Market Summary

Market rises for 2nd straight day amid volatility, financials top gainers.

Companies

Hindalco (+3%) rose as China cut the reserve requirement ratio by 25 bps. Eicher Motors (-2%) falls due to subdued demand.

Sectors

Nifty Realty (+3%) rose on rising demand for luxurious projects. Nifty Metal (+2%) up due to a rise in metal stocks as China cut the reserve requirement ratio by 25 bps.

Market News

1.PhonePe raises $200 Mn in additional funding from Walmart. (The Hindu)

2.Va Tech Wabag bags ₹800 Cr order from Dhaka WASA. (The Hindu)

3.HAL stock rises over 4% after govt approves ₹70,500 Cr defence proposals. (Economic Times)

4.Zee Entertainment calls report of $10 Mn repayment 'speculative'. (Business Standard)

5.HDFC To Consider ₹ 57,000 Cr Fund Raise By Issuing Debt. (NDTV)

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