Hindalco Industries (+2%), Bharti Airtel (-4%) & more
Market Summary
Market snaps 4-day gaining streak, closes lower ahead of FED meet.
Companies
Sun Pharma (+2%) gains after the company reported an impressive rise in quarterly profits. Bharti Airtel (-3%) loses after profits miss analyst's estimates.
Sectors
Nifty Metal (+1%) gains after metal prices improve globally. Nifty Auto (-1%) falls due to mounting pressure after mixed sales in October.
News of The Day
1. Fusion MicroFinance IPO receives a muted response from investors during the first hour of bidding. (Economic Times)
2.Shares of Hospital Chain Max Healthcare rose by 4% to Rs 482 after the company reported a 147% YoY ( Rs 511 crore) rise in profits after tax for FY23. (Economic Times)
3. Shares of Logistic Solution Provider Orissa Bengal Carrier rallied by 15%( Rs 109.60) after the company announced entering a contract with mining major Vedanta. (Economic Times)
4.Shares of Alembic Pharmaceuticals rose by 6.4% ( Rs 615.60) after the company received approval from US Food & Drug Administration ( USFDA) for Mesalamine extended-release tablets. (Economic Times)
5. Shares of agrochemical manufacturing company Chambal Fertilisers and Chemicals declined by 7% to Rs 304 after the company reported a decline of 45.7% (Rs 274.27 crore) in net profits. ( Economic Times)
Market Sentiment
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