Market Summary

Nifty edged higher for the second consecutive session.

Companies

Apollo Hospital (+5%) rose after the hospital chalked out a Rs 3,000 cr capex plan to add 2,000 new beds to its existing capacities.

Sectors

Nifty Realty (+1%) rose due to strong performance of Prestige Estate, Brigade Enterprise, DLF, Godrej Properties and Oberoi Realty. Nifty IT (+1%) rose due to strong performance of Tech Mahindra, HCL Tech, TCS, Wipro, and L&T Technology. Nifty Auto (+1%) rose due to strong performance of Eicher Motors, TVS Motor, Bosch, M&M and Hero Motocorp.

Market News

1.Torrent Power (+10%) rose due to stellar Q3 results. (Money Control)

2.Bharat Forge (-4%) declined as Q3 net profit plunged by 81% to Rs 78.72 cr. (Business Standard)

3.Eicher Motors (+4%) rose as Q3 consolidated net profit zoomed over 62% to Rs 740.84 cr.(Money Control)

4.Vedanta cuts debt by $ 2 Billion to soothe investors' concerns over the ability to repay upcoming obligations. (Zee Business)

5.Siemens (+3%) rose as Q1 profit zoomed to Rs 463 cr. (BQ Prime)

Market Sentiment

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