The Indian Stock market was under massive volatility. But both Nifty and Sensex exhibited resilience and grew by 1.2% and 2.4%, respectively, over the week. Midcaps (0.35%) and Smallcaps (1.73%) also had the same story.
Most sectors closed in positive. FMCG (2.75%) and Pvt Banks (1.13%) were the top gainers. Metals (-8.55%)and Energy (-3.28%) were the major losers. The energy sector is making its second consecutive appearance among the major losers.
What happened 📝
Adani Enterprises tanked 25% after they called off their Rs 20,000 cr FPO. On Friday, it dropped -35% intraday after being removed from Dow Jones Sustainability Indices. The stock rebounded from the lows (~50%) to end flat after Fitch and Moody’s retained their credit rating on Adani Group companies. 🚀
Tata Motors has increased car prices from Feb 1. 🚘
Hinduja Global will buyback 60 lakh shares at Rs 1,700 apiece; +30% from current levels. 💸
Ultratech Cement will buy a 70% stake in Oman’s DUQM Cement for $2.25 million. ✅
Britannia was the top gainer on Nifty after blockbuster Q3 results. 💯
ITC rallied +5% intraday to hit a new all-time high. 🚀
IDFC First Bank Promoters will invest Rs 2,200 cr in the lender. 💸
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Vijay Kedia’s portfolio review📝
We are covering the portfolio of one of the most prolific investors in India, Vijay Kedia. Here are his top 3 holdings:
Vijay Kedia holds a 2% stake in Tejas Networks, India’s largest telecom equipment manufacturer. His stake is valued at a whopping Rs 200 cr! Read about the rest of his portfolio holdings 👇
Stocktwits & Business Insider Leaderboard 🚀
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How to use Stocktwits 📱
Here are a few features you should be using on Stocktwits that’ll help you make better investment decisions.
Top Stocktwits Content for the week 🔥
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