Cipla (+1%), Titan (+1%) and more
Cipla (+1%), Titan (+1%) and more
Tribe Daily
Market Summary
Nifty declined due to a surge in covid-19 cases and recessionary fears as banks around the globe remain hawkish.
Companies
Cipla (+0.24%) and Divis Lab (+0.22%) rose due to renewed covid-19 fears.Titan (+0.20%) rose as the company's eye care division is seeking partners to achieve a greater technological edge.
Sectors
Nifty PSU Bank (-6%) plunged due to poor performance of IOB, Union Bank, Central Bank and UCO Bank. Nifty Media (-5%) declined due to poor performance of Network 18, INOX Leisure, Dish TV and PVR. Nifty Metal (-4%) declined due to poor performance of Welspun Corporation, Adani Enterprise, Hindalco and Vedanta.
News of The Day
1.India Cements (-9%) plunged as CCI conducted raids at Chennai Office. (Business Today)
2.Gandhar Oil Refinery files DRHP to raise funds via IPO. (Economic Times)
3.Flipkart-PhonePe separation official; online payments firm to be India-domiciled now. (Economic Times)
4.Landmarks Cars made a weak market debut, stock lists 7% below the issue price. (Business Standard)
5.Droneacharya Aerial Innovations made a stellar stock market debut, the stock lists at an 89% premium over the issue price. (Business Today)
Market Sentiment
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