Britannia (+6%), Tata Steel (+5%) and more
Britannia (+6%), Tata Steel (+5%) and more
Tribe Weekly
Market Summary
Nifty snap eight-day winning streak ahead of the US jobs data.
Companies
Britannia (+6%) rose as the company entered a joint venture agreement with Bel SA of France to develop, manufacture and sell cheese products in India and other markets. Tata Steel (+4%) rose as the company vowed massive investments in Orissa.
Sectors
Nifty Metal (+4%) rose due to strong performance of Tata Steel, Hindalco,JSW Steel.
News of The Day
1.Uniparts IPO subscribed by 25.32 times on the final day. (Economic Times)
2. Ease MY Trip to acquire Nutana aviation. (Mint)
3.Canara Bank wins Banker’s Bank of the Year Award 2022 for India at Global Banking Summit. (Indian Express)
4.SBI raised Rs 10,000 cr from maiden infra bond issuance. (Mint)
5.Oyo to lay off 600 employees across technology teams and hire 250 employees for sales. (Mint)
Market Sentiment
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