iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Market sharply pares losses; Nifty above 17,100

22 Feb 2022 , 02:29 PM

The key equity barometers sharply pared losses in mid afternoon trade. The Nifty regained the 17,100 mark after hitting the days low of 16,843.80 in early trade.

At 14:27 IST, the barometer index, the S&P BSE Sensex, fell 296.06 points or 0.51% at 57,387.53. The Nifty 50 index lost 98.30 points or 0.57% to 17,108.35.

Escalating geopolitical tensions between Russia and Ukraine weighed on the sentiment. There are concerns that rising tensions in Eastern Europe will boost crude oil prices and could spark global supply chain disruption, resulting in rising input costs. Thousands of U.S. and European companies do business with suppliers in Russia and Ukraine. Many of them could be at risk during a prolonged military conflict.

In the broader market, the S&P BSE Mid-Cap index fell 0.87% while the S&P BSE Small-Cap index slipped 1.48%.

The market breadth was weak. On the BSE, 540 shares rose and 2780 shares fell. A total of 88 shares were unchanged.

Numbers to Track:

The yield on 10-year benchmark federal paper rose to 6.749% as compared with 6.693% at close in the previous trading session.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 74.94, compared with its close of 74.55 during the previous trading session.

MCX Gold futures for 5 April 2022 settlement rose 0.58% to Rs 50,366.

The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was trading flat at 96.08.

In the commodities market, Brent crude for April 2022 settlement rose $5.43 or 5.81% to $98.97 a barrel.

Stocks in Spotlight:

ISGEC Heavy Engineering slipped 1.68% to Rs 529.75. The company said that it has commissioned its largest biomass boilers for a bio ethanol project in Thailand for GKBI through an EPC company, Sbang Corp, Thailand.

NHPC added 0.35% to Rs 28.85. The company said that the Sewa-ll Power Station (3 x 40 MW), Mashka (UT of J&K), has successfully restarted power generation from 21 February 2022. The power station under complete shutdown w.e.f. 25 September 2020 due to damage of head race tunnel (HRT).

Marksans Pharma declined 3.02% to Rs 48.15. The company announced that UK MHRA has granted market authorisation to the its wholly owned subsidiary Bell Sons & Co. (Druggists) for Bells Healthcare All in One Oral Solution. Therapeutic use of the product is for short term symptomatic relief of colds, chills and influenza including chesty coughs. This is the first generic approval by UK MHRA for the product.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.