Yes Bank (+11%), V Guard Industries (+3%) and more
Market Summary
Nifty declined as Nifty IT and Nifty Realty underperformed.
Companies
ITC (+2%) rose as rural demand improved for premium products. HCL Tech (-7%) slumped after the company's management indicated slower growth in FY23. Infosys (-3%) declined after the company commenced a Rs 9,300 cr share buyback plan.
Sectors
Nifty FMCG (+1%) rose due to strong performance of Nestle India, ITC and Britannia. Nifty IT (-3%) declined due to weak performance of HCL Tech, Infosys, Wipro and TCS.
News of The Day
1. Marico Ltd (+3%) after the company’s arm acquired Vietnamese company Beauty X for Rs 172 cr. (Investing)
2.Yes Bank (+11%) rose after the bank received the RBI's nod for CA Basque and Vervente Holdings Limited investments. (Money Control)
3.Bajaj Consumer Care (+1%) rose after the company's board approved a share buyback of Rs 80 cr via an open market route. (CNBC TV 18)
4.V Guard Industries (+3%) rose after the company acquired Sunflame Enterprise for Rs 660 cr. (Money Control)
5.Vadilal Industries (+4%) rose after the board gave a nod to buy the Vadilal brand from promoter group entity Vadilal International. (Business Standard)
Market Sentiment
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