Daly Market Update: 6th May 2022

 Key Highlights of the Day

• L&T announces merger of L&T Infotech and Mindtree
• Axis AMC suspends 2 fund managers for 'potential irregularities', says 'zero tolerance' for non-compliance
• Zomato founder Deepinder Goyal to donate ESOP proceeds worth Rs 700 crore to Zomato Future Foundation
• COVID took 15 million lives globally, not the 5 million reported: WHO
• Jump in March, April inflation may have forced RBI to do mid-term hike

SENSEX: 54,835.58 (-866.65)

NIFTY 50: 16,411.25 (-271.40)

Nifty Bank: 34,591.20 (-641.65)

NIFTY IT: 30,719.45 (-713.00)

BSE Midcap: 23,129.61 (-485.63)

BSE Smallcap: 27,092.41 (-581.56)

 

Top Gainers

Hero MotoCorp: 2,563.35 (+2.47%)

Tech Mahindra: 1,290.75 (+2.17%)

Power Grid Corp: 238.40 (+1.99%)

 

Top Losers

Bajaj Finance: 6000.30 (-4.90%)

Divis Labs: 4,165.85 (-4.58%)

Shree Cements: 23,973.65 (-4.44%)

Daily Market Update: 5th May 2022

 Key Highlights of the Day

• Adani Power Q4 results: Net profit jumps to Rs 4,645 crore in March quarter
• Bank of England raises key rates to 1% despite looming recession risk
• Inflation in Turkey soars to eye-popping near 70% in April
• Berkshire shareholders overwhelmingly vote to keep Warren Buffett chairman
• India finds Russian oil an irresistible deal, no matter the diplomatic cost

SENSEX: 55,702.23 (+33.20)

NIFTY 50: 16,682.65 (+5.05)

Nifty Bank: 35,232.85 (-31.70)

NIFTY IT: 31,432.45 (+637.85)

BSE Midcap: 23,615.24 (-50.08)

BSE Smallcap: 27,673.97 (-88.62)

 

Top Gainers

Tech Mahindra: 1,263.35 (+4.17%)

Hero Motocorp: 2,501.65 (+3.82%)

Infosys: 1,585.15 (+3.23%)

 

Top Losers

IndusInd Bank: 936.80 (-4.24%)

Tata Consumer Products: 776.35 (-3.35%)

Britannia: 3,277.00 (-3.20%)

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%)

Daily Market Report: 2nd May 2022

 Key Highlights of the Day

• IDBI Bank eyeing 10-12% loan growth in FY23, will cut down bad debt, says MD Rakesh Sharma
• HDFC Q4 net profit surges 16.4% YoY to Rs 3,700 crore, beats estimate
• India's power consumption grows 13.6% to 132.98 billion units in April
• US embassy in Ukraine says it hopes to return to Kyiv by the end of May
• At Rs 1.68 lakh crore, GST collection scales to all-time high in April 2022

SENSEX: 56,975.99 (-84.88)

NIFTY 50: 17,069.10 (-33.45)

Nifty Bank: 36,163.75 (+75.60)

NIFTY IT: 31,138.80 (-483.60)

BSE Midcap: 24,303.98 (-114.06)

BSE Smallcap: 28,361.78 (-250.14)

 

Top Gainers

IndusInd Bank: 1,018.10 (+4.04%)

Coal India: 187.65 (+2.63%)

Tata Steel: 1,295.20 (+1.90%)

 

Top Losers

Apollo Hospital: 4,304.75 (-3.36%)

Eicher Motors: 2,552.50 (-2.96%)

Titan Company: 2,386.55 (-2.91%)