Tech Mahindra (+3%), Axis Bank (-2%) & more
Market Summary
Nifty declined due to consistent FII selling and increasing oil prices.
Companies
HCL Tech (+1%) rose due to strong Q3 profits. Infosys (+1%) rose due strong deal pipeline and revenue growth. Adani Enterprise (-3%) declined after the company filed papers for Rs 20,000 cr follow-on issue.
Sectors
Nifty PSU Bank (+2%) rose due to strong performance of UCO Bank, IOB, Union Bank, Central Bank and PNB. Nifty IT (+1%) rose due to strong performance of Tech Mahindra, HCL Tech, Wipro and Infosys. Nifty Media (-1%) declined due to weak performance of INOX Leisure, PVR, Dish TV and DB Corp.
Market News
1. Sula Vineyards (+15%) rose after the company reported strong Q3 results. (Business Today)
2. GPT Infraprojects (+6%) rose after the company bagged orders worth Rs 216 cr. (Money Control)
3.Bank of Maharashtra (+5%) rose due to strong earnings and asset quality improvement in Q3. (Money Control)
4.Federal Bank (+1%) rose after the bank reported a 54% ( to Rs 803.6 cr) rise in standalone net profit. (Mint)
5.PVR Limited (-4%) declined after Kotak Securities Ltd downgraded the stock. (CNBC TV 18)
Market Sentiment
Expert of The Day
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
The Union Budget should take a bifocal view of India’s economy. ( Source: Mint)
The Indian Economy will be marked by contradictions. (Source: Mint)
Why has Davos become an annual pilgrimage foe the wealthy and powerful?
( Source: Money Control)
Latest on our Social:
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?