Market Summary

Nifty closed higher due to the strong performance of Nifty Auto, FMCG, and Metal.

Companies

Adani Enterprise (+5%) rose after the company announced that they are planning to invest Rs 10,700 cr for the expansion of Lucknow Airport. 

Sectors

Nifty Auto (+2%) rose due to strong performance of Eicher Motors, Ashok Leyland and Bajaj Auto. Nifty FMCG (+1%) rose due to strong performance of Marico, Britannia and Nestle India. Nifty Metal (+1%) rose due to strong performance of Jindal Steel, Hindustan Zinc and Hindustan Copper.

News of The Day

1.​​ Apollo Hospital (+1%) after the hospital announced its partnership with Google to develop AI tools for healthcare. (Business Today)

2.Yes Bank (+1%) after the bank sold bad loans to JC Flowers ARC. (Mint)

3.Larsen and Toubro (+1%) rose after the company announced that it will sell a 51% stake in L&T IDPL to Epic Concessions. (Mint)

4.KEC International won orders worth Rs 1,313 cr across businesses. (Mint)

5.UTI AMC (+9%) rose as Tata Group is in final talks to buy a majority stake in the company. (Money Control)

Market Sentiment

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