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TCS (+1%), SBI Life (-3%) & more

blog.investwithtribe.com

TCS (+1%), SBI Life (-3%) & more

Tribe Daily

Tribe Wealth
Dec 20, 2022
Share this post

TCS (+1%), SBI Life (-3%) & more

blog.investwithtribe.com

Market Summary

Nifty end marginally lower due to weak global cues.


Companies

Adani Enterprise (+2%) after the company launched Consumer App for airport services. TCS (+1%) rose after the company's CEO announced that the company is on the path to double its revenue to $50 billion by 2030.


Sectors

Nifty Oil & Gas (+1%) rose due to strong performance of GAIL, IGL, ONGC and Castrol. Nifty IT (+1%) rose due to strong performance of MphasiS, TCS and COFORGE LTD. Nifty Metal (+1%) rose due to strong performance of APL Apollo, Hindustan Zinc and Nalco.


News of The Day

1.​​ Govt plans tax waivers for IDBI Bank buyers to attract more suitors. (Business Standard)

2.PSP Projects (+6%) rose due to strong revenue visibility. (Business Standard)

3.Vikas Lifecare (+1%) rose after the company's subsidiary bagged an order in Africa. (Economic Times)

4.KFin Technology IPO subscribed by 60%, QIB portion nearly booked. (Economic Times)

5.Axiscades Technology (+5%) rose after the company bagged a repeat order from Airbus to provide engineering services. (Mint)


Market Sentiment


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TCS (+1%), SBI Life (-3%) & more

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