M&M (+5%), HCL Tech (-1%) and more
M&M (+5%), HCL Tech (-1%) and more
Tribe Daily
Market Summary
Last-hour recovery led by MSCI inflows helped the Nifty close at day’s high.
Companies
Mahindra & Mahindra (+5%) rose due to spectacular monthly sales. Hindalco (+4%) rose as China's economy unlocks after Covid19 restrictions.
Sectors
Nifty Auto (+2%) rose due to the exponential performance of M&M, Bajaj Auto, Eicher Motors, and Tata Motors. Nifty Metal(+2%) rose due to the strong performance of Hindalco and JSW Steel.
News of The Day
1.Zomato (+3%) rallies amid a block deal in which China's Alibaba Group likely sold its stake. (Economic Times)
2.Inox Wind (+3%) after the company's arm Inox Green Energy Services repaid a debt of Rs 411 cr. (Economic Times)
3.Gland Pharma (-5%) slumped after the company announced the acquisition of the Cenaxi Group. (Economic Times)
4.Uniparts IPO subscribed by 17% during the first two hours of bidding. (Economic Times)
5. Dharmaj Crop IPO subscribed by more than 11.3 times. (Economic Times)
Market Sentiment
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