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Thursday, January 27, 2022

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

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 59,183.22, up 929.40 points (1.60 per cent), while the Nifty 50 settled at 17,625.70, up 271.65 points (1.57 per cent).

By: Express Web Desk | New Delhi |
Updated: January 3, 2022 4:21:13 pm
The stock market began 2022 on a positive note. (Representative image, source: Pixabay)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) kicked off 2022 with a bang as they surged around 1.6 per cent on the first trading session of the year on Monday led by a rally in banking and financial stocks.

The S&P BSE Sensex rallied 929.40 points (1.60 per cent) to settle at 59,183.22 while the Nifty 50 rose 271.65 points (1.57 per cent) to end at 17,625.70.

On the Sensex pack, the gains were led by Bajaj twins comprising of Bajaj Finserv and Bajaj Finance, along with ICICI Bank, Tata Steel, IndusInd Bank, HDFC Bank, Axis Bank, State Bank of India (SBI), Tata Consultancy Services and Housing Development Finance Corporation (HDFC). On the other hand, Dr. Reddy’s Laboratories, Mahindra & Mahindra (M&M) and Tech Mahindra were among the top laggards.

(with inputs from agencies)

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15:58 (IST)03 Jan 2022
MARKET QUOTE | Vinod Nair, Head of Research at Geojit Financial Services on Monday's market performance

"Domestic bourses kicked off the New Year on a strong footing supported by banking, auto and IT stocks, following positive cues from global markets. Auto stocks were in focus today as investors digested the mixed auto sales numbers amid the ongoing chip shortage. India’s Manufacturing PMI continued to be in the expansion zone at 55.5 in December supported by strong momentum in production and new orders, although the growth was slower on a sequential basis."

15:55 (IST)03 Jan 2022
Equity markets at close

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.

15:23 (IST)03 Jan 2022
Future Retail asks court to declare arbitration with Amazon illegal

India’s Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with 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

13:13 (IST)03 Jan 2022
D-Mart’s Q3 revenue up 22% at Rs 9,065 crore

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

12:34 (IST)03 Jan 2022
Tata Motors shares jump nearly 4% after sales data

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

12:25 (IST)03 Jan 2022
ExplainSpeaking: Key takeaways from RBI’s Financial Stability Report

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

12:24 (IST)03 Jan 2022
India’s mfg activities during Dec see substantial, albeit slower, rise in sales, output

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

10:01 (IST)03 Jan 2022
Global market update

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.


09:59 (IST)03 Jan 2022
Equity market at open

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.


The frontline equity indices on the BSE and National Stock Exchange (NSE) ended the last day of the 2021 calendar on a higher note after they jumped nearly 1 per cent on Friday.

The S&P BSE Sensex surged 459.50 points (0.80 per cent) to end at 58,253.82 while the Nifty 50 climbed 150.10 points (0.87 per cent) to settle at 17,354.05. With this, the Sensex registered a 21.99 per cent rally in 2021 while the broader Nifty recorded a 24.12 per cent hike during the year.

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