Hindalco (+6%), Tata Steel (+6%) & more
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
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