[23/02 Market Update]Hindalco (+2%) rose as the company is planning to buy Rs 3,000 cr aluminium recycle unit.
Nifty declined marginally as Investors were concerned about high inflation and interest rate hike.
Hindalco (+2%) rose as the company is planning to buy Rs 3,000 cr aluminium recycle unit. Axis Bank (+2%) rose after the bank enabled cross-border transactions in real-time via UPI.
Nifty PSU Bank (+1%) rose due to improvement in asset quality and deposits, reversal of treasury losses, and pick-up in credit growth. Nifty FMCG (+1%) rose due to a recovery in rural demand.
1.Spice Jet (-1%) declined due to stake sale news. (Mint)
2.NSE got SEBI's final approval to launch Social Stock Exchange. (Money Control)
3.ZEE Entertainment (-4%) declined as NCLT admitted IndusInd Bank's insolvency plea. (Business Today)
4.Deep Industries (+1%) rose after it won Rs 106 cr order for mobile drilling rigs from ONGC. (CNBC TV 18)
5.Tata Motors is in talks to raise $ 1 Billion via stake sale in EV business: Report. (Business Standard)
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