Dear Millionaires,
Metal Stocks and Pharma Stocks Rallied Today
. Is it time to buy Tata Steel & Hindalco?
Why Reliance fell today?
Market Update is a new playlist in our MMM channel introduced to cover the important data like previous day chart, results, top stocks, dividend and break out stocks for trading with ease.
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News Corner
•Market Update: The Sensex ended 316.02 points or 0.73 percent higher at 43,593.67, while the Nifty gained 118.05 points or 0.93 percent to settle at 12,749.15. Nifty Bank advances 239 points to 28,845
•Gold futures gold futures for December delivery fell 0.12 percent to Rs 50,438 per 10 grams
• Silver futures traded 0.54 percent lower at Rs 62,704 per kg.
•Government's Rs 2 lakh crore PLI scheme for 10 sectors boosts stocks like Minda Industries and Solara Active Pharma
•Godrej Industries The company's net profit fell 44.8 percent to Rs 205.3 crore from Rs 372.2 crore while revenue declined 9.2 percent to Rs 2,386.3 crore from Rs 2,628.7 crore, YoY..
•Tata Steel gains 8% on reports of company finalizing European business sale
•L&T bags orders in the range of Rs 1,000-2,500 crore
•Bharat Forge's net profit drops 71.3% YoY, comes in at Rs 70.2 cr. Co reports a tax expense of Rs 18.9 cr Vs Rs 6.3 cr (YoY) & other income of Rs 31.3 cr Vs Rs 49.5 cr (YoY).
•KPIT Technologies' share price climbs 8% on large deal win from BMW Group
•Wipro's shares traded 0.09 percent higher to Rs 342.6 per share on the NSE after the company won a multi-year contract for software engineering services from ThoughtSpot.
•Shares of M&M rose 4 percent on Wednesday after the firm's revenue was ahead of estimates, up 6 percent in the September quarter at Rs 11,590 crore as against Rs 10,935 crore a year ago
•Yes Bank shares hit 5% upper circuit after MSCI inclusion
•Hindalco Industries | CMP: Rs 207.80 | The stock price jumped 8 percent after CLSA retained buy on the stock with target of Rs 270 per share. The company's revenue from operations during July-September quarter rose to Rs 31,237 crore from Rs 29,657 crore in the year-ago period
•Pfizer | CMP: Rs 5,205 | The stock was up over 2 percent after the company announced that its coronavirus vaccine was more than 90 percent effective in preventing infection
•Bata India | CMP: Rs 1,328 | The share price was down over 2 percent after the company reported loss in the quarter ended September 2020. The company reported loss at Rs 44.3 crore in Q2FY21 against profit at Rs 71.3 crore, however its revenue plunged to Rs 367.9 crore from Rs 722 crore YoY.
•VST Tillers surges 10% on robust September quarter results
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