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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 0 1208 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.

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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 0 613 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.

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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 0 1395 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.  

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