Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
'Overtightening of monetary policy by central banks and the spread of new Covid variants, which may force governments to restart lockdowns or restrict mobility.'
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Former American great Chris Evert has no issue with tournaments handing Maria Sharapova wildcard entries as the Russian former world number one makes her way back from a doping ban, she said on Wednesday.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Wonder why corporate India is showering dividends?
Six-time champion Novak Djokovic's hopes of turning around his season at the Miami Open ended in the second round when he was defeated 6-3, 6-4 by Frenchman Benoit Paire.
Raducanu falls in first match since US Open triumph.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
A defiant Rafael Nadal won an all-Spanish clash of the generations taming teenager Carlos Alcaraz 6-4, 4-6, 6-3 to stretch his winning run to 20 matches on Saturday and clinch a place in the Indian Wells final. He will take on American Taylor Fritz in Sunday's championship in the California desert where a victory would see the 35-year-old equal Novak Djokovic's record of 37 ATP Masters 1000 titles.
Unseeded American Lauren Davis secured the first big upset of the BNP Paribas Open when she ousted third seed Victoria Azarenka of Belarus in the second round in Indian Wells on Friday.
Overseas investors buoyed by recent rate cut by RBI and hopes of a good monsoon
The Indian Wells tennis tournament was set to start on Tuesday, attracts the game's top players from both the men's and women's sides and drew a record 475,000 fans over its two-week run last year. It was cancelled over concerns about the spread of a coronavirus in Southern California.
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
Twice Grand Slam winner Svetlana Kuznetsova and 14th seed Elena Vesnina posted hard-fought, straight-set wins in Friday's semi-finals to set up an all-Russian final in the BNP Paribas Open at Indian Wells.
Elena Vesnina denied Venus Williams another comeback win, while Kristina Mladenovic roared back from a set and a break down to beat Caroline Wozniacki on Thursday to reach the semi-finals of the BNP Paribas Open at Indian Wells.
ITC was the biggest gainer in the Sensex pack, rallying 3.14 per cent. Maruti Suzuki, Axis Bank, Hero MotoCorp, Vedanta, Asian Paints, M&M, HUL, Bajaj Auto and PowerGrid were among the other top gainers, rising up to 2.13 per cent.
World No 3 Simona Halep turned up the aggression and rallied for a 5-7, 6-1, 6-1 victory over Carla Suarez.
Broader market underperformed the headline indices
HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent. While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock's long-term prospects.
Japan's Naomi Osaka claimed her first career title with a commanding 6-3, 6-2 victory over Russian Daria Kasatkina in a battle of 20-year-olds at the BNP Paribas Open on Sunday.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
The Australian Open champion never faced a break point and used her hard and accurate serve to dispatch Gauff.
Venus Williams staged a spirited comeback to down third seed Petra Kvitova 4-6, 7-5, 6-4 and reach the third round of the BNP Paribas Open in Indian Wells on Saturday.
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Investors must, however, be prepared for volatility in ELSS, cautions Sanjay Kumar Singh.
The BSE Mid-Cap index was currently up 0.81%.
