The commodity market sentiment got hit in the past fortnight as major agencies reduced global growth estimates, central banks reaffirmed their aggressive monetary stance and China grappled to control its virus situation.

Equity dedicated funds on an average have performed better than their benchmark.

It is an agro-product company involved in manufacturing, processing & trading a large variety of rice, wheat, and other food grains with its preliminary focus on branded basmati rice.   

A group of 7 nations (G7) are contemplating a cap on Russian oil prices to limit Russia’s economic strength from crude oil. In reaction, the crude oil surged given that UAE has expressed its inability to increase oil production, not having any spare capacity. Brent Crude is trading at USD 113 per barrel. In effect, the markets were trading in red and closed almost flat. 

Two stocks that have surged in the recent hike in crude oil prices are MRPL and CPCL

Benchmark indices settled the trading session on a flat note with Sensex settling 16.17 points or 0.03 per cent up at 53,177.45 level while Nifty was 18.20 points or 0.11 per cent up at 15,850.20 level. 

BSE Smallcap index recorded gains of 0.24 per cent to close at 24,965.24.

Indices recovered towards the end whereas Nifty closed higher by 18 points. However, Nifty Midcap and Nifty Smallcap closed on a mixed note.   

In Q4FY22, the financial performance of the pharma companies was affected by the rising raw material & freight costs. Despite the pressure on margins, some pharmaceutical companies managed to showcase decent financial performance in Q4FY22. 

In the current scenario of international volatility and inflationary concerns, Rajiv Shastri, Director and CEO, NJ Asset Management Private Limited, offers some valuable guidance. 

Interestingly, before the beginning of Tuesday’s session, there were two stocks in the F&O ban namely, Delta Corp and Sun TV.