GOOD MORNING!
It was a slow start to the week as the market moved a little sideways on Monday, an uneventful day!
Markets at a glance
IT and Realty indices were up 1-3%, while some selling was seen in the bank, power and oil & gas stocks.
But Midcap and Smallcap indices managed to end in the green.
What’s making headlines?
Reports of unrest and a possible coup in the West African nation of Guinea sent the price of Aluminium to a 10-Year high as the country is the worlds’ biggest supplier of Aluminium ore, Bauxite (AL)
Maruti (NSE: -0.34%) is set to raise prices of select variants by 1.9% (MC)
TCS (NSE: +0.15%) will call workers back to offices by year-end or early 2022, setting a precedence for the IT industry (TN)
Welspun India (NSE: +9.52%) becomes the first Indian company to get US-FDA approval for its 3-ply surgical masks (IIFL)
Where’s the money flowing?
Bangalore based startup Dukaan which helps merchants open online stores raises $11 Million in a Pre-Series A funding round (TC)
Addition invests $76.4 Million in logistics startup Delhivery in Series I round (TC)
Apps For Bharat raised $10 Million in Serie A funding round (EN)
More news?
Ed-Tech startup Upgrad to launch a new vertical of Professional Mentorship (Mint)
Aleor Dermaceuticals received US-FDA approval for its generic Metronidazole gel, a joint venture with Alembic Pharmaceuticals (MC)
Investors can expect IPO share allotments for their applications in Vijaya Diagnostics and Ami Organics this week
The movie Snakes on a plane got a live-action sequel, Ants on a plane as Air India plane aborts take-off of a London based flight *cringe* (MC)