L&T (+4%), HUL (+3%) & more
Market Summary
Nifty rose due to strong performance of Nifty FMCG, Nifty Realty and Nifty Oil & Gas.
Companies
Larsen and Toubro(+4%) rose due to the company's strong order book. HUL (+3%) rose as investors awaited the company's Q3 results. HDFC (+2%) rose after the bank reported a strong earning in Q3.
Sectors
Nifty FMCG (+1%) rose due to strong performance of HUL, Marico, Britannia, Nestle and United Spirits. Nifty Realty (+1%) rose due to strong performance of Brigade Realty, Prestige Realty, Oberoi Realty and DLF. Nifty Oil & Gas (+1%) rose due strong performance of Adani Total Gas, Reliance, IGL, Castrol and GAIL.
Market News
1. Innova Captab and Blue Jet Healthcare got SEBI’s nod to float IPO. (BQ Prime)
2. Torrent Pharma (+1%) rose after Global brokerage Citi upgraded the stock.(CNBC TV 18)
3.Bank of India (-5%) declined as provisions rose in Q3. (Economic Times)
4.Mastek (-1%) declined after the company reported a decline of 19% ( to Rs 64.18 cr) in consolidated net profit. (Business Standard)
5.Metro Brands (-1%) declined after the company reported a decline in operating profit margins in Q3. (Money Control)
Market Sentiment
Expert of The Day
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
Five priorities for India Inc could help us reach ahead for curve. ( Source: Mint)
We should temper expectations of any big surprise in the budget. (Source: Mint)
What data tell us about the great Indian middle class. ( Source: Mint)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?