel

Gold futures fell 4.7%, the most in about 10 months

Closing Index

 17 June 

BSE CLOSED @ 52323.23 ❌ 178.65 Points 

NSE CLOSED @ 15691.40 ❌ 76.15 Points 

BankNifty Closed 34605.40 ❌ 398.10 Points 

India VIX Closed 15.2875 ✅ 0.4225 Points.