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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