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