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Kotak Bank(+3%), Adani Ports (-3%) and more

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Kotak Bank(+3%), Adani Ports (-3%) and more

Tribe Daily

Tribe Wealth
Nov 16, 2022
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Kotak Bank(+3%), Adani Ports (-3%) and more

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Market Summary

The Market closes flat amid volatility. 


Companies

Coal India (+2%) rises after the company announced the interim dividend (Rs 15 per share). Hindalco (-3%) plunges due to weak Q2 results.


Sectors

Nifty Bank(+1%) rises due to the strong performance of Kotak Mahindra Bank, HDFC Bank, and ICICI Bank. Nifty Metal (-2%) plunges due to the weak performance of JSW Steel, Tata Steel, and Hindalco.


News of The Day

1.Keystone Realtors IPO subscribed by 60% on day 3. ( Economic Times)

2.Nykaa (-4%) plunges after the company lists bonus shares. (Economic Times)

3. TCNS Clothing (+8%) rose after reports suggesting that Reliance Retail and Nykaa are eyeing a promoter stake in the company surfaced. (Economic Times)

4.Rail Vikas Nigam Ltd (+4%) rose amid investors' optimism following Q2 results. The company also emerged as a successful bidder in an international project in Maldives.(Economic Times)

5. Bharat Rasayan (-0.5%) plunged after the company reported a decline of 13% in PAT( Profit after taxes). The PAT declined from Rs 26.47 cr to Rs 22.93 cr. (Economic Times)


Market Sentiment


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Kotak Bank(+3%), Adani Ports (-3%) and more

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