SBI Life (+2%), Divis Lab (-3%) & more
SBI Life (+2%), Divis Lab (-3%) & more
Tribe Daily
Market Summary
Nifty declined as Investors became wary ahead of USA Inflation Data report.
Companies
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.
Sectors
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.
Market News
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)
Market Sentiment
Expert of The Day
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
Budget 2023 should stay the course. (Source: Money Control)
Expect the Center to address fiscal stress faced by the states. (Source:Money Control)
Budget 2023 challenges amid global distress. ( Source: Money Control)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?