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
Expert of The Day
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
Investors are ready to invest in Indian climate startups. ( Source: Mint)
We must catalyse India’s climate aspirations for large scale impact.( Source: Mint)
Gati Shakti, a rare initiative gaining political consensus in a divided landscape.(Source: Economic Times)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?