MCX India(+9%), CDSL profit falls by 7% & more
MCX India(+9%), CDSL profit falls by 7% & more
Tribe Daily
Market Summary
Market closes with minor cuts amid profit bookings at higher levels. It snaps a 7-day gaining streak as Nifty falls 74 points.
Companies
MCX India(+9%) due to strong Q2 results. Laurus Labs (-6%) due to slower demand and pricing pressure in antiretroviral formulations and active pharmaceuticals ingredients. BHEL (+7%) as it exchanged MoUs with six companies to boost the Defence & Aerospace sector.
Sectors
Nifty PSU Bank (+4%) due to good quarterly results. Nifty Auto(+1%) due to the strong performance of auto companies. Nifty FMCG (-2%) due to rising pressure.
News of The Day
1. King Charles appoints Rishi Sunak as UK's 57th Prime Minister. ( Economic Times)
2. Nykaa (-2%) stocks slip below their IPO issue price. The stock has eroded 56% of shareholders' wealth. ( Economic Times)
3.ICICI Bank( +2%) share price increased due to expected Q2 earnings. (Economic Times)
4.Lending Depository CDSL Q2 net Profit falls by 7% to Rs 80Cr. ( Economic Times)
5. Shares of Railtel and Rail Vikas Nigam (+9%) increased amid reports of a proposed sale of the government's stake in Indian railway entities. (Economic Times)
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