Stock Market Highlights: Sensex ends 673 points higher, Nifty reclaims 17,800; NTPC surges 6%, SBI 3%
CNBCTV18
04-01-2022
Market At Close | NTPC, ONGC, SBI, Power Grid top blue-chip gainers
On the other hand, Tata Motors, Coal India, Tata Consumer, Sun Pharma and Shree Cement were the worst hit among the 15 laggards in the Nifty50 pack.
Here's how the 30-scrip Sensex basket fared:
15:36:05 ISTClosing Bell | Sensex up 673 points at 59,856, Nifty reclaims 17,800 as market extends gains to third straight day
The 30-scrip index rose 672.7 points or 1.1 percent to end at 59,855.9, and the broader Nifty50 benchmark settled at 17,805.3, up 179.6 points from its previous close. Gains in financial, oil & gas and IT shares pushed the headline indices higher, though losses in pharma stocks limited the upside. (Read more on the closing bell)
15:31:22 ISTCARE upgrades JSL (Hisar) long-term rating with 'stable' outlook
Ratings agency CARE has upgraded the long-term rating for JSL (Hisar) to 'AA-' from 'A+'.
Jindal Stainless (Hisar) shares were down 1.1 percent at Rs 362 apiece in the final minutes of the session.
15:29:41 ISTBusiness Update | RateGain Q3 best quarter in terms of new contract wins
RateGain said the third quarter of FY22 was the best for it in terms of new contract wins.
The customer count increased to 2,264 in Q3, from 1,462 as of August 31, 2021, it said.
RateGain shares were up 2.7 percent at Rs 384.4 apiece on BSE minutes before the closing bell.
15:20:50 ISTIRCON emerges lowest bidder for Rs 861-crore NHAI project in Uttarakhand
IRCON shares were up 1.5 percent at Rs 46.1 apiece on BSE minutes before the closing bell.
15:16:44 IST
Reliance Industries, HDFC, TCS, ICICI Bank top Sensex movers
Stocks such as SBI, Kotak Mahindra Bank, HUL and NTPC were also among the top contributors to the gain in the 30-scrip index.
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
15:01:58 ISTRural demand hit by continuing inflation, don’t see adverse impact on margin: Emami
In an interview to CNBC-TV18, Harsha Vardhan Agarwal, Director at Emami, said the company has seen strong demand globally since June 2021. However, there’s been a slight slowdown in rural demand, he said.
“The situation is much better and the kind of growth that we saw for the last one-and-a-half year, there might be certain challenges going forward because of inflation,” he said. (Read more on Emami)
14:56:46 ISTMomentumisers | Ambuja Cements in the spotlight
Ambuja Cements has lost 13-14 percent of its market capitalisation since the highs seen in September 2021. In the F&O market, the stock has moved up but no without any big buildup in open interest. Fundamentally, things look up in Q4 for cement companies. (Read more on Ambuja Cements shares)
14:52:26 ISTAlembic Pharma gets final USFDA nod for generic Doryx tablets
Alembic Pharma has got the final US drug regulator's nod for Doxycycline Hyclate DR tablets, used in the treatment of drug-resistant bacteria. Its market size is around $10 million. (Read more on Alembic Pharma)
Alembic Pharma shares were up three percent at Rs 833.6 apiece on BSE in late afternoon deals.
14:45:57 ISTLooking to buy new-age co stocks? What Envision Capital's Nilesh Shah suggests
2021 has been one of the most remarkable years for the primary market with a slew of new-age companies like Zomato, Paytm, Latent View and more taking to Dalal Street. But is this a good time to invest in the stocks of new-age companies? In an interaction with CNBC-TV18, Nilesh Shah, Managing Director of Envision Capital, revealed he remains positive on new-age businesses but advised investors to wait for a "weak phase" before buying into the emerging space.
14:35:56 ISTShort-term traders have to watch when results come in for IT cos: Rohit Srivastava, Founder & Strategist, Indiacharts.com
“IT stocks front-run their earning season. We have seen them start performing from December in anticipation of what should be a good earning season, but what tend to happen is that as and when the results start coming out, some of them peak out. So they will continue to be performer, medium-term, but short-term traders would have to watch as and when results come in and there is excitement around.”
14:25:47 ISTMarket Watch | Buy Praj Ind, L&T, says Shrikant Chouhan, Kotak Securities
- Praj Industries is a buy with a stop loss of Rs 335 and a target of Rs 370-375.
- L&T Technology Services is a buy with a stop loss of Rs 5,790 and a target of Rs 6,000.
14:16:29 ISTMarket Watch: JC Parets, All Star Charts
Nifty IT can have a great year, another 20-25% of upside for the Nifty IT index in itself. And I think the individual components can go ahead and outperform. You've got 40-45% upside in TCS, if TCS is above Rs 3,500 per share, you can own it. I think it goes to Rs 5,000.
13:57:21 ISTMarket Watch | Buy SBI, Airtel: Ajit Mishra of Religare Broking
- State Bank of India is a buy with a stop loss of Rs 470 and a target of Rs 500
- Bharti Airtel is a buy with a stop loss of Rs 689 and a target of Rs 720
13:41:13 ISTWe will have to impose lockdown in Mumbai if daily COVID cases cross the 20,000-mark: Mumbai Mayor Kishori Pednekar
13:33:39 ISTVedanta share price declines over 6%; here’s why
Vedanta Limited’s share price declined more than 6 percent during Tuesday’s trading session after the company’s aluminium production figures failed to please investors. At 12 noon, the Vedanta shares were down 5.37 percent at Rs 334.60 on the BSE and were trading 5.43 percent lower at Rs 334.60 on the NSE.
13:20:41 ISTBank of Maha Q3 Biz Update
Deposits up 2.8% QoQ & up 15.2% YoY; loan growth at 12% QoQ & 23% YoY.
13:07:59 ISTDelhi imposes weekend curfew as COVID-19 cases surge, private offices to work at 50% capacity: Sources
Amid a spike in COVID-19 cases in the national capital, the Delhi Disaster Management Authority (DDMA) has imposed a weekend curfew, sources told CNBC-TV18. The Aam Aadmi Party government has pushed for 'work from home' barring essential services with effect from midnight, they said.
Private offices can work at 50 percent capacity, they added. The decision was taken during a meeting of the DDMA on Tuesday. (Read more on Delhi weekend curfew)
12:56:04 ISTBank of Maharashtra sees robust loan growth in Q3
Here are some highlights:
| Particular | Value | YoY change (%) | QoQ change (%) |
| Deposit | Rs 1,86,614 crore | 15.2 | 2.8 |
| Advance | Rs 1,29,052 crore | 23 | 12 |
| CASA | Rs 1,02,731 crore | 24.6 | 53.9 |
The lender's CASA ratio stood at 55.05 percent in the third quarter of FY22, as against 53.91 percent in the previous quarter, and 50.91 percent in the quarter ended December 2020.
12:46:40 IST
HDFC Q3 loans assigned up 5.5%
12:08:40 ISTTata Communications in strategic agreement with Zain KSA
Tata Communications has entered a strategic agreement with Zain KSA for digital solutions in Saudi Arabia.
The Tata Communications stock was down 0.9 percent at Rs 1,433.7 apiece on BSE at noon.
11:58:28 IST
What semi-fungible tokens are, and how they differ from NFTs
A semi-fungible token (SFT) can change its state from fungible, like a Bitcoin, to non-fungible, like any NFT.
SFTs start as a fungible token, and transform into a non-fungible one. (Learn more about semi-fungible and non-fungible tokens)
11:56:00 IST
Bond Market Action | HPCL, Godrej Industries, ICICI Securities in focus today
--HPCL will raise funds through a three-month commercial paper at a 3.63 percent coupon.
--Godrej Industries will raise funds through a three-month commercial paper at a 4.02 percent coupon.
--ICICI Securities will raise funds through a three-month commercial paper at a 4.35 percent coupon. (Catch other key bond deals today)
11:53:51 ISTBuy Axis Bank, ICICI Bank: Mitessh Thakkar
Here are two trading calls from Mitessh Thakkar of earningwaves.com:
--Buy Axis Bank for a target price of Rs 720 with a stop loss at Rs 697
--Buy ICICI Bank for a target of Rs 790 with a stop loss at Rs 765
Thakkar said the realty space is still recovering from a decline. "We haven’t got signals of a new uptrend starting over here. We are getting a good pullback. DLF is one of the stocks that are outperforming. An important observation here is that yesterday, we got a low of Rs 390.5 and today, we got a low of Rs 391, and that’s where the intraday averages are placed. As long as it is above Rs 390, expect this bounce back to continue to about levels of Rs 418-420 on the upside," he added.
11:47:52 IST
India's trade deficit widens; highest-ever exports, imports in December
India exported goods worth $37.29 billion in December 2021 -- the highest-ever in a month, up 37 percent on a year-on-year basis. The country’s imported goods also touched a historic high, as they rose 38 percent to $59.27 billion. The country's trade deficit widened to $22 billion in December from $22.9 billion in hte previous month.
The rise in exports was led by petroleum products, gems and jewellery, and engineering goods. Imports were led by crude oil, gold and electronic goods. (Read more on trade numbers)
11:39:26 IST
Near-term uncertainties developing due to Omicron: Wells Fargo
In the near term, some uncertainties are developing due to the Omicron variant of COVID-19, according to Gary Schlossberg, Global Strategist at Wells Fargo Investment Institute. He also said the Omicron will have a bigger impact on inflation versus economic growth.
“We are already seeing some disruption in the United States and to a lesser or greater extent overseas,” he told CNBC-TV18. (Read more)
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