[06/03 Market Update] Adani Enterprise (+6%) keeps its rally for 5th session
[06/03 Market Update] Adani Enterprise (+6%) keeps its rally for 5th session
Tribe Daily
Market Summary
Market closes higher but off intra-day highs
Companies
Adani Enterprise (+6%) keeps its rally for 5th session. Tata Motors (+3%) rises as February JLR sales come in 33% higher YoY. Britannia (-2%) Decline after CLSA downgrades rating to ‘sell'.
Sectors
Nifty Energy (+2%) rose due to the strong performance of ONGC, NTPC, & Power Grid. Nifty OILGAS (+2%) rose due to the strong performance of MGL, GSPL, & ATGL.
Market News
1.Rs 12,600 cr windfall gains! SBI made big bucks in 3 yrs of its investment in YES Bank. (Economic Times)
2.Retail vehicle sales surge 16% YoY in Feb: FADA. (Fortune India)
3.Centre saved $27 Bn in schemes using DBT method, says Economic Affairs Secy. (Economic Times)
4.Airtel rolls out 5G in 125 more cities, widens coverage to 265 urban locations. (Moneycontrol)
5.Olectra Greentech gets order from Telangana Road Transport for 550 electric buses. (CNBCTV18)
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