[28/03 Market Update] UPL (+2%) up as promoter holding rises to highest level in 23 yrs.
[28/03 Market Update] UPL (+2%) up as promoter holding rises to highest level in 23 yrs.
Tribe Daily
Market Summary
Market remains in a range ahead of expiry, Nifty fell 34 points
Companies
UPL (+2%) up as promoter holding rises to the highest level in 23 yrs. IndusIND Bank (+2%) rose as the brokerage (BofA Securities) has highlighted bank as its preferred pick within the midcap space. Adani Ent (-7%) falls post reports of the group seeking time to pay Ambuja debt.
Sectors
Nifty Media (-2%) down due to the weak performance of DISHTV, NDTV, & Hathway. Nifty Realty (-1%) down due to the weak performance of IBREALEST, SUNTECH, & SOBHA.
Market News
1.Kotak Investment Advisors raises $1.25 Billion for Second Special Situations Fund. (NDTV)
2.PNC Infratech shares gain after clinching an order worth Rs 819 Crore. (BQPrime)
3.Dilip Buildcon Shares Surge After Rs 780.12 Crore Order Win From NHAI. (BQPrime)
4.J G Chemicals receives Sebi approval for IPO. (Economic Times)
5.Embassy Office REIT to acquire Embassy Business Hub in Bengaluru for Rs 334.8 crore. (CNBCTV18)
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