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HDFC Life (+5%), Axis Bank (+2%) & more

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HDFC Life (+5%), Axis Bank (+2%) & more

Tribe Daily

Tribe Wealth
Jan 3
Share this post

HDFC Life (+5%), Axis Bank (+2%) & more

blog.investwithtribe.com

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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HDFC Life (+5%), Axis Bank (+2%) & more

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