Nifty Media (-9%) and more
Market Summary
Nifty declined due to a prevailing corrective trend and weak global cues.
Companies
Apollo Hospital (+3%) rose as the hospital conducted a 5G-based trial for colon cancer detection. Cipla (+3%) and Divis Labs (+5%) rose due to surge in covid-19 cases.
Sectors
Nifty PSU Bank (-10%) plunged due to poor performance of Punjab & Sind Bank, IOB, Central Bank and Union Bank. Nifty Media (-9%) plunged due to weak performance of Dish TV, Network 18, TV18 Broadcast and INOX Leisure. Nifty Realty (-9%) plunged due to poor performance of Hemisphere, India bulls Realty, Sobha and Sunteck Realty.
News of The Day
1.Hinduja Group ups the ante in the race to acquire Reliance Capital. (Economic Times)
2.Orient Green Power (-9%) plunged after the company's board approved the expansion in the renewable energy sector. (CNBC TV 18)
3.JSW Steel allotted NCDs worth Rs 875 cr on private placement basis. (Free Press Journal)
4.BHEL inked a technology agreement with Finland-based Sumitomo SHI FW for CFBC boilers. (Business Standard)
5.Spandana Sphoorty got Rs 95 cr binding bid for Rs 323 cr written off portfolio. (CNBC TV 18)
Market Sentiment
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
How much can the digital economy help less developed countries overcome the economic lag. (Source: Devdiscourse)
How can SEZs become a powerful policy instrument. (Source: Devdiscourse)
Why rural tourism is important for rural development. (Source: Devdiscourse)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?