Share Market

Among the sectoral indices, Nifty IT, realty and financial services tanked the most on Thursday, while Nifty auto and consumer durable traded in the green, the NSE data showed. On the specific stocks front, HDFC, ONGC, SBI Life, Grasim Industries, Infosys were the top losers, while Hero Motocorp, Bajaj Auto, Divi's Labs, Maruti Suzuki, and ITC the top runners.

In the past one-month period, Nifty bank index rose nearly 11 per cent to 39,330 points. Just on Wednesday, it gained over 2 per cent. Besides, credit card spending also continued to be strong, the brokerage house said. During the past month, Nifty PSU bank and Nifty private bank rose 21 per cent and 10 per cent, respectively. On Wednesday too, these two indices jumped sharply.

Initially, the domestic equity market opened higher and remained in the green without any major correction. Globally, shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month. Amongst sectors Realty, Consumer Durables, Banks, IT and healthcare indices rose the most. Consequently, the Sensex closed at 59,558.33 points, up by 695.76 points or 1.18 per cent.

Initially, the market opened gap up, rose in the early part of the day's trade but fell sharply post the Budget speech. Nevertheless, it recovered to close to intra-day high. At the end of the day, Sensex settled at 58,862 points, up 1.5 per cent, whereas Nifty settled at 17,576 points, up 1.4 per cent, from their previous close.

The net profit rose to Rs 5,861 crore from Rs 4,917 crore reported for the corresponding quarter of FY 2020-21 due to higher refining margin during the current quarter. Besides, the company's revenue from operations increased to 197,172 crore in Q3FY22 from Rs 146,465 crore in the corresponding quarter of FY21.

Making its market debut on December 21, 2021, with over 50 premium over its issue price at Rs 1,565 on the National Stock Exchange, it had evidently attracted eyeballs of the potential investors during the IPO subscription. Its issue price was Rs 1,033. Founded in 1995, headquartered in New Delhi, MapmyIndia builds digital map data, telematics services, location-based Software-as-a-Service and GIS AI technologies.

Prices of Aviation Turbine Fuel (ATF) typically take cues from benchmark crude oil for price discovery. According to reports, earlier in the month, ATF price was hiked by Rs 2,039.63 per kilolitre, or 2.75 per cent, to Rs 76,062.04 per kilolitre in Delhi. Global crude oil prices are currently at around a seven-year high.

It picked the engineering and construction entity as its top pick on the back of the company's strong order book and good revenue outlook. Larsen & Toubro (L&T) deals in EPC (engineering, procurement and construction) projects, hi-tech manufacturing and services. It primarily operates in infrastructure, heavy engineering, defence engineering, power, hydrocarbon, and services business segments.

In its meeting on Wednesday, the Federal Open Market Committee kept its policy interest rate "near zero" and stated its expectation that an increase in this rate would "soon be appropriate". Accordingly, Sensex settled at 57,276 points, down 1 per cent or 581 points from its previous close, whereas Nifty settled at 17,110 points, down 1 per cent or 167 points from its previous close.

Stock markets in Asia have tumbled to their lowest in nearly 15 months after America's central bank chief confirmed widely expected plans to increase interest rates this year, beginning in March, The Guardian reported. With investors also concerned about political tensions between Russia and Ukraine, supply chain problems, and rising oil prices, the prospect of sustained increases in the cost of borrowing by the world's most powerful economy sent a spasm of anxiety through financial markets on Thursday.