D-Street Newsmakers: Hindalco, Mazagon Dock Shipbuilders and Campus Activewear among stocks that hogged limelight today
Led by weakness in banking, IT and energy stocks, Indian equities ended lower for the fourth straight session in Wednesday’s session. At the close, Nifty ended weak by 0.8 per cent at 22,704.7. On the market performance, Vinod Nair, Head of Research, Geojit Financial Services said weak global cues prompted investors to take profits ahead of the US core PCE data, a key gauge of inflation that is anticipated to rise. He added that the continued soaring of global inflation, like the latest trend in Japan and Australia is diminishing investor expectation of a US Fed rate cut in the near term.
Here are the newsmakers on the D-Street today:
Mazagon Dock Shipbuilder
![Mazagon Dock Shipbuilder Mazagon Dock Shipbuilder](https://cdn.zeebiz.com/sites/default/files/2024/05/29/296423-consumption-and-bfsi-3.png)
Samvardhana Motherson
![Samvardhana Motherson Samvardhana Motherson](https://cdn.zeebiz.com/sites/default/files/2024/05/29/296424-consumption-and-bfsi-2.png)
Campus Activewear
![Campus Activewear Campus Activewear](https://cdn.zeebiz.com/sites/default/files/2024/05/29/296425-untitled-design-2024-05-27t101238412.png)
Hindalco
![Hindalco Hindalco](https://cdn.zeebiz.com/sites/default/files/2024/05/29/296426-consumption-and-bfsi-1.png)