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HCL Tech (+2%), Hindalco (-1%) & more

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HCL Tech (+2%), Hindalco (-1%) & more

Tribe Daily

Tribe Wealth
Dec 13, 2022
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HCL Tech (+2%), Hindalco (-1%) & more

blog.investwithtribe.com

Market Summary

Market closed higher led by Reliance, & IT majors. Nifty Bank posted record close with all its constituents closing in the green.


Companies

HCL Tech (+2%) rose as the company expanded its partnership with Mondelez International. BPCL (-1%) declined as crude oil price rose.


Sectors

Nifty PSU Bank (+4%) up due to the good performance of Union Bank & PNB. Nifty IT (+1%) up due to the strong performance of Infosys & TCS.


News of The Day

1.​​ Adani Enterprise (+1%) rose after the company unveiled its new waste management arm Geoclean. (Business Standard)

2.TCS (+1%) rose after the company announced its partnership with Govt of Gujarat and Samagra Shiksha to impart digital skills to students and teachers. (Business Standard)

3.Paytm (+2%) rose as the company's board mulled over the share buyback plan. (Business Standard)

4.Bandhan Bank (+2%) rose after the bank received Rs 916 cr credit from the government (Live Mint)

5.NTPC (+1%) rose after the company began commercial operations of 240 MW solar PV projects in Rajasthan. (CNBCtv18)


Market Sentiment


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HCL Tech (+2%), Hindalco (-1%) & more

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