Daily Market Update: 17th March 2022

 Key Highlights of the Day

• RBI extends Rajeev Ahuja's term as RBL Bank MD & CEO for three more months
• Oil surges 7% amid warnings of Russian supply shortages
• I-T department has made highest tax collection in its history: CBDT Chairman
• Advance tax collections jump 41%; net direct tax mop-up soars 48%
• Moody’s lowers India's GDP growth forecast to 9.1% from 9.5% for 2022

SENSEX: 57,863.93 (+1,047.28)

NIFTY: 17,287.05 (+311.70)

Nifty Bank: 36,428.55 (+680.30)

NIFTY IT: 35,643.60 (-86.05)

 

Top Gainers

HDFC: 2,415.25 (+5.37%)

JSW Steel: 685.10 (+4.56%)

Titan Company: 2,703.00 (+4.47%)

 

Top Losers

Infosys: 1,854.60 (-1.84%)

Cipla: 1,048.50 (-0.69%)

IOC: 121.35 (-0.49%)

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%)

Daily Market Update: 15th March 2022

 Key Highlights of the Day

• India said to plan $3.3 billion sovereign green bond issue
• China denies US claim that Russia asked for help in Ukraine
• Tesla increases prices of some China-made vehicles by about 5%
• Berkshire Hathaway stock price reaches $500,000
• Joe Biden expected to meet with NATO leaders in Brussels on Russia-Ukraine

SENSEX: 55,776.85 (-709.17)

NIFTY: 16,663.00 (-208.30)

Nifty Bank: 35,022.65 (-289.50)

NIFTY IT: 35,097.85 (-930.85)

 

Top Gainers

Tata Consumer Products: 748.60 (+3.65%)

M&M: 761.20 (+2.42%)

Shree Cements: 22,800.50 (+1.96%)

 

Top Losers

Hindalco: 559.75 (-5.26%)

Tata Steel: 1,233.75 (-4.88%)

ONGC: 163.75 (-4.69%)

Daily Market Update: 14th March 2022

 Key Highlights of the Day

• Government plans LIC public issue around May after markets calm down
• Paytm Payments Bank asked to appoint IT auditor on RBI’s terms
• Hero Electric ties up with L&T Finance for retail finance
• Ukraine says Russia talks focus on ceasefire, troop withdrawals and security guarantees
• Sobha shares decline after MD Jagdish Chandra Sharma resigns

SENSEX: 56,486.02 (+935.72)

NIFTY: 16,871.30 (+240.85)

Nifty Bank: 35,312.15 (+765.90)

NIFTY IT: 36,028.00 (+679.30)

 

Top Gainers

Infosys: 1890.70 (+3.77%)

HDFC Bank: 1,442.55 (+3.28%)

SBI: 485.15 (+3.15%)

 

Top Losers

IOC: 120.80 (-2.34%)

ONGC: 171.80 (-2.22%)

HUL: 2059.30 (-1.68%)