Daily Market Update: 23rd May 2022

 Key Highlights of the Day

• Oil prices pose risk of global recession, producers need to act responsibly: IEA's Birol
• Metal stocks melt down as government imposes export duties
• Prime Minister Narendra Modi meets Softbank chief Masayoshi Son
• Indonesia set to resume palm oil exports but policy uncertainty persists
• China lockdowns, war risk derailing global jobs recovery: ILO

SENSEX: 54,288.61 (-37.78)

NIFTY 50: 16,214.70 (-51.45)

Nifty Bank: 34,247.60 (-28.80)

NIFTY IT: 29,079.30 (+289.90)

BSE Midcap: 22,449.32 (-57.53)

BSE Smallcap: 26,182.06 (-169.23)

 

Top Gainers

M&M: 941.90 (+4.22%)

Maruti Suzuki: 7,897.45 (+4.10%)

HUL: 2,379.80 (+2.32%)

Top Losers

JSW Steel: 547.55 (-13.24%)

Tata Steel: 1,022.95 (-12.61%)

Divis Labs: 3,897.90 (-9.45%)