What’s not

Steel companies were punished. Vedanta, Steel Authority of India, Tata Steel, JSW Steel and Jindal Steel & Power declined 15%, 9%, 7%, 5% and 4%, respectively. NMDC and Tata Sponge Iron fell 2% each. 

 

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Bulk deals

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ML sectoral trends

Shares of airlines companies, packaging companies and telecom equipment companies advanced 22%, 12% and 10%, respectively. Stocks of steel companies and oil & gas companies declined 8% and 5%, respectively, while stocks of trading companies and telecom service companies fell 2% each.

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