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