Daily Market Update: 2nd February 2022

 Key Highlights of the Day

• India Inc’s effective tax rate drops to a low of 22.5 percent
• Rupee gains 11 Paise to 74.71 against US dollar in early trade
• KPIT Technologies Q3 net zooms 64% to Rs 70.3 crore
• Denmark first EU nation to lift all domestic Covid curbs to 'live normally' again with Omicron
• In heated meeting, India seeks tougher action from US tech giants on fake news

SENSEX: 59558.33 (+695.76)  

NIFTY: 17780.00 (+203.15)

Nifty Bank: 39330.50 (+825.00)

NIFTY IT: 35788.75 (+417.10)

 

Top Gainers

IndusInd Bank: 975.35 (+5.75%)

Bajaj FinServ: 16706.00 (+5.04%)

HCL Tech: 1170.95 (+3.37%)

 

Top Losers

Tech Mahindra: 1482.95 (-1.51%)

UltraTech Cement: 7441.00 (-1.00%)

Britannia: 3621.05 (-0.97%)

Daily Market Update: 1st February 2022

 Key Highlights of the Day

• Economic growth expected at 9.2% during current fiscal
• Spending on services fell 10% in FY21, say fist revised estimates
• Odisha announces 15% subsidy on purchase of electric vehicles
• US dollar idles after tumble from 19-month peak; Aussie firm before RBA
• Elliott, Vista Equity take Citrix private in $16.5 billion deal

 

SENSEX: 58862.57 (+848.40)  

NIFTY: 17576.85 (+237.00)

Nifty Bank: 38505.50 (+530.15)

NIFTY IT: 35371.65 (+547.10)

 

Top Gainers

Tata Steel: 1167.35 (+7.54%)

Sun Pharma: 891.75 (+6.86%)

IndusInd Bank: 922.30 (+5.76%)

 

Top Losers

BPCL: 378.85 (-4.58%)

IOC: 121.75 (-2.76%)

Tata Motors: 504.30 (-2.60%)

Daily Market Update: 31st January 2022

Key Highlights of the Day

• Economic Survey 2022 pegs FY23 GDP growth at 8-8.5%
• Power sector workers to hold nationwide protest on February 1
• Supreme Court to hear Future Retail petition seeking to quash default notices
• US dollar holds near 18-month high ahead of busy central bank week
• UAE shoots down another Houthi ballistic missile amidst Israeli president's visit

SENSEX: 58014.17 (+813.94)  

NIFTY: 17339.85 (+237.90)

Nifty Bank: 37975.35 (+285.95)

NIFTY IT: 34824.55 (+972.60)

 

Top Gainers

Tech Mahindra: 1479.00 (+4.85%)

Tata Motors: 517.75 (+4.11%)

BPCL: 397.05 (+3.80%)

 

Top Losers

IndusInd Bank: 872.10 (-3.48%)

Kotak Mahindra: 1857.25 (-2.16%)

UPL: 776.50 (-1.74%)