DSIJ Mindshare

The benchmark indices closed Thursday's trading session on a positive note with Sensex gaining 436.94 points or 0.79 per cent at 55818.11 level, and the Nifty adding 105.20 points or 0.64 per cent at 16628 level. Reliance zoomed 3 per cent to settle at one-month high, thus contributing 68 points to the Nifty gains. Market gains were kept in check with HDFC, HDFC Bank and ICICI Bank qualifying as the main losers.

After making a cautious start amid mixed global cues, the Indian benchmark indices ended the day on a negative note with Nifty closing at 16,522 and Sensex ending at 55,381.

Reliance Brands Limited and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40 per cent stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.

On the last day of May 2022, Indian equity markets closed the trading session in negative territory. Financial and IT shares pulled the indices lower whereas gains in metal shares provided some support. Reality and media indices traded with positive momentum and banking and energy stocks witnessed profit booking at higher levels. 

The benchmark indices ended higher for the second consecutive day on the back of positive global cues. A lowering of FII selling made the domestic market comfortable in squeezing volatility. RBI’s upcoming policy meeting will be the key driver in the market, where they are expected to announce an additional policy rate hike of 25-35 bps.