HDFC Life (+5%), BPCL (+4%) & more
Market posts record close led by sharp recovery in the last hour of trade.
HDFC Life (+5%) rose due to the new EoM policy. Apollo Hospital (+5%) up 2nd day straight as brokerages turned positive post earnings.
Nifty IT(+3%) due to strong performance of Infosys, Wipro, and TCS. Nifty Oil & Gas rose due to the strong performance of ONGC and BPCL.
News of The Day
1.India’s engineering goods exports to China fell 64% YoY, Europe by 23%. (Economic Times)
2.Falling commodity prices are set to dampen inflationary pressure, says the Finance Minister. (Economic Times)
3.Fino Payments Bank(+12%) rose after the bank delivered astounding returns to investors. (Economic Times)
4.PB Fintech ( known as Policy Bazaar) (+10%) rose after investors bought the dip. (Economic Times)
5. Tata Consumers(+3%) rose after the company announced the acquisition of Bisleri. (Economic Times)
Expert of The Day
$300 Bn Electronic Manufacturing Sector by 2026!
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