Tata Motors (+1%), HUL (+1%) & more

Tribe Daily

Tribe Wealth

Dec 16, 2022

Market Summary

Nifty fell for 2nd straight session and closes at a one-month low.

Companies

Tata Motors (+1%) rose after the company partnered with Everest Fleet to supply 5,000 units of XPRES-T electric vehicles. HUL (+1%) rose as the company is in talks to buy tea major Girnar.

Sectors

Nifty PSU Bank (-3%) declined due to weak performance of SBI, Canara Bank and Union Bank. Nifty Realty (-2%) declined due to weak performance of Godrej Properties, Prestige and Lodha.

News of The Day

1. TVS Motors sets sight on Europe for EV debut via small buyouts. (Financial Express)

2.ITC (-1%) declined amid low market weakness. (Business Standard)

3.Govts share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr. (Business Standard)

4.GMM Pfaudler (-15%) plunged after 11 million equity shares of the company changed hands on the bourses via a block deal. (Business Standard)

5.Boeing closes in on a large 737 Max order from Tata group’s Air India. (Business Standard)