Nifty, Sensex in a free fall– Weekly closing report
Moneylife Digital Team 21 January 2022
We had mentioned in previous week’s closing report that Nifty, Sensex may try to push higher.
 
The major indices opened lower this week and closed with loss.
 
 
On Monday, the indices opened gap up and ended with gain. On the National Stock Exchange (NSE), 1,258 stocks advanced, 821 declined and 67 remained unchanged with advance decline ratio of 1.53, indicating strength in broader markets.
 
Indian Oil Corporation will invest Rs 7,000 crore to set up city gas distribution network in licensed cities.
 
Maruti Suzuki has increased prices of its models by up to 4.3%. Hero Motocorp will invest additional Rs 420 crore in Ather Energy.
 
On Tuesday, the indices opened gap up and ended deeply in red. On the National Stock Exchange (NSE), 484 stocks advanced, 1,573 declined, and 43 remained unchanged with advance decline ratio of 0.31.
 
Tata Motors has raised the prices of its passenger vehicles by an average of 0.9% from 19 Jan. The company has also taken a price reduction of up to Rs 10,000 on specific variants.
 
Nazara Technologies will acquire 55% stake in programmatic advertising and monetization company Datawrkz for Rs124 crore. Tech Mahindra’s board has approved the acquisition of Com Tech Co IT.
 
On Wednesday, the indices opened gap up and ended in the red. On the National Stock Exchange (NSE), 930 stocks advanced, 1,109 declined, and 51 remained unchanged with advance decline ratio of 0.84.
 
Hero Electric has tied up with Mahindra to manufacture its e-bikes Optima & NYX at their Pithampur plant to meet the growing demands. Tata Motors has launched its CNG segment vehicles with Tiago and Tigor variants.
 
Reliance Jio has paid Rs 30,791 crore to Department of Telecom towards deferred liabilities pertaining to spectrum acquisition prior to March 2021. 
 
On Thursday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 1,047 stocks advanced, 1,069 declined, and 52 remained unchanged with advance decline ratio of 0.98.
 
Three independent directors of PTC India Financial Services have resigned on account of lapses in corporate governance and compliance.
 
SMS Pharma has received non-exclusive license to manufacture and supply Molnupiravir.
 
On Friday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 483 stocks advanced, 1,577 declined, and 39 remained unchanged with advance decline ratio of 0.31.
 
HDFC Life’s Q3FY21-22 net premium income increased by 27.8% to Rs 12,124 crore on a y-o-y basis and the profit increased by 3.3% to Rs 273.7 crore.
 
HUL’s Q3FY21-22 revenue increased by 10.4% to Rs 13,092 crore on a y-o-y basis and the net profit increased by 16.8% to Rs 2,243 crore.
 
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