Market Summary

Nifty ended marginally higher amid mixed signals.

Companies

Bharti Airtel (+3%) rose as the company is planning to list Airtel Payment Bank. SBI (+2%) rose as the bank is planning to raise Rs 10,000 cr via infrastructure bonds. 

Sectors

Nifty Oil & Gas (+1%) rose due to strong performance of Adani Total Gas, BPCL, Petronet LNG, and ONGC. Nifty Metal (+1%) rose due to strong performance of APL Apollo, Jindal Steel, Tata Steel and JSE Steel. Nifty Private Bank (+1%) rose due to strong performance of Federal Bank, RBL Bank, IDFC First Bank and IndusInd Bank.

News of The Day

1.​​Transformers & Rectifiers (+3%) rose after the company bagged orders worth Rs 123 cr. (Business Standard)

2.Ashoka Buildcon (+2%) rose after the company bagged orders worth Rs 755 cr. (Business Standard)

3.Aster Dm (+1%) rose after the company's subsidiary signed an agreement to acquire a 100% stake in Adrian IN Healthcare. (Business Standard)

4.Tata Consumers UK's arm acquired a 23.3% stake in Joekels Tea Packers for Rs 43.65 cr. (Mint)

5.Mamaearth parent Honasa Consumer files draft IPO papers. (Business Today)

Market Sentiment

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