Daly Market Update: 4th May 2022

 Key Highlights of the Day

• RBI hikes repo rate by 40 bps | EMIs set to get expensive, FD rates to edge higher
• Repo rate hike along with cost-push inflation in construction likely to slow down housing market’s growth: Experts
• Expect RBI to raise policy rate by at least 50bp in the June policy meeting, and see a near-term rate pause only around 5.15%, says Barclays Economist
• Adani-owned Mumbai International Airport raises $750 million in debt funding from Apollo
• ECB may hike rates in July to combat extreme inflation: Isabel Schnabel

SENSEX: 55,669.03 (-1,306.96)

NIFTY 50: 16,677.60 (-391.50)

Nifty Bank: 35,264.55 (-899.20)

NIFTY IT: 30,794.60 (-344.20)

BSE Midcap: 23,665.32 (-638.66)

BSE Smallcap: 27,762.59 (-599.19)

 

Top Gainers

ONGC: 162.25 (+3.77%)

Britannia: 3,385.45 (+3.49%)

Power Grid Corporation: 237.60 (+2.61%)

 

Top Losers

Apollo Hospital: 4,013.30 (-6.77%)

Adani Ports: 812.80 (-5.11%)

Hindalco: 461.65 (-4.70%)