Bajaj Auto (+2%), Titan (+2%) & more
Nifty declined due to negative signals from global peers and profit taking on the final trading day of the calendar year.
Titan (+2%) rose as the company is targeting booming branded and accessories eyewear. Eicher Motors (-2%) declined due to mixed sales in December.
Nifty PSU Bank (+2%) rose due to the stupendous performance of Punjab & Sind Bank, Canara Bank, Union Bank, and Indian Bank. Nifty Realty (+1%) rose due to the strong performance of Sobha, Phoenix Mills, Prestige Estate, and Oberoi Realty. Nifty FMCG (-1%) declined as the Indonesian govt tightened export regulations for palm oil w.e.f first of January.
News of The Day
1.Shriram Finance (+5%) rose after it secured a $ 100 million loan from Asian Development Bank. (Mint)
2.Skipper Ltd bagged orders worth Rs 2,570 cr from BSNL in Rajasthan and Odisha. (Mint)
3.Kalpataru Power (+1%) rose after the company bagged orders worth Rs 1,247 cr. (Money Control)
4.Dilip Buildcon (+1%) rose after the company incorporated three new special purpose vehicle companies as its wholly-owned subsidiaries. (Business Standard)
5.IDBI Bank (+1%) rose after the bank signed an agreement to transfer IDBI Mutual Fund business to LIC Mutual Fund. (Mint)
Expert of The Day
$300 Bn Electronic Manufacturing Sector by 2026!
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