Narmada Gelatines (+20%), Dabur India (+1%) and more
Market Summary
Nifty ends in red due to profit booking and RBI’s repo rate hike.
Companies
BPCL (+2%) rose after GOI seeks compensation for petrol and diesel losses to state-run retailers and a reduction in crude oil prices. HUL (+2%) rose due to recovery in rural demand.
Sectors
Nifty Realty (-1%) plunged due increase in interest rates. Nifty FMCG (+1%) rose due to strong performance of ITC and Nestle India.
News of The Day
1.Tata Motors (-2%) plunged as the company is considering an increment in the prices of passenger vehicles w.e.f January 2023. (CNBC TV 18)
2. Bhikaji Foods (+4%) rose due to strong Q2 performance and the acquisition of Hanuman Agrofood. (Economic Times)
3.Aster DM Healthcare (+2%) rose after the company signed an agreement with Faruk Medical City to develop healthcare services in Iraq. (Business Standard)
4.Narmada Gelatines (+20%) zoomed after the company declared a special interim dividend of Rs 100/share. (Business Standard)
5.Dabur India (+1%) rose after the company announced its entry into women's personal hygiene space with the launch of Fem Ultra Care Sanitary Napkins. (Outlook)
Market Sentiment
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