Cipla (+4%), Adani Ports (-3%) & more

Tribe Daily

Tribe Wealth

Dec 21, 2022

Market Summary

Nifty declined due to growth concerns and Covid-19, Nifty Oil & Gas, Power and Realty top losers.

Companies

Apollo Hospital (+3%) rose after the hospital signed an agreement for the management and operation of Ispat Post Graduate and Super Speciality Hospital. Divis Labs (+5%) and Cipla (+4%) rose due to renewed Covid-19 fears.

Sectors

Nifty Healthcare Index (+3%) rose due to strong performance of Dr Lal Path Labs, Lupin, Biocon and Aurobindo Pharma. Nifty Media (-3%) declined due to poor performance of Dish TV, Network 18, DB Corp and PVR. Nifty Metal (-2%) declined due to poor performance of MOIL, Vedanta, APL Apollo and Welspun Corp.

News of The Day

1. India's largest online grocer Big Basket may list its share by 2025. (Economic Times)

2.Glenmark Pharmaceuticals (+8%) rose after the company launched 3-drug FDC for type 2 diabetes in India. (Economic Times)

3.Maruti Suzuki (-2%) declined after the GST council announced a single definition of SUV ( Sports Utility Vehicles) across all states. (Business Standard)

4.Infosys (+1%) rose after the company secured a place on the A list for corporate transparency and performance on climate change. (Business Standard)

5.Axis Group forays into the pension business. (Mint)