[18/03 Weekly Market Update] BPCL (+8%) rose due to Crude Oil prices falling to a 15-month low & change in the director
[18/03 Weekly Market Update] BPCL (+8%) rose due to Crude Oil prices falling to a 15-month low & change in the director
Tribe Weekly
Weekly Market Summary
Market records losses for 2nd straight week, frontline indices down 2% each
Companies
BPCL (+8%) rose due to Crude Oil prices falling to a 15-month low & change in the director. INDUSIND Bank (-11%) fell due to the Zee insolvency case.
Sectors
Nifty Realty (+1%) up due to rising demand for luxurious projects & strong performance of DLF. Nifty PSU Bank (-5%) & Nifty PVT Bank (-3%) down due to the global banking impact and effect of SVB bank failure.
Market News
1.BPCL raises Rs 935 Cr through the issue of NCDs to eligible investors. (CNBCTV18)
2.Federal Bank approves raising Rs 1,000 Cr through the issue of debentures. (CNBCTV18)
3.RBI imposes a Rs 5 lakh penalty on HDFC. (Economic Times)
4.Godawari Power & Ispat approves Rs 250 Cr share buyback via tender offer route. (CNBCTV18)
5.Cochin Shipyard wins Rs 550 Cr order for zero emission feeder container vessels from Samskip Group. (CNBCTV18)
Tribe Weekly
March 20: Udayshivakumar Infra IPO. HAL Interim Dividend of Rs 20/share record date
March 21: Hindustan Zinc, SBI Cards board meeting to discuss interim dividend
March 22: Magellanic Cloud Ltd. bonus issue in the ratio of 3:1
March 23: Indraprastha Gas Limited board meeting to consider a stock split.
March 24: Glenmark Life interim dividend of Rs 21/share record date
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