Market Highlights: Sensex rises 929 points, Nifty ends above 17,600 led by banks and financial stocks

The S&P BSE Sensex ended at 59,183.22, up 929.40 points or 1.60 per cent, while the Nifty 50 settled at 17,625.70, up 271.65 points or 1.57 per cent.

India’s Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country’s antitrust agency had suspended a 2019 deal which Amazon used to assert its rights over Future. Click here to read

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 21.96 per cent increase in its standalone revenue from operations at Rs 9,065.02 crore for the third quarter ended on December 31, 2021.

The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing. Click here to read

Shares of Tata Motors on Monday gained nearly 4 per cent after the company reported a 50 per cent jump in total passenger vehicle sales in December 2021.

The stock jumped 3.59 per cent to Rs 499.70 on the BSE. On the NSE, it gained 3.60 per cent to Rs 499.80. Click here to read

Last week, the Reserve Bank of India (RBI) released its latest Financial Stability Report (FSR). As the name suggests, it details the state of financial stability in the country, and it is prepared after taking into account the contributions from all financial sector regulators. In other words, it details the current status of different financial institutions such as all the different types of banks and non-banking lending institutions. It also maps the state of credit growth and the rate at which borrowers are defaulting on paying back loans. Click here to read

India’s manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday.

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.5 in December, from November’s ten-month high of 57.6. Click here to read

Asian stock markets were mixed Monday on 2022's first trading day after Wall Street ended last year with a double-digit gain.

Hong Kong retreated while Seoul gained. Markets in Japan, China and Australia were closed.

Wall Street's benchmark S&P 500 index slipped Friday amid lingering worries about the coronavirus's omicron variant but ended 2021 with an annual gain of 26.9%.

The Hang Seng in Hong Kong lost 0.3% to 23,332.13 while Seoul's Kospi rose 0.3% to 2,987.29.

Singapore, Jakarta and Malaysia advanced. Thai markets were closed.

Also Monday, Singapore's government announced its economy grew by 7.2% last year, rebounding from the previous year's 5.4% contraction.

On Friday, the S&P 500 slipped 0.3% to 4,766.18. The Dow Jones Industrial Average slid 0.2% to 36,338.30. The Nasdaq fell 0.6% to 15,644.97.

(AP)

Sensex jumps 339.99 pts to 58,593.81 in early trade on first trading day of 2022; Nifty rises 108.90 pts to 17,462.95.

(PTI)