Daily Market Update: 16th March 2022

Key Highlights of the Day

• Singapore Exchange picks TCS as partner for NSE IFSC-SGX Connect in Gift City
• Market expects quarter percentage point rate hike by Fed
• Samsung Electronics sees strong year for chip and components unit: CEO
• UK PM Boris Johnson calls on world to wean off Russian oil, gas
• BMW cuts 2022 profit forecast for car segment due to Ukraine war

SENSEX: 56,816.65 (+1039.80)

NIFTY: 16,975.35 (+312.35)

Nifty Bank: 35,748.25 (+725.60)

NIFTY IT: 35,729.65 (+631.80)

 

Top Gainers

UltraTech Cement: 6,305.90 (+4.73%)

Axis Bank: 723.85 (+3.68%)

IndusInd Bank: 928.65 (+3.57%)

 

Top Losers

Cipla: 1,055.80 (-1.15%)

Sun Pharma: 889.20 (-0.27%)

Power Grid Corp: 209.35 (-0.14%)