HDFC Life (+8%) this week, Nifty (-1%) & more
Nifty (-1%) declined this week due to profit booking ahead of Q3 earnings and an indication of further rate hikes by the FED.
BPCL (+4%) rose due to decline in oil prices. Bajaj Finance (-9%) declined due to weak Q3 updates.
Nifty PSE (+1%) rose due to strong performance of Power Finance, BPCL, SAIL and BHEL. Nifty Consumer Durables (+1%) rose due to strong performance of Rajesh Exports, Havells India,Voltas and Amber Enterprise. Nifty IT (-2%) declined due to weak performance of Infosys, LTMindtree, Tech Mahindra and Wipro.
1.Cabinet approved Rs 19,744 cr for National Green Hydrogen Mission. (Business Standard)
2. GST collections jumped by 15% ( Rs 1.49 lakh cr) in December 2022. (Mint)
3.December manufacturing PMI at 26-month high of 57.8 as production picks up. (Business Standard)
4.Center received multiple preliminary bids for 61% stake in IDBI Bank. (Economic Times)
5.HDFC Bank posted a 19.5% loan growth in Q3. (BQ Prime)
Tribe Next Week
January 09: TCS( Tata Consultancy Services) quarterly result & third interim dividend announcement.
January 10: Quest Capitals Market Ltd, Visagar Financial Services Ltd, Excel Realty and Infra Ltd & Gala Global Products Ltd quarterly results.
January 11: National Standard ( India) Ltd, 5Paisa Capital Ltd & Alstone Textiles ( India) quarterly results.
January 12: Infosys, HCL Tech quarterly results & India Consumer Price Index (CPI) YoY release.
January 13: Wipro & Ganesh Housing quarterly results.
Articles You Like to Read
A deep dive into Relaxo Footwear Ltd. (Source: Market Feed)
The story of Bisleri from Rs 4 lakh to Rs 7,000 cr. (Source: Market Feed)
Here are the best sectors to look out for in 2023. (Source: Market Feed)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?