SBI Life (+2%), Divis Lab (-3%) & more
Nifty declined as Investors became wary ahead of USA Inflation Data report.
Ultratech (+2%) rose on an expectation of improved earnings. L&T (+2%) rose after CLSA upgraded the stock price target due to order inflows, double-digit growth, and margin expansion. BPCL (-2%) declined as crude moved higher.
Nifty Media (+1%) rose due to the strong performance of INOX Leisure, PVR & Nazara. Nifty IT (+1%) is up due to the strong performance of HCL Tech, LTIMindtree, Persistent & Infy. Nifty Energy (-1%) declined due to the weak performance of IOC, Reliance, BPCL & GAIL.
1. GM Breweries (+1%) rose after Q3 PAT climbed by 31% YoY to Rs 26 cr. (Business Standard)
2. Tech Mahindra & Microsoft partnered to revolutionize 5G core networks for telecom operators. (Times Now)
3.Sah Polymers shares listed at 30% premium over issue price. (Business Today)
4.Paytm(-6%), Nykaa(-3%) declined due to huge block deals at both counters. (Business Standard)
5.Action Construction (+2%) after the company bagged orders for mobile cranes from the Defense Ministry. (Money Control)
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