HDFC Life(+3%), Tata Motors(+3%) & more

Tribe Daily

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

---

Expert of The Day

---

Latest Blog:

$300 Bn Electronic Manufacturing Sector by 2026!

---

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)

---

Latest on our Social:

Click to see the full post

---

Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube/bvcx