Market Summary

Market falls in-line with global peers as financials are weak

Companies

Tata Motors (+1%) up as Tata Tech filed for IPO. NTPC (+1%) up as the company recorded an 11.93% growth in power generation at 364.2 billion units till February this financial year.

Sectors

Nifty PSU Bank (-2%) & Nifty Pvt Bank(-2%) fall as investors turn cautious after SVB’s 60% fall.

Market News

1.HUL board names Rohit Jawa next MD & CEO, to succeed Sanjiv Mehta (Business Standard)

2.Asian markets down as SVB concerns spread from Wall Street. (NDTV)

3.Flipkart cofounder in talks to invest $100-150 Mn in PhonePe: Report. (MoneyControl)

4.HAL (-1%) announces 200% interim dividend, fixes record date. (Economic Times)

5.Ajanta Pharma board nod for ₹315 cr share buyback. (The Hindu)

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