PSP Projects (+6%), KPI Green Energy (+1%) and more
Nifty ends flat after choppy sessions and ahead of inflation data.
Coal India (+2%) rose after the company announced to increase in fuel spot auctions to meet higher power demand growth. BPCL (+4%) rose as crude oil prices slid.
Nifty Oil & Gas (+5%) rose due to stellar performance of ONGC and BPCL. Nifty Pharma (-1%) declined due to weak performance of Infosys and Cipla. Nifty IT (-1%) declined due to weak performance of Infosys, Tech Mahindra and TCS.
News of The Day
1. Dalmia Group inked a deal to acquire Jaypee Group assets for Rs 5,666 cr. (CNBC TV 18)
2.PSP Projects (+6%) rose after the company bagged an order worth Rs 115.5 cr. (Business Standard)
3.KPI Green Energy (+1%) rose after the company bagged 24.90 MWp capacity solar power projects. (CNBC TV 18)
4.Sula Vineyards IPO subscribed by 28% on day one. (Economic Times)
5.Promoters of Macrotech Developers raise Rs 3,547 cr through largest QIP of 2022. (Economic Times)
Expert of The Day
$300 Bn Electronic Manufacturing Sector by 2026!
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