Maruti Suzuki India Ltd informed the exchange about consolidated financial results issued by Suzuki Motor Corporation in Japan.

During mid-afternoon trade, the domestic equities came close to a flat line, shrinking major cuts. All sectors closed in the red with the exception of finance, bankex, oil & gas, and realty. On Wednesday, the European stocks were up across the board while Asian markets were mainly up. In Europe, German inflation hit 7.4 per cent in April, the highest level since 1981.  

Markets have been trending down in April 2022, and the consequence may be seen in net inflows for the month. Continue reading to know more.

Indices witnessed a splendid recovery towards the end and Nifty recovered about 180 points to close at 16,167.10.

Mahanagar Telephone Nigam Ltd, Gujarat Gas Ltd and Elecon Engineering Co Ltd are today’s mid-day movers. 

Only the Bankex sector, out of all others, witnessed buying. During the session, metal, IT, and FMCG equities were among the worst performers. Inflation in the consumer sector also increased faster than projected. The consumer price index (CPI) increased by 2.1 per cent from a year ago, the quickest rate in five months, after growing by 1.5 per cent in March. 

At noon on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply amidst weak global cues. Asian markets gained as the inflation data released by the Chinese Government was not as bad as expected. This proved to be a relief for the Asian markets, which were trading higher by 1 per cent.

In the tussle between the bulls and the bears, the bulls seemed to overpower the bears today. 

Chemplast Sanmar Limited, a speciality chemicals company, which is India’s dominant producer of specialty paste PVC, announced its audited financial results for the quarter and year ended on March 31, 2022.  

The month of April was a wicked one for the stock markets across the world and Indian markets were no exception as Nifty plunged 2 per cent.