Market Update

Market Update: 15 July 2022

Indian shares edged higher on Friday, helped by gains in stocks of consumer goods companies.

Globally equity markets are likely to remain turbulent till the Fed meeting of 27th July, believe experts. The most likely policy action by the Fed would be a 75bp rate hike but even a 100 bp hike cannot be ruled out after the red hot June inflation print of 9.1%.

NIFTY 5016049+111
NIFTY Midcap 10028017+0.77%
NIFTY Smallcap 1008724+0.34%
NITY Bank34683+0.09%
NIFTY Auto12362+2.03%
NIFTY IT26485-0.015%
NIFTY Metal4831-0.81%
NIFTY Pharma12732+0.09%
USD / INR79.88

“Each day of our lives we make deposits in the memory banks of our children.” ~ Charles R. Swindoll

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