[12/03 Weekly Market Update] Baja Auto (+2%) rise on the back of bullish brokerage commentary
[12/03 Weekly Market Update] Baja Auto (+2%) rise on the back of bullish brokerage commentary
Tribe Weekly
Weekly Market Summary
Market erases last week’s gains, Sensex & Nifty down more than 1% each
Companies
NTPC (+5%) as the company registers 11.93% growth in generation during FY23. Baja Auto (+2%) rise on the back of bullish brokerage commentary.
Sectors
Nifty PSE (+2%) up due to the good performance of GAIL, Hindustan Petrolium & NTPC. Nifty Realty (-3%) down due to week performance of Macrotech Developers, DLF, SOBHA, & Indiabulls Real Estate.
Market News
1.YCombinator-backed Indian start-ups are collateral damage in Silicon Valley Bank collapse. (Moneycontrol)
2.Oyo founder Ritesh Agarwal's father dies after falling from Gurugram building (CNBCTV18)
3.Godrej Industries plans to raise ₹1,000 cr via bonds. (The Hindu)
4.Inker Robotics secures $1.2 Mn funding (Moneycontrol)
5.HUL announces Rohit Jawa as new MD & CEO designate; here are his 5 principles of leadership (CNBCTV18)
Tribe Weekly
March 13: Global Surfaces IPO. GAIL Board Meeting to discuss Interim Dividend
March 14: India Wholesale Price Index (WPI) Inflation data release for YoY basis
March 15: Mishra Dhatu Nigam Ltd. board meeting to discuss interim dividend
March 16: European Central Bank interest rate decision
March 17: Bharat Electronics Ltd. board meeting to discuss interim dividend
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