Indices at previous closing
Nifty50: 15,683 ▼-8 (-0.0%)
Sensex: 52,344 ▲+21 (+0.0%)
Nifty Bank: 34,558 ▼-47.4 (-0.1%)
In the news
Tax write-back boosts NTPC’s Q4 profit
- State-owned power generation company NTPC reported a 185% year-on-year rise in its consolidated net profit for the March quarter at ₹4,649 crore. During the quarter, the company wrote back excess tax provisions worth ₹1,889 crore, which boosted profits even though revenue from operations remained nearly flat at ₹30,102 crore.
- In Q4FY21, the company recorded a 14% rise in gross power generation as compared to the same period last year. Meanwhile, the stock declined 3.1% on Friday, but the results were declared after market hours.
GMR Infra’s losses narrow
- GMR Infrastructure, which runs the Delhi and Hyderabad airports, narrowed its net loss to ₹725 crore in Q4. In comparison, it had suffered a loss of ₹1,127 crore in March 2020.
- Meanwhile, its net revenue rose by 14% year-on-year to ₹2,071 crore. The management said that after the second wave dented its business, its airports are experiencing a turnaround in traffic since the last week of May and the recovery has continued in June.
Alt Balaji’s subscription base grows
- Balaji Telefilms’ digital platform Alt Balaji reported a 42% growth in its subscription base in FY21. However, its consolidated loss widened to ₹39.8 crore in Q4 from ₹19.8 crore in March 2020.
- Meanwhile, its revenue dropped by 31% year-on-year, while the cost of production and marketing increased in the March quarter. Shares of Balaji Telefilms were up 0.3% on Friday.
Jio outperforms peers in March
- Reliance Jio added 7.3 million regular paying subscribers in March, according to the data released by TRAI. The company not only outperformed its peers but also snapped the two-month-long decline.
- During the same period, Bharti Airtel added 4.8 million active users, while Vodafone Idea lost 0.4 million such subscribers. The shares of Bharti Airtel and Vodafone Idea were up 2.2% and 10.5% on Friday.
Sectoral indices (18 June)
| Top gainers | Top losers |
| Nifty FMCG ▲ 0.2% | Nifty PSU Bank ▼ 1.7% |
| Nifty Fin Service ▲ 0.0% | Nifty Metal ▼ 0.9% |
Global markets (at 8:00 am)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.2% |
| Nikkei 225 (Japan) | ▼ 3.3% |
| Hang Seng (Hong Kong) | ▼ 1.0% |
| SSE Composite (China) | ▲ 0.0% |
| Dow Jones (US) (18 June) | ▼ 1.5% |
Fact of the day
North Korea and Cuba are the only two countries in the world where you can't buy Coca-Cola.
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