Nifty, Sensex end 1.5% lower amid weak global cues; volatility to continue, stock specific action likely

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06 MAY 2022 View in Browser

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Nifty, Sensex end 1.5% lower amid weak global cues; volatility to continue, stock specific action likely   Bears clutched Indian equity markets on Friday as benchmark indices continued to reel under selling pressure and ended ended with significant losses, tracking weakness in global markets. The BSE Sensex fell closed 866 points or 1.56% lower at 54,835, while the NSE Nifty 50 shed 271.4 points and settled at 16,366, down 1.63%.     IPOs next week: Delhivery, Prudent to launch public issues, LIC IPO closes May 9; Campus, Rainbow D-St debut   Next week will be a busy one for the primary market, as three companies Delhivery, Prudent Corporate Advisory Services, and Venus Pipes & Tubes will launch their public issues     Fixed Income: Smartly navigate interest rate hikes   Go for low duration debt funds, invest in smaller tranches in longer dura-tion products and select actively managed funds to weather the rate cycles     Dabur India share price tanks 3% on fall in Q4 net profit; should you buy, sell or hold Dabur stocks   Dabur India share price fell 3 per cent to Rs 513.40 apiece on BSE, a day after the company posted a 22.1 per cent on-year decline in the consolidated net profit to Rs 294.2 crore     Rupee may depreciate on strong dollar, risk aversion in markets; USDINR pair to trade sideways in this range   The Indian rupee is likely to depreciate on Friday amid strong US dollar and risk aversion in global markets. Weak market sentiments amid aggressive monetary tightening by central banks will also weigh on the currency. The USDINR pair is expected to trade sideways to down.     Indian Railways cancels 42 passenger trains to prioritise coal rake movement; some trains to be restored soon   The national transporter, which has prioritized the movement of coal rakes across the country in the last few weeks, has pushed in 86 per cent of its open wagons towards carrying the essential item to power thermal power plants.     Indian aircraft industry hit by non-availability of composites   While the pandemic left few or no markets for composites in the industry, the war has disrupted the supply chain.     RailTel bags order worth over Rs 90 crore from MP Govt for SDC expansion & Disaster Recovery establishment   State Data Centre is envisioned as the 'shared, reliable and secure infrastructure services centre for hosting and managing the e-Governance applications of the state as well as its constituent departments or organization.     Travel in luxury: Majestic Palace on Wheels to resume its glorious journey   The luxury train is inspired by the personal coaches of erstwhile rulers and offers modern facilities amid a heritage backdrop.     Upcoming Cars in India in May 2022: Jeep Meridian to Mercedes-Benz C-Class   From SUVs to electric vehicles to premium luxury sedans, check out all the upcoming cars in India in May 2022. The list includes the likes of Jeep Meridian, Tata Nexon EV Max, BMW i4, etc.

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