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Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 — rupee at 82.78 vs dollar

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 — rupee at 82.78 vs dollar

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended higher on the first trading day of the week amid broad-based gains. Gains in financial and IT stock led the headline indices higher as Nifty ended above 18,000 for the first time since September 15. Investors await more of financial results from India Inc for domestic cues, with Bharti Airtel, Larsen & Toubro and Tata Steel due to post their earnings later in the day. Globally, all eyes are on the outcome of the Fed's two-day policy review following which the US central bank is widely expected to announce a hike in the key interest rate.

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Oct 31, 2022 4:11 PM

IT stocks likely to be under pressure: Pashupati Advani

“I do not like IT and the financial sector because you have rates that are going up. With rates going up, you will have pressure on people to pay," says Pashupati Advani of Global Foray. "India does not have as much of a problem as most of our loans are fixed rate, whereas in America a lot of the loans are floating rate. So when the Fed increases by 0.75 percent, their rates go up. So that is beginning to hurt in the US. The IT sector in the US which is FAANG are beginning to layoff people because they are not getting the revenues. I am not saying that IT in India is equal to FAANG but because it is the same kind of broad sector, I think there is going to be pressure on IT stocks,” Advani explains. 

Oct 31, 2022 4:10 PM

10x opportunity in defence space: Deepak Shenoy

“Bharat Electronics is the largest (in defence space) and it is taking the leadership role where a lot of good defence companies both public and private seem to be moving up tremendously because the opportunity is 10x right now,” Deepak Shenoy, Founder, capitalmind tells CNBC-TV18.

Oct 31, 2022 4:07 PM

Market gains for third straight session to close at a seven-week high

-- HDFCs, Infosys, Reliance, L&T are top Nifty contributors

-- DRL fails to hold gains despite better-than-expected second quarter, closes four percent off highs

-- Cement basket sees buying with stocks like UltraTech, Shree Cement gaining four percent each

-- Intellect Design slides 14 percent,  Bandhan Bank 10 percent on weak earnings

-- Bharti Airtel, L&T rise ahead of earnings while Tata Steel ends flat

-- Autos close with healthy gains ahead of monthly data, Eicher, M&M up three percent each

-- BEL rises nearly two percent as company largely maintains FY23 guidance

-- Trent, JK Cement, Dalmia Bharat, Shree, Astral, Cummins top midcap gainers

-- Market breadth favours advances, advance-decline ratio at 1:1

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 3:56 PM

Rupee ends lower at 82.78 vs dollar 

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 3:36 PM

Motherson Wiring reports financial results for September quarter 

-- Net Profit down 12.8 percent at Rs 116.4 crore vs Rs 133.5 crore, year-on-year
-- Revenue up 31.1 percent at Rs 1,835.2 crore vs Rs 1,400 crore, year-on-year
-- EBITDA down 2.8 percent at Rs 181 crore vs Rs 186 crore, year-on-year
-- Margin at 10 percent vs 13.3 percent, year-on-year

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 3:25 PM

Rupee falls 30 paise to 82.71 vs dollar

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 3:06 PM

Maruti preferred pick in auto space: Siddhartha Khemka
“Maruti is our preferred pick within the auto space given its presence and market leadership in the passenger vehicle segment, where the threat of EVs is less as compared to two-wheelers, where the penetration of EVs is seen much faster," Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial ServicesSo tells CNBC-TV18. 

Oct 31, 2022 2:39 PM

HFCL shares jump after company wins fifth order in two months

HFCL shares rise after receiving orders from Reliance Projects and Property Management Services Ltd for the supply of optical fibre cables to one of the leading private telecom operators in the country. (Read more)

Oct 31, 2022 2:17 PM

GST collections likely to rise over 3% in October vs previous month: Sources to CNBCTV18

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 1:52 PM

Olectra Greentech shares down despite revenue, profit doubling

Olectra Greentech Ltd shares fell as much as four percent on Monday after reporting second quarter earnings. The stock is down 0.9 percent at this hour. (Read more)

Oct 31, 2022 1:40 PM

Inflation is way above target: Chris Wood of Jefferies

Oct 31, 2022 1:18 PM

Expect margin to improve hereon: Vijay Banka of Dwarikesh Sugar 

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 12:51 PM

LIC Housing Finance to report July-Sept earnings on Tuesday

Stock Market Highlights: Sensex ends 786 pts higher and Nifty above 18,000 —  rupee at 82.78 vs dollar
Oct 31, 2022 12:38 PM

Have planned capex of Rs 300 crore in FY23: Vineet Agarwal

"The capex plan for the year is about Rs 300 crore odd," Vineet Agarwal, Managing Director of Transport Corporation of India, tells CNBC-TV18. "However, with the freight rates coming up we were hoping that the ship rates will also come back faster, but, that has not happened. So we are struggling to acquire new ship. We are hoping that quarter four we will be able to do, so barring that capex should be around Rs 150 crore," he says. 

Oct 31, 2022 12:24 PM