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Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a choppy session in the red on Monday, even as global markets mostly continued to rise after a US inflation last week rekindled hopes of a moderation in COVID-era hikes in interest rates. Selling pressure in in FMCG, oil & gas and financial shares pulled the headline indices lower, though gains in IT and metal stocks lent some support. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 rose 0.1 percent and 0.5 percent respectively. Investors awaited the last leg of corporate earnings for domestic cues.

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Nov 14, 2022 5:00 PM

Traders will get opportunities in Grasim: NISM's Kunj Bansal 

Kunj Bansal of National Institute of Securities Markets (NISM) tells CNBC-TV18 that in his view, traders, who have a short-term view, will get opportunities in stocks such as Grasim. Historically, holding company stocks don't get rewarded by the market, he says. 

"There are multiple ways that market participant keep trying to value these stocks, including by sum of parts, and by giving weightage to individual companies, valuing them and then trying to arrive at an aggregate valuation or whatever. But these stocks typically move when the market is at its highs, which in fact currently is the case for that matter. As I said, they don't typically get right valuation because market finds that if I have to play cement, I'll go to individual companies and individual businesses. That's why I don't think that there is going to be a consistent outperformance from these kinds of stocks for an investor with a medium-term perspective to hold on," he says. 

Nov 14, 2022 4:20 PM

Market At Close | Sensex and Nifty in the red

Here are some highlights: 

--Grasim rises over two percent following mixed set of earnings

--Metal stocks surge as China opens up — Hindalco jumps six percent, Nalco five percent

--Manappuram soars seven percent despite worse-than-expected earnings

--Info Edge, JK Cement, Glenmark and Abbott rise after healthy results

--Bharat Forge, Sun TV, BHEL, Astral and Zee Enterprises see negative reaction to earnings

--Dr Lal, Exide, GSPL, Nalco, Ambuja and Balrampur top midcap gainers

--ABB, IndiaMART, M&M Fin, City Union Bank and Max Financial top midcap losers

--Market breadth favours declines — advance-decline ratio at 4:5

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 3:52 PM

Rupee back to 81 levels vs dollar

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 3:42 PM

Hold Hindalco: Ruchit Jain 

Ruchit Jain of 5paisa.com suggests investors to hold Hindalco shares. The dollar index, which has an inverted correlation with metal prices, has corrected sharply in the past few sessions, he points out. 

"In case if the dollar index continues its downtrend, metal names will continue to do well. Hindalco specifically has given a breakout today from its previous swing high resistance. Even if you look at the volumes today, after the company's results, volumes are quite good... This clearly indicates good buying interest. Technically, the short- to medium-term target predictions for the stock as seen around Rs 500-510. At current levels, one should continue to hold for a potential target of around Rs 500," he tells CNBC-TV18. 

Nov 14, 2022 3:24 PM

Why Bharat Forge expects the second half of the fiscal to be better 

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 3:23 PM

PNC Infratech July-September profit slips 0.3% to Rs 132 crore

The company reports revenue of Rs 1,795 crore for the three-month period, down 0.1 percent compared with the corresponding period a year ago. 

Its margin — or the degree to which a business makes money — slides by 220 basis points to 18.2 percent. 

Nov 14, 2022 3:12 PM

Grasim net profit for July-September rises 1.8% to Rs 964 crore

Its revenue comes in at Rs 6,745 crore for the three-month period, up 36.7 percent compared with the corresponding period a year ago. 

Analysts in CNBC-TV18 had estimated a net profit of Rs 1,116 crore and revenue of Rs 6,905 crore.

Nov 14, 2022 2:44 PM

Lux Industries net profit for July-September drops 58% to Rs 42.1 crore

The company's revenue stands at Rs 635.6 crore for the three-month period, up 1.4 percent compared with the corresponding quarter a year ago. 

Its margin comes in at 10 percent, as against 21.8 percent for the year-ago period.

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 2:26 PM

Bharat Forge shares face selling pressure

Here are some of the primary reasons denting the appeal of the stock: 

--Margins down by 590 bps year-on-year to 24.3 percent

--Long-term debt up 8.5 percent to Rs 2,510 crore in Sept 2022 

--Overseas subsidiaries log EBITDA loss of Rs 115.7 crore in July-Sept

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 2:02 PM

Bharat Forge expects stable performance across domestic and export markets in December quarter: Baba Kalyani

Baba Kalyani, Chairman and Managing Director of Bharat Forge, tells CNBC-TV18 he expects the company's performance in the October-December period to be driven by higher-end market demand compared with the previous three months. 

The European aluminium operations will show a gradual recovery over the next two quarters, he says.

Nov 14, 2022 1:32 PM

Keystone Realtors IPO subscribed 4% so far on Day 1

As of 1 pm, the IPO of Keystone — which operates the Rustomjee brand — has received bids for 3.5 lakh shares as against the 86.5 lakh shares on offer, a subscription of about four percent. 

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 1:02 PM

Amount raised to be used for new projects: Keystone Realtors' Boman Rustom Irani

Boman Rustom Irani of Keystone Realtors tells CNBC-TV18 that the company plans to use the amount raised through the IPO, which opened earlier in the day, for new projects. The company has no plans to step outside of the Mumbai market, he says. 

Nov 14, 2022 12:55 PM

LIC reported 11 times jump in quarterly net profit 

Nov 14, 2022 11:53 AM

LIC shares zoom after insurance giant's strong quarterly performance

The stock rises as much as 8.7 percent to Rs 682.7 apiece on BSE. 

Stock Market Highlights: Sensex finishes volatile session 171 pts lower and Nifty50 slips below 18,350 — rupee slumps to 81.26 vs dollar
Nov 14, 2022 11:52 AM

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