Budget 2022: Big boost to renewable energy and distribution!
Budget 2022: Big boost to renewable energy and distribution!

Budget 2022: Big boost to renewable energy and distribution!

The government plans to allot Rs 1,400 crore for 123 MW hydro and 27 MW solar projects in India.

Rohit Kale Article rating: 5.0

The government plans to allot Rs 1,400 crore for 123 MW hydro and 27 MW solar projects in India.

Budget 2022: Insurance sector stays muted
Budget 2022: Insurance sector stays muted

Budget 2022: Insurance sector stays muted

LIC IPO will be expected shortly, and the government aims to raise about Rs 1,200 crore via IPO.  

Rohit Kale Article rating: 5.0

The insurance sector was widely anticipating a GST cut in the insurance products but to no avail.

Nifty wipes all its gains, dragged by auto and banks
Nifty wipes all its gains, dragged by auto and banks

Nifty wipes all its gains, dragged by auto and banks

After a promising start for the day, Nifty came under selling pressure towards the end and lost all its gains.  

Rohit Kale Article rating: 5.0

The benchmark index fell nearly 300 points from the intraday high and ended at 17,101, down by 8 points.

Indices end lower amid volatility; IT drags; banks and media support the market
Indices end lower amid volatility; IT drags; banks and media support the market

Indices end lower amid volatility; IT drags; banks and media support the market

The benchmark index displayed a phenomenal recovery as it closed at 17,110 on the day of expiry.   

Rohit Kale Article rating: 5.0

A major supporter of the market was Nifty PSU Bank, which surged about 5.07 per cent while media and auto indices ended higher. Meanwhile, Nifty IT slipped about 3.55 per cent.   

Nifty snaps five-day losing streak; banks, auto, realty stocks gain
Nifty snaps five-day losing streak; banks, auto, realty stocks gain

Nifty snaps five-day losing streak; banks, auto, realty stocks gain

It was a broad-based rally as Nifty Midcap and Nifty Smallcap surged nearly a per cent higher. Moreover, India VIX crashed over 6 per cent.

Rohit Kale Article rating: 4.5

It has been a sign of relief for the bulls as Nifty recovered about 450 points from its day’s low to end at 17,277, up by 0.75 per cent.

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