Daily Market Report: 12th May 2022

 Key Highlights of the Day

• Tata Motors reports Q4 consolidated net loss of Rs 1,032 crore; sales slump 11.5% YoY
• Retail inflation may surge to 7.5% in April on costly fuel, rising food prices, forecast economists
• Annual salary hikes inch closer to pre-COVID levels; to be around 8.13% this year: Report
• SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally
• Russia vows response as Finland seeks NATO membership without delay

SENSEX: 52,930.31 (-1,158.08)

NIFTY 50: 15,808.00 (-359.10)

Nifty Bank: 33,532.15 (-1,161.00)

NIFTY IT: 29,756.85 (-293.35)

BSE Midcap: 21,645.13 (-495.84)

BSE Smallcap: 24,995.51 (-500.41)

 

Top Gainers

Wipro: 473.80 (+0.40%)

Top Losers

Adani Ports: 713.30 (-6.13%)

IndusInd Bank: 869.90 (-5.79%)

Tata Steel: 1,1170.70 (-4.12%)