Ultra Tech Cement (+4%), Hindalco (+3%) and more
Ultra Tech Cement (+4%), Hindalco (+3%) and more
Tribe Daily
Market Summary
Nifty hits record high for the fourth consecutive day.
Companies
Hindalco (+3%) and Tata Steel (+3%) gained momentum due to China's unlock plan. Cipla (-1%) plunged after the company called off the deal with Medley due to over-valuation issues.
Sectors
Nifty IT (+3%) gained due to the spectacular performance of TCS, Infosys, and Tech Mahindra. Nifty Oil & Gas (-1%) plunged due to the weak performance of Power Grid Corporation, BPCL, and ONGC.
News of The Day
1.India’s November GST collections at Rs 1.45 lakh cr. (Economic Times)
2.TMB (+3%) rose after the RBI authorised the bank to undertake government business on the behalf of the banking regulator. (Economic Times)
3.Uniparts India IPO sails through on day 2; retail and HNI quota fully booked. (Economic Times)
4.Likhita Infra (+1%) zoomed after Dalal Street veteran Ashish Kacholia picked up a 2% stake in the firm. (Economic Times)
5. Bajaj Auto (-1%) plunged after the company reported a 19.3% fall in November sales. (Economic Times)
Market Sentiment
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