[16/03 Market Update] BPCL (+6%) rose as Crude falls to a 15-month low
[16/03 Market Update] BPCL (+6%) rose as Crude falls to a 15-month low
Tribe Daily
Market Summary
Last-hour recovery helps market snap 5-day losing streak
Companies
BPCL (+6%) rose as Crude falls to a 15-month low. Asian Paints (+2%) rose due to a drop in oil prices. Hindalco (-5%) & Tata Steel (-3%) falls due to a fall in global base metal prices.
Sectors
Nifty Metal (-3%) fell due to a fall in global base metal prices. Nifty Media (+5%) rose due to the strong performance of Zee, Network18 & TV18 Broadcast. Nifty Realty (+1%) rose after DLF sold 1,137 flats in Gurugram for over Rs 8,000 cr & strong performance of PRESTIGE & IBREALEST
Market News
1.Zee (+10%) is set to repay IndusInd Bank $10 Mn to wrap Sony deal.(Cnbctv18)
2.Credit Suisse shares soar 40% after central bank lifeline. (Economic Times)
3.Man Industries (+4%) surges as company bags export order of Rs 1,300 cr. (Cnbctv18)
4.Eris Life (-1%) to acquire nine dermatology brands from DRL for Rs 275 Cr. (Cnbctv18)
5.DLF (+4%) confirms selling 1,137 apartments at the Gurugram project at Rs 7 cr per unit. (Cnbctv18)
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