Invest With Tribe

Share this post

[28/02 Market Update]Adani Enterprise (+14%) rose after a report stated that the group will repay or prepay share-backed loans worth $690 million to $790 million by March-end.

blog.investwithtribe.com

[28/02 Market Update]Adani Enterprise (+14%) rose after a report stated that the group will repay or prepay share-backed loans worth $690 million to $790 million by March-end.

Tribe Daily

Tribe Wealth
Feb 28
Share this post

[28/02 Market Update]Adani Enterprise (+14%) rose after a report stated that the group will repay or prepay share-backed loans worth $690 million to $790 million by March-end.

blog.investwithtribe.com

Market Summary

Nifty declined due to relentless selling by FII as global investors' interest in the equity market is weakening due to high inflation and contractionary monetary policy.


Companies

Adani Enterprise (+14%) and Adani Ports (+5%) rose after a report stated that the group will repay or prepay share-backed loans worth $690 million to $790 million by March-end. Cipla (-5%) declined on concerns about product launch delays in the USA.


Sectors

Nifty Media (+2%) rose due to strong performance of Zee Entertainment, TV18 Broadcast, Network 18 and Sun TV Network. Nifty Realty (+1%) rose due to strong performance of Phoenix Mills, Prestige Estate, Godrej Properties, DLF and Oberoi Realty. Nifty Auto (+1%) rose due to strong performance of Tube Investment, Ashok Leyland, Exide Industries, M&M, and Bosch.


Market News

1.SBI entered the social loan market and raised $ 1 billion from the overseas market. (Money Control)

2.Tata Motors (+1%) rose after it launched the first scrapping vehicle facility in Jaipur. (Zee Business)

3.Shree Cements (+1%) rose after the company emerged as the highest bidder for the Datima Coal Mine block. (Money Control)

4.MRF raised Rs 150 cr through NCDs via private placement. (CNBC TV 18)

5.Paint companies outperform in muted market session as crude prices cooled and rural demand revived. (CNBC TV 18)


Expert of The Day

Follow Him on Invest With Tribe

Latest on our Social:

Click to see the full post


Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube

Share this post

[28/02 Market Update]Adani Enterprise (+14%) rose after a report stated that the group will repay or prepay share-backed loans worth $690 million to $790 million by March-end.

blog.investwithtribe.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Tribe Wealth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing