Market WRAP: Nifty closes at 17,250; IT soars, FMCG and media tumble
Market WRAP: Nifty closes at 17,250; IT soars, FMCG and media tumble

Market WRAP: Nifty closes at 17,250; IT soars, FMCG and media tumble

TCS jumped 1.75 per cent ahead of its Q2 FY22-23 results. Axis Bank, HDFC Life, and Maruti Suzuki also joined the top gainers’ list.

Rohit Kale Article rating: 3.8

The broader indices witnessed a good recovery from their day’s low on a volatile trading day. Nifty slipped 0.43 per cent but managed to close at 17,250 while Sensex plummeted 200 points.

What does market expect from RBI Monetary Policy meeting?
What does market expect from RBI Monetary Policy meeting?

What does market expect from RBI Monetary Policy meeting?

With RBI Monetary Policy Committee meeting around the corner, the market shall be keenly watching this event to understand RBI’s stance on red-hot inflation.

Rohit Kale Article rating: 4.0

In context to market expectations from Friday’s RBI MPC meet, Sumit Chanda, Founder & CEO of JARVIS Invest says, “While there have been some indications of the inflation moderating, with the Brent being still above the $100 mark and a falling rupee, we can expect RBI to hike the repo rate by about 50 bps.

Nifty closes below 16,000; IndusInd Bank, HDFC, and Bharti Airtel emerge as top losers
Nifty closes below 16,000; IndusInd Bank, HDFC, and Bharti Airtel emerge as top losers

Nifty closes below 16,000; IndusInd Bank, HDFC, and Bharti Airtel emerge as top losers

JSW Steel, HUL, and Cipla emerged as the top gainers amongst Nifty stocks while IndusInd Bank, HDFC & Bharti Airtel were the top losers.

Rohit Kale Article rating: 5.0

Indices traded lower for the most part of the day. Nifty slipped 0.57 per cent while Sensex shredded 347 points. However, Nifty Midcap and Nifty Smallcap closed marginally higher.  

Bulls cheer as Nifty closes above 16,400, led by energy, IT, and pharma
Bulls cheer as Nifty closes above 16,400, led by energy, IT, and pharma

Bulls cheer as Nifty closes above 16,400, led by energy, IT, and pharma

Bajaj Auto, BPCL, Dr Reddy’s Laboratories, and Reliance Industries emerged as the top gainers amongst Nifty stocks

Rohit Kale Article rating: 5.0

Indices witnessed a spectacular rally in the last one hour while Nifty rose 0.74 per cent to close at 16,478.10.

Nifty closes below 17,200; Infosys and HDFC twins emerge as top losers
Nifty closes below 17,200; Infosys and HDFC twins emerge as top losers

Nifty closes below 17,200; Infosys and HDFC twins emerge as top losers

Nifty FMCG outperformed the other indices and gained about 0.60 per cent. However, Nifty IT slipped about 4.58 per cent.  

Rohit Kale Article rating: 3.0

Indices recovered towards the end of the trading session. Nifty recovered about 120 points to close at 17,173.65.

Opening Bell: Bloodbath on the bourses; auto, banks, realty drag, whereas metals shine!
Opening Bell: Bloodbath on the bourses; auto, banks, realty drag, whereas metals shine!

Opening Bell: Bloodbath on the bourses; auto, banks, realty drag, whereas metals shine!

On Monday morning the markets fell sharply, as the Asian markets globally plunged by 3 per cent amidst weaker global cues.

Sayali Kotwal Article rating: 5.0

On Monday morning the markets fell sharply, as the Asian markets globally plunged by 3 per cent amidst weaker global cues. The International Monetary Fund, on Saturday, said that the war between Russia and Ukraine will have a severe effect on the global economy as the commodities prices have already surged, coupled with the harm to human life and the unprecedented sanctions on Russia. 

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