[05/03 Weekly Market Update] Adani Ent (+43%) & Adani ports (+23%) are up after receiving positive news such as GQC buying stake in the group stocks
[05/03 Weekly Market Update] Adani Ent (+43%) & Adani ports (+23%) are up after receiving positive news such as GQC buying stake in the group stocks
Tribe Weekly
Weekly Market Summary
Friday’s gain helps the market turn positive for the week
Companies
Adani Enterprise (+43%) & Adani ports (+23%) are up after receiving positive news such as supreme court order, share-backed loans repay & GQC buying $1.87Bn stake in the group stocks.
Sectors
Nifty Realty (+8%) rose due to an improvement in demand and rising investments in industrial and household segments. Nifty IT (-2%) fall due to weak global cues.
Market News
1.India To Manufacture $300 Billion Electronic Goods By 2026. (NDTV)
2.Power Grid wins bid for two projects in Chhattisgarh (CNBCTV18)
3.RBI imposes a monetary penalty of Rs 3.06cr on Amazon Pay (India) for non-compliance of Prepaid Payment Instruments & KYC rules. (CNBCTV18)
4.Kansai Nerolac Board approves acquisition of 40% stake of Nerofix from Polygel (CNBCTV18)
5.Mahanagar Gas to acquire 100% of Unison Enviro for Rs 531cr (CNBCTV18)
Tribe Weekly
March 6: MCON Rasayan India IPO
March 7: Holi Holiday
March 8: SBI Life Insurance board meeting to discuss interim dividend. Marico interim dividend
March 9: IFL Enterprises board meeting to discuss interim dividend. Indowind Energy Ltd board meeting
March 10: HAL board meeting to discuss interim dividend. Release of data on Manufacturing output for Jan month.
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