Hindalco(+6%), ITC(-3%) and more

Nifty ends lower. Mid and small-caps outperform.

Nov 14, 2022

Market Summary

Market ends flat amid a range bound session.

Companies

Hindalco(+6%) rose due to strong Q2 copper business. Apollo Hospital(+3%) rose after it reported a 14.4% increase in consolidated revenue.

Sectors

Nifty Metal(+2%) surged after China opens up. Nifty IT(+1%) due to strong performance of HCL Tech, Infosys and Tech Mahindra. Nifty Media(-3%) due to bad performance of Sun TV, Zee Entertainment and PVR.

News of The Day

1. LIC surged by (+5.94%) after stellar Q2 results. The company reported standalone profits of Rs 15,952 crore from Rs 1432 crore a year ago.( Economic Times)

2.Fortis Healthcare rose by (+ 7.78%) after it reported a 67% jump in PAT from Rs 130.6 crore to Rs 218.3 crore. (Economic Times)

3. Hindustan Zinc rose by (+4.28%) as the board considers an interim dividend.. (Economic Times)

4.Inox Green Energy IPO subscribed by 56% on Day 2.(Economic Times)

5. Bharat Forge (-3.38%) plunged after it reported a decline of 67.28% in consolidated net profit. The profit declined from Rs 381.41 crore to Rs 124.79 crore.(Economic Times)