Bajaj Hindustan Sugar (+20%), Dhanlaxmi Bank (+5%) and more
Market Summary
Nifty ends with minor cuts following a volatile trading session.
Companies
Hindalco (+5%) and Tata Steel (+3%) rose after China eased Covid-19 rules.
Sectors
Nifty IT (-1%) plunged due to the weak performance of Tech Mahindra, Wipro and TCS. Nifty FMCG (-1%) plunged due to the weak performance of ITC and Britannia.
News of The Day
1.Bajaj Hindustan Sugar (+20%) rose after the company announced the payment of the entire loan amount. (Economic Times)
2. HNG (+4%) rose after the company's employees reached out to the CoC (Committee of Creditors) regarding the pending insolvency process. (Economic Times)
3.Ion Exchange (+4%) rose after the company bagged a Rs 343 cr order from Indian Oil Corporation. (Economic Times)
4.Dhanlaxmi Bank (+5%) zoomed after the bank's board approved fundraising of Rs 300 cr via NCDs. (Mint)
5.BCL Industries (+2%) rose after the company bagged an order of Rs 661 cr from Reliance & OMCs. ( Business Standard)
Market Sentiment
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