Market Summary

Market closes in the red for the 3rd straight day amid narrow-range trade.

Companies

Bharti Airtel(+2%) rose after the company discontinued Rs 99 entry-level plan. Tech Mahindra(-3%) plunged amid weak global cues.

Sectors

Nifty PSU Bank(+2%) rose to strong performance of PNB, UCO Bank and Bank of Maharashtra. Nifty IT(-2%) plunged due to weak performance of Tech Mahindra, Infosys, and Wipro.

News of The Day

1.Finance Minister chairs first pre-budget 2023 consultation with experts. (Mint)

2. Escorts Kubota(+7%) rose after the company set an aggressive growth target for FY28. (Times Now)

3. Deepak Fertilisers(+8%) and Aarti Industries (+2%) rose after the companies joined hands in Rs 8,000 cr Nitric acid supply management. (CNBC TV 18)

4.Archean Chemical Industries lists at 11% premium to issue price, extends gain.(Business Standard)

5. Five Star Business Finance shares make a weak market debut. ( Indian Express)

Market Sentiment

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