Invest With Tribe

Share this post

Nifty IT (+3%), Nifty FMCG (-1%) & more

blog.investwithtribe.com

Nifty IT (+3%), Nifty FMCG (-1%) & more

Tribe Weekly

Tribe Wealth
Jan 15
Share this post

Nifty IT (+3%), Nifty FMCG (-1%) & more

blog.investwithtribe.com

Market Weekly

Nifty rose due to the strong performance of Nifty Auto, Nifty IT, and Nifty Metal.


Companies

Tata Motors (+8%) rose after JLR reported a rise of 5.9% YoY in retail sales. Hindalco (+6%) rose after the company's board approved the raising of Rs 700 cr through bond sale. JSW Steel (+6%) rose after the company reported a 17% ( to 6.24 MT) rise in combined crude steel production in Q3.


Sectors

Nifty IT (+3%) rose to strong performance of TCS, HCL Tech, Infosys, Wipro and Tech Mahindra. Nifty Metal (+3%) rose due to strong performance of NMDC, Hindalco, JSW Steel, Hindustan Zinc, Tata Steel and MOIL. Nifty Auto (+2%) rose due to strong performance of Tata Motors, M&M, Exide Industries, Bosch and Maruti Suzuki.


Weekly Market News

1. Budget may unveil Rs 35,000 cr policy for battery recycling. (Mint)

2. Sona BLW will acquire a 54% stake and voting rights in Serbia-based Novelic for Euro 40.5 million. (Economic Times)

3.TCS Q3 net profit rose by 11% ( to Rs 10,846 cr) and revenue grew by 19% ( to Rs 58,229 cr). (Mint)

4.HCL Tech Q3 consolidated net profit rose by 19% YoY ( to Rs 4,096 cr) and the revenue rose by 20% YoY ( to Rs 26,700 cr). (Economic Times)

5.Infosys Q3 consolidated revenue for the quarter rose by 20.2% ( to Rs 38,318 cr). (Economic Times)


Tribe Weekly

January 16: Federal Bank, Bank of Maharashtra, Angel One, and Tinplate Company quarterly results.

January 17: ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Bank of India, Metro Brands, and Tata Investment Corp quarterly results.

January 18: IndusInd Bank, Persistent Systems, Central Bank of India, and Alok Industries quarterly results.

January 19: HUL, Asian Paints, Hindustan Zinc, Havells India, Au Small Finance Bank, and Polycab India quarterly results.

January 20: Union Bank of India, JSW Steel, HDFC Life Insurance, JSW Energy, Bandhan Bank, and Petronet LNG quarterly results.


Latest Blog:

$300 Bn Electronic Manufacturing Sector by 2026!


Articles You Like to Read

The geoengineers are just winging it. (Source: Money Control)

How the amended Energy Conservation Act could support India’s net zero goals. (Source:Money Control)

A soft landing won’t mean the economy is safe. ( Source:Money Control)


Latest on our Social:

Click to see the full post


Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube

Share this post

Nifty IT (+3%), Nifty FMCG (-1%) & more

blog.investwithtribe.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Tribe Wealth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing