Market Summary

Nifty ended with gains for the second straight session amid volatility.

Companies

Hindalco (+6%), Tata Steel (+6%) & JSW Steel (+4%) rose after reports stated that metal companies are planning to raise prices w.e.f January & the metal sector will have more consideration in the budget.

Sectors

Nifty Metal (+4%) rose due to impressive performance of Jindal Steel, NALCO, Hindalco,Tata Steel. Nifty PSU Bank (+1%) rose due to strong performance of IOB, Bank of Maharashtra, Union Bank and BOI. Nifty Realty (+1%) rose due to strong performance of Hemisphere, Phoenix Mills, Godrej Properties and Oberoi Realty.

News of The Day

1.​​Sugar stocks surge on 100% incentive on sacrifice for ethanol production. (Money Control)

2.Bajaj Auto (+1%) rose after the company launched Bajaj Dominar 160 & Dominar 200 in the Brazilian market. (Financial Express)

3.Capacite Infra (+1%) rose after the company bagged Rs 695 cr order from Saifee Burhani Trust in Mumbai. (CNBC TV 18)

4.India plans $2 bn incentives for green hydrogen industry, says report. (Business Standard)

5.Central Bank of India (+5%) rose after the bank announced that they will raise Rs 1,500 cr via bond this fiscal. (Business Standard)

Market Sentiment

Expert of The Day

Follow Him on Invest With Tribe

Latest Blog:

$300 Bn Electronic Manufacturing Sector by 2026!

Articles You Like to Read

Three concrete outcomes for India’s presidency. (Source: Mint)

The budget should enhance our ease of doing business globally. (Source:Mint)

Why RBI is finding it tough to tame infaltion. (Source:Mint)

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