Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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March 28, 2022

• The war in Ukraine will again continue to weigh on the markets with any breakthrough on ceasefire unlikely to happen any time soon.
• Investors also will closely follow US payrolls report and personal consumption expenditures data for any clues on how fast the Fed will tighten the monetary policy.
• The broader uptrend status remains intact as long as Nifty sustains above 16.800 levels. A decisive decline below this area is likely to trigger downward correction
• A sustainable move above 17,450 could open renewed buying interest in the market for this week - Nagaraj Shetti
• India's forex reserves slump by another $2.59 bn in week ending March 18
• India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26% to $21.18 bn
• Overseas investors have pulled out a net Rs 1,14,855 cr from the Indian markets in the current year so far
• Indian airlines plan to add 110-120 planes a year, at present, Indian airlines have a combined fleet of 710 aircraft - Jyotiraditya Scindia
• India's coal imports fall 23% during Apr-Jan 2022 as local production rises, imports of non-coking coal fell to 125.61mn tons
• PVR and Inox Leisure, on Sunday decided to merge their operations in an all-stock deal to create a network of 1,546 screens
• Airtel to acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 cr
• Vedanta to invest $1.5 bn across oil, zinc, steel businesses
• Indiamart to acquire majority stake in Livekeeping for Rs 46 cr
• Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses
• Manappuram Finance to raise up to Rs 7,800 cr in FY23
• Akasa Air To Launch Operations From June 2022 Rakesh Jhunjhunwala-backed airline Akasa Air is all set to roll out its commercial operation from June 2022
• Government has kept #coal prices stable despite rise in prices globally: CoalMinistry Possitive for Cement , Chemical, Metals Manufacturers.