HDFC Life (+5%), Axis Bank (+2%) & more
HDFC Life (+5%), Axis Bank (+2%) & more
Tribe Daily
Market Summary
Nifty ended higher amid choppy trade due to gains in financial services and IT shares.
Companies
HDFC Life (+5%) and SBI Life (+2%) surged following positive brokerage note on LIC. Axis Bank (+2%) rose due to brokerages' bullishness. Hindalco (-2%) declined due to profit booking.
Sectors
Nifty Consumer Durables (+1%) rose due to strong performance of Rajesh Exports, Havells India, Titan Company, Whirlpool and Blue Star. Nifty Healthcare Index (+1%) rose due to strong performance of Dr Lal PathLab, Glenmark, Ipca Labs and Aurobindo Pharma. Nifty Media (-1%) declined due to weak performance of Zee Entertainment, Network 18, DB Corp and INOX Leisure.
News of The Day
1.NTPC started India’s first green hydrogen blending operations in the PNG network. (Free Press Journal)
2. Bank of Maharashtra (+6%) rose after the bank reported a 22% (Rs 1.57 Trillion) loan growth in Q3. (Business Standard)
3.Rama Steel Tubes (+4%) after the company reported the highest ever-sales volume in Q3. (Business Standard)
4.Karnataka Bank (+3%) rose after the bank reported a 7.9% ( Rs 84,593 cr) growth in deposits in Q3. (Financial Express)
5.Zomato (-2%) declined after co-founder Gunjan Patidar resigned. (Economic Times)
Market Sentiment
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