Daily Market Update: 20th January 2022

 Key Highlights of the Day

• India Rating projects economy to grow at 7.6% in FY23
• FDI flows to India slip 26% in 2021: UN report
• ICICI Lombard Q3 earning muted, but the stock is a long-term compounder
• China cut key rates, stepping up monetary stimulus effort to underpin economy
• Wall Street sell-off deepens, Nasdaq confirms correction

SENSEX: 59464.62 (-634.20)  

NIFTY: 17757.00 (-181.40)

Nifty Bank: 37850.85 (190.50)

NIFTY IT: 36662.20 (-619.50)

 

Top Gainers

Power Grid Corp: 214.65 (+4.89%)

Bharti Airtel: 715.40 (+1.66%)

Grasim: 1831.00 (+1.36%)

 

Top Losers

Bajaj FinServ: 17258.95 (-4.53%)

Bajaj Auto: 3308.75 (-3.73%)

Divis Labs: 4329.75 (-3.39%)