[21/03 Market Update] HDFC Life (+4%) & Bajaj Finance (+3%) rose as Jefferies give a positive view
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[21/03 Market Update] HDFC Life (+4%) & Bajaj Finance (+3%) rose as Jefferies give a positive view
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Market Summary
Market sees relief rally led by financials, most Nifty Bank constituents higher
Companies
HDFC Life (+4%) & Bajaj Finance (+3%) rose as Jefferies give a positive view. HUL (-2%) fall as the company came under investigation over unpaid GST dues under the cross-charge mechanism.
Sectors
Nifty IT (-1%) slip on growth outlook concerns. Nifty FMCG (-2%) fell due to the weak performance of HUL, GodrejCP & Britannia. Nifty PSU Banks (+2%) rose as Jefferies give a positive view.
Market News
1.L&T hydrocarbon arm bags orders worth ₹5,000-7,000 Cr from overseas customers (The Hindu)
2.IndiaFirst Life Insurance gets SEBI approval for IPO. (BQ Prime)
3.Blue Star wins four orders worth ₹575 cr from West Central Railway, CORE, and Metro Railway, Kolkata. (CNBCTV18)
4.₹2,000 Cr equity deployed for 4 projects in Noida, Gurugram: Max Estates MD & CEO (Moneycontrol)
5.Elista to invest ₹250 Cr to set up a new facility in Andhra Pradesh (Moneycontrol)
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