[08/03 Market Update] IndusInd Bank (+5%) surges on reports of RBI likely to approve CEO reappointment for 3 years
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[08/03 Market Update] IndusInd Bank (+5%) surges on reports of RBI likely to approve CEO reappointment for 3 years
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Market Summary
Market recovers from lows to close near day’s high
Companies
IndusInd Bank (+5%) surges on reports of RBI likely to approve CEO reappointment for 3 years. Bajaj Finance (-2%) declined as ambit today initiates coverage with a sell call.
Sectors
Nifty PSE (+1%) rose due to the strong performance of HAL, BHEL & PFC & the majority of its constituents flashing new breakouts on charts. Nifty Realty (-1%) fell due to a weak market. Nifty AUTO (+1%) rose due to the strong performance of BOSCH, Bajaj Auto, Mahindra & Eicher Mot.
Market News
1.Cholamandalam (-1%) mulling takeover of Aptus Value Housing. (CNBCTV18)
2.SBI (+1%) raises Rs3,717 cr via AT-1 bonds at 8.25% with a 10-yr call option. (Business Standard)
3.Digital lending platform Mintifi raises $110 Mn in Series D from Premji Invest, others. (Money Control)
4.India imposes money laundering provisions on cryptocurrency sector. (Business Standard)
5.Shyam Metalics (+1%) eyes $1 bn in revenue from stainless steel business. (Business Standard)
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