Market Summary

Market ends flat in a muted session, broader index outperforms.

Companies

Tata Motors(+3%) rose after the company signed MoU with HDFC for EV inventory financing. ICICI Bank (-1%) plunged after the bank announced its plan to buy a 10% stake in Indian Oil Corporation and Chennai Petroleum Corporation refinery.

Sectors

Nifty Auto(+1%) rose due to strong performance of Maruti Suzuki, Bajaj Auto and Eicher Motors. Nifty Bank(-1%) plunged due to weak performance of HDFC Bank and ICICI Bank.

News of The Day

1.Govt mulls selling 5%-10% stake in Coal India, Hindustan Zinc and Rashtriya Chemicals. (Economic Times)

2.PNB(+5%) rose after the government approved the bank's request to divest its entire stake in UTI Asset Management Company(AMC). (Economic Times)

3.Dev Information Technology Ltd(+16%) rose exponentially after the company announced the division of equity shares in a ratio of 1:2. (Economic Times)

4.Unipart India IPO to open on November 30, price band fixed at Rs 548-577.(Economic Times)

5. Hi-Tech Pipes(+3%) rose after the company approved fundraising via preferential issue of warrants and shares. (Economic Times)

Market Sentiment

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