HCL Tech(+2%), Asian Paints(+2%) and more
HCL Tech(+2%), Asian Paints(+2%) and more
Tribe Daily
Market Summary
Market ends in red for second straight session.
Companies
Asian Paints(+1%) rose after the company joined hands with a $7.3 Billion conglomerate to manufacture VAM. Bajaj Auto(-2%) plunged after LIC cuts its stake in the company.
Sectors
Nifty Auto(-2%) plunged due to weak performance of M&M, Bajaj Auto, Maruti Suzuki, and Eicher Motors. Nifty Pharma(-1%) plunged due to weak performance of Cipla, Dr Reddy Labs, and Sun Pharma.
News of The Day
1.PTC India Financial Services Ltd (+4%) rose after the company reported a 407% increase in PAT( Profit After Taxes). The PAT increased from Rs 25.60 cr to Rs 129.98 cr. ( Economic Times)
2.Bajaj Healthcare Ltd (+1%) rose after USFDA completed the first pre-approval inspection of the Vadodara API plant. (Economic Times)
3. Strides Pharma Science Ltd (2%) rose after the company gets USFDA approval for a potassium deficiency drug. (Devdiscourse)
4.Jet Airways to cut salaries by 50% and send staff on leave without pay. (Economic Times)
5. Welspun is set to acquire 70% debt of Sintex BAPL. (Economic Times)
Market Sentiment
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