Venky's (India) logo

VENKEYS - Venky's (India) News Story

₹3127.75 10.9  0.4%

Last Trade - 29/07/21

Consumer Defensives
Mid Cap
Market Cap £425.6m
Enterprise Value £417.3m
Revenue £301.0m
Position in Universe 511th / 3139

Indian shares close at record highs as services sector picks up in January

Wed 3rd February, 2021 10:00am
BENGALURU, Feb 3 (Reuters) - Indian shares ended at record
closing highs on Wednesday, extending a post-budget rally on
gains in financial stocks after a survey showed that the
country's dominant services sector picked up in January.
    The NSE Nifty 50 index  .NSEI  rose 0.97% to 14,789.95,
while the benchmark S&P BSE Sensex  .BSESN  was up 0.92% at
50,255.75. Both the indexes touched record intra-day highs
earlier in the session after rising as much as 1.5% and 1.46%
    The Nikkei/IHS Markit Services Purchasing Managers' Index
 INPMIS=ECI  rose to 52.8 in January from 52.3 in December,
staying above the 50-level mark separating growth from
contraction for the fourth straight month.*:nZRN000VNL
    Home loan provider Housing Development Finance Corp
 HDFC.NS  rose 1.7% and was the top boost to the index. 
    Gains in lenders HDFC Bank  HDBK.NS  and Axis Bank  AXBK.NS 
of 0.9% and 2.7% helped the Nifty Bank index  .NSEBANK  end the
day 1.4% higher.
    Venky's  VENK.NS , the country's biggest poultry producer,
jumped as much as 16% after swinging to a profit of 1.07 billion
rupees in the third quarter.*:nL4N2K9228
    Drugmaker Dr.Reddy's Laboratories  REDY.NS , which has a
partnership to distribute Russia's Sputnik V coronavirus vaccine
in India, ended the day 3.7% higher after the company said it
will seek emergency-use authorisation for the vaccine by next
    Personal care products maker Bajaj Consumer Care  BACO.NS 
rose 20% after its quarterly profit rose 17.5% to 573 million
    Shares in Future Retail  FRTL.NS  fell 5% after a court
blocked Future Group's retail asset sale to Mukesh Ambani-led
conglomerate Reliance Industries  RELI.NS  on objections raised
by U.S. e-commerce giant Inc  AMZN.O .
    That prompted Future to warn that if it is unable to sell
the assets, $4 billion in bank loans and debentures would be at
risk, pushing its retail unit into insolvency.*:nL4N2K91BQ

 (Reporting by Philip George in Bengaluru; Editing by Shailesh
Kuber and Maju Samuel)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.