Daily stock market update 30sep2022
Sensex 57,426.92 ▲ 1.80%
Nifty 17,094.35 ▲ 1.64%
The stock markets closed in the green after 7 days. All sectoral indices ended up today with bank and financial services stocks rising the most.
RBI announced a repo rate hike of 0.50%
Airtel: will launch 5G services in Varanasi and Ahmedabad tomorrow.
NIFTY 50 TOP GAINER
| Company | Value | Change |
|---|---|---|
| Hindacol | Rs390.55 | +5.21% |
| Airtel | Rs 799.90 | +4.61% |
| IndusInd Bank | Rs 1,185.20 | +3.76% |
| Bajaj Finance | Rs 7,335.75 | +3.25% |
| Kotak Mahindra | Rs 1,819.20 | -3.05% |
NIFTY 50 TOP LOOSER
| Asian Paints | Rs 3,342.45 | -1.25 % |
| Shree Cements | Rs 21,033.10 | -1.19%% |
| Coal India | Rs 212.25 | -0.77% |
| Dr Reddys Labs | Rs 4,335.70 | -0.57% |
| Britannia | Rs 3,843.05 | -0.56% |
RBI hikes repo rate
RBI has hiked the repo rate by 0.50% in a bid to control inflation.
Repo rate now stands at a 3-year high of 5.90%.
RBI Governor Shaktikanta Das mentioned that inflation is likely to come close to the target of 4% in 2 years.
OTHERS
GDP growth for 2022-23 is estimated at 7% and inflation is expected at 6.7%.
+The output of 8 core infrastructure sectors including coal and crude oil grew 3.3% in August- lowest in nine months.
+India's fiscal deficit for the first 5 months of the current financial year stood at Rs 5.42 lakh cr or 32.6% of annual estimates.
+PM Modi will launch 5G services tomorrow in select cities.
stocks in the news
Tata Group: Air India announced 20 additional flights every week to Birmingham, London and San Francisco.
Dilip Buildcon: declared as the lowest bidder for Phase-2 of the Ahmedabad Metro Rail project.
Goa Carbon: has temporarily shut its Goa unit for maintenance work.
Leisure: commenced operations of multiplex theatre at Srinagar.
Heritage Foods: announced a 1:1 rights issue.
Motherson Sumi Wiring: announced a 2:5 bonus share issue.
Others index
Gold
Rs 50,273
+1.25
%
Silver
Rs 56,612
+0.90%
USD-INR
Rs 81.34/USD
-0.64%
Dow Jones
Rs 29,225.61
29 Sep22
-1.54%
Nasdaq:
Rs 10,737.51
29 Sep22
-2.84%
A fall in the USD INR rate indicates that the Rupee is getting stronger as compared to the US dollar, hence it is presented in green. A rise represents weakening of the Rupee as compared to the US dollar, hence it is shown in red.
Knowledge corner
Depository
| Gold | Rs 50,273 | +1.25 % |
| Silver | Rs 56,612 | +0.90% |
| USD-INR | Rs 81.34/USD | -0.64% |
| Dow Jones | Rs 29,225.61 29 Sep22 |
-1.54% |
| Nasdaq: | Rs 10,737.51 29 Sep22 |
-2.84% |
A depository is like a securities bank.
Securities such as shares, debentures, bonds, and government securities are stored in digital form with depositories.
In India, there are 2 depositories: National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL).
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Business