[26/03 Weekly Market Update] HDFC Life (+4%) & ICICI Bank (2%) rose due to a positive view by Jefferies
[26/03 Weekly Market Update] HDFC Life (+4%) & ICICI Bank (2%) rose due to a positive view by Jefferies
Tribe Weekly
[26/03 Weekly Market Update] HDFC Life (+4%) & ICICI Bank (2%) rose due to a positive view by Jefferies
Weekly Market Summary
Market posts losses for 3rd straight week, Sensex & Nifty down 1% each
Companies
HDFC Life (+4%) & ICICI Bank (2%) rose due to a positive view by Jefferies.
Sectors
Nifty Realty (-4%) down due to the weak performance of DLF & SOBHA as the Income Tax Department raids SOBHA office premises. Nifty Metal (-4%) down due to the weak performance of Adani Ent, National Aluminium & SAIL.
Market News
1.BEL secures orders of Rs 4,300 crore from Indian Army, Indian Navy. (CNBCTV18)
2.Reliance names V Srikanth as new CFO, Alok Agarwal to become senior advisor. (CNBCTV18)
3.IndusInd Bank appoints Vikas Muttoo as COO of Bharat Financial Inclusion. (Hindu Businessline)
4.GQG Partners churning India portfolio. (CNBCTV18)
5.NSE cancels 6% hike in transaction charges on equity and F&O trades from April 1. (CNBCTV18)
Tribe Weekly
March 27: Finance Ministry, RBI to finalise first half of FY24 market borrowing programme. Oracle Credit Ltd board meeting to discuss rights issue of equity shares.
March 28: Vedanta board meeting to discuss 5th interim dividend.
March 29: Punjab National Bank to consider raising funds for next fiscal by issuing Basel III compliant bonds.
March 30: Holiday, Ram Navami.
March 31: Reserve Bank of India Monetary and Credit Information review.
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