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Saturday, May 21, 2022
Trading

Indian indices trade lower amid volatility

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The S&P BSE Sensex, was down 132.96 points or 0.23% to 57,488.23 and the Nifty 50 index lost 33.90 points or 0.20% to 17,179.70

The key Indian equity indices are trading lower in early trade amid volatility. The Nifty was trading below the 17,200 mark.

At 3:56 GMT, the barometer index, the S&P BSE Sensex, was down 132.96 points or 0.23% to 57,488.23. The Nifty 50 index lost 33.90 points or 0.20% to 17,179.70.

Maruti Suzuki (up 2.39%), Titan Company (up 1.09%), Eicher Motors (up 0.89%), Bajaj Finserv (up 0.87%) and Tata Steel (up 0.81%) were the top index gainers.

Tata Consumer (down 1.28%), SBI (down 0.97%), Power Grid Corp (down 0.80%), NTPC (down 0.79%) and ONGC (down 0.64%) were the top index losers.

In the broader market, the S&P BSE Mid-Cap index slipped 0.21% while the S&P BSE Small-Cap index declined 0.44%.

The market breadth was negative. On the BSE, 1,287 shares rose and 1,340 shares fell. A total of 101 shares were unchanged.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will meet on 8-10 February 2022. The RBI’s MPC will announce its interest rate decision on 10 February 2022.

TVS Motor Company advanced 3.60% to Rs 659.75 after the company posted an 8.5% increase in standalone net profit to Rs 288.31 crore on a 5.8% rise in net sales to Rs 5,706.43 crore in Q3 FY22 over Q3 FY21.

Biocon gained 0.64% to Rs 402.50. Biocon Pharma, a subsidiary of Biocon, received approval of its ANDA for Posaconazole Delayed-Release tablets from the US FDA. This product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems.

National Aluminium Company was up 0.08% to Rs 119.10. The company reported 246% surge in consolidated net profit to Rs 831 crore on 58.59% rise in total revenue to Rs 3773 crore in Q3 FY22 over Q3 F21.

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