Nifty, Sensex may continue rising – Monday closing report
Moneylife Digital Team 14 March 2022
We had mentioned in Friday’s closing report that Nifty and Sensex may trend up. On Monday, the indices opened flat and ended with gain. On the National Stock Exchange (NSE), 943 stocks advanced, 1,115 declined and 69 remained unchanged with advance decline ratio of 0.85. The trend of the major indices on Monday’s trading are given in the table below:
 
 
The DIIs bought equity worth Rs 1,686 crore and FIIs remained net sellers with Rs 2,263 crore. PayTM closed 12% down after reports of data leaks to Chinese firms but the company has declined the reports. RBI has barred Paytm payments bank from taking on new customers.
 
Ukraine and Russia are set to indulge in fourth round of talks to be held today. The Ukraine’s lead negotiator has said that the country will demand withdrawal of Russian troops and an immediate ceasefire. Delhi Court has sent former NSE CEO & MD Chitra Ramkrishna to 14-day judicial custody after CBI informed about non-cooperative behaviour and giving vague and evasive replies.
 
Ashok Leyland closed 1% higher after 1.07 million shares changed hands in a large trade. BEL closed 2% down after 1.85 million shares changed hands in a large trade.
 
RBI has issued new microfinance guidelines based on consultation paper released in June 2021. It has removed pricing limit on microfinance loans and pre-payment penalty. Microfinance loans will include all collateral free loans given to a household with annual of up to Rs 3 lakh. NBFC-MFI limit has been increased from 15% to 25% in non-microfinance loans of the loan book. The other NBFCs can have microfinance loans constitute up to 25% of their loan book compared to 10% earlier.
 
Alembic Pharmaceutical has received US FDA nod for hypertension drug named Macitentan tablets, 10 mg. The WPI (wholesale price inflation) rose to 13.11% in February as compared to 12.96% in January 2022. Jubilant FoodWorks and Sobha declined 12% and 5% respectively after key managerial personnel resignation.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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