Market Summary

Nifty gain for 3rd straight day to close at nearly 1-month high.

Companies

Tech Mahindra (+5%) surged ahead on the analyst call. ONGC (+6%) is up on positive brokerage note & exports duty cut.

Sectors

NIFTY IT (+1%) mirrors the NASDAQ move. Nifty Realty (+1%) rose due to gradual improvement in property demand.

Market News

1.Nestle (+2%) rose as Q4 profit rose by 65% to Rs 628 cr. (BQ Prime)

2.IndiGo (-4%) declined amid reports of a block deal. (Mint)

3.BEL (+3%) rose after the company signed an MoU with IAI for Lora Weapon System. (Business Standard)

4.Paras Defense (+1%) rose after the company signed an MoU with Yantra India. (Business Standard)

5.HAL, Bharat Forge, Saarloha ink MoU for producing aerospace-grade steel alloys. (BQ Prime)

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