HDFC Life(+3%), Tata Motors(+3%) & more
Market ends flat in a muted session, broader index outperforms.
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.
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)
Expert of The Day
Articles You Like to Read
Why bilateral trade deals are beneficial for India. (Source: Economic Times)
An essential guide for the RBI on how to design robust digital rupee.( Source: Economic Times)
Growth slows, but macro resilient. (Source: Economic Times)
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