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    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar
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    Summary

    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 extended gains to a second back-to-back session on Friday, led by gains in IT shares though losses in oil & gas shares played spoilsport. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finished the day 0.4 percent and 0.1 percent higher respectively. Dalal Street took positive cues from global markets, where stocks rose as investors digested hawkish remarks from Fed policymakers and the ECB's biggest ever hike in its key interest rate.

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    Market At Close | Sensex and Nifty50 off day's highs 

    Here are some highlights:

    --Nifty Bank at 10-month high

    --IT stocks see buying — sectoral index rises more than two percent

    --Financial stocks continue to outperform market — IndusInd and SBI top gainers

    --Cement stocks see profit booking amid cartelisation reports

    --UltarTech top Nifty loser — JK Cement falls most among midcap stocks

    --Rain Industries drops eight percenet on closure of a Europe unit on gas shortage  

    --PVR and Inox fall five percent each as reviews flow in for 'Brahmastra'

    --Nazara Tech surges 11 percent on Google allowing fantasy sports on Play Store 

    --Market breadth largely neutral with a negative bias (Read more on the Sept 9 session)

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Rupee appreciates to 79.58 vs US dollar

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Exclusive | SBI's Dinesh Kumar Khara banking on strong loan growth — stock roars to lifetime high

    In an exclusive interview to CNBC-TV18, Dinesh Kumar Khara, Chairman of State Bank of India (SBI), says the lender is seeing uniform loan growth across retail segments. SBI's loan growth — a measure of demand for financial institutions — surged to the highest level in at least three years in the April-June period, a level its management is confident of achieving for the full year.

    "We have very clear visibility of the demand, which is there, and hopefully going forward, as the busy season kicks in, and of course, already the festival season has kicked, I am quite confident that we will continue to have decent retail growth," says Khara, confident that the bank will clock loan growth of at least 15 percent for the year ending March 2023. (Read more)

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Why Mahindra is betting big on its first fully-electric SUV, the XUV-400

    The Mahindra Group’s first fully electric SUV, the XUV-400, will cater to a market of 90,000 customers who presently own SUVs with internal combustion engines (ICE), the group’s executive director (auto and farm sectors), Rajesh Jejurikar, tells CNBC-TV18.

    “There is a market comprising 30,000 with ICE-equipped SUVs in the C-segment and another market of 60,000 in the B-segment,” he says. (Read more)

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    RBI to prepare a ‘Whitelist’ of all the legal apps: Finance Ministry

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    IEX at day's low

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Ujjivan Small Finance Bank likely to launch QIP early next week: Sources to CNBC-TV18

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Consumption stocks will be the alpha generating stocks: Rahul Sharma

    Rahul Sharma, Head-Technicals & Derivatives Research at JM Financial Services said, "Two sectors clearly come to my mind when we talk off which would be the alpha generating areas of the market. One is clearly the consumption theme." Sharma said the festive season has been fantastic for the sector. "It has in fact started off fantastically well and with overall good monsoons, the sector should only do well. The sectoral index, which is the India Consumption Index is already showing signs of leadership."

    But the biggest money according to him will be created in the small cap basket. "If you see the smallcap 100 index, it has just crossed its 200 day exponential moving average. And there is a lot of headroom there in mid-caps, and small caps specifically. In the last few weeks, mid caps and small caps have come out of their consolidation zones and the risk appetite is coming back in the retail and infra HNI segment of the market. So we believe that the biggest alpha will be created in small cap area, quality stocks in this smallcap 100 index can be considered."

    Astral near day's high

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    UK, US have less concern on energy supply, more on inflation: Noel Quinn of HSBC

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    AMFI Data | August equity MF inflow lowest in 10 months

    Equity mutual funds have witnessed a net inflow at Rs 5,942 crore in August, according to data released by the Association of Mutual Funds in India (AMFI) said. (Read more)

    Buy Apollo Hospitals, Dixon Technologies: Prakash Gaba

    Here are some recommendations by Prakash Gaba of prakashgaba.com
    -- Buy Apollo Hospitals for a target of Rs 4,500 with a stop loss at Rs 4,435 
    -- Buy Dixon Technologies for a target of Rs 4,600 with a stop loss at Rs 4,500 

    HDFC Life allots 3.57 crore shares to HDFC Ltd at Rs 548.74/sh on preferential basis

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Buy Bandhan Bank, Amara Raja Batteries: Mitessh Thakkar

    Here are two recommendations by Mitessh Thakkar of earningwaves.com:
    -- Buy Bandhan Bank for a target of Rs 305-306 with a stop loss at Rs 288.50 
    -- Buy Amara Raja Batteries for a target of Rs 560 with a stop loss at Rs 533 

    Rice prices rose more than MSP increase: Food Secretary Sudhanshu Pandey

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Target 21,000 on the Nifty in next 6-8 months: Rahul Sharma
    Rahul Sharma, Head-Technicals & Derivatives Research at JM Financial Services, said, "Around 50 percent of the Nifty constituents which is the BFSI plus auto plus consumption is already quite super bullish. So, these indices have already broken out. The remaining 30 percent of Nifty constituents is moderately bullish which constitutes remaining sectors like telecom, oil and gas, consumer durables, power and pharma and IT is something which is languishing in the Nifty pack."

    Sharma believes that this is the start of our new mega bull run, and said we are likely targeting 21,000 on the Nifty in the next six months or so. "We should see the relative outperformance continue from these sectors. Now, IT is one sector which has been a laggard, which if this turns around now, that could also add impetus to the overall scheme of things."

    Ramco Cements Large Trade | 6 lakh shares or 0.25% equity worth Rs 47.6 crore change hands

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Yes Bank gets no counter offer to JC Flowers' Rs 11,183 crore bid for its NPA portfolio: Sources to CNBC-TV18

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    GMR lenders agree to restructure energy subsidiary's loan

    Creditors of GMR Warora Energy Ltd. have agreed to restructure its debt through a Resolution Plan (RP), the company said in an exchange filing. (Read more)

    Witnessing supply side disruptions: Ajay Patil of Cummins India  

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Barring HDFC Bank, all Nifty50 stocks in the green

    HDFC Bank edges 0.1 percent lower.

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    SBI shares hit record high

    The stock of State Bank of India — the country's largest lender by assets — gain by as much as Rs 9.1 or 1.7 percent to an all-time high of Rs 553.8 apiece on BSE. 

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar
    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Rupee opens higher at 79.64 vs dollar

    On Thursday, it had settled at 79.71 against the greenback.

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    India could be impacted in case of a global bear market: AMP Capital's Shane Oliver

    Stock Market Highlights: Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar

    Global Cues | Crude oil edges higher over demand-supply concerns — Brent at $89 a barrel

    Asian shares in the green

    Equities in other Asian markets begin Friday stronger following a banking- and healthcare-led rise on Wall Street overnight. MSCI's broadest index of Asia Pacific shares outside Japan is up 0.8 percent at this hour. 

    --Japan's Nikkei 225: up 0.6 percent

    --China's Shanghai Composite: up 0.4 percent

    --Hong Kong's Hang Seng: up 2.1 percent 

    --S&P 500 futures: up 0.3 percent 

    Wall Street indices rise on the back of banking and healthcare stocks

    The three main US indices posted gains on Thursday amid gains in financial and healthcare stocks, as investors digested hawkish remarks from Fed Chair Jerome Powell that cemented bets of a large interest rate hike later this month. Data showed weekly jobless claims in the world's largest economy dropped to a three-month low.

    --Dow Jones: up 0.6 percent

    --S&P 500: up 0.7 percent

    --Nasdaq Composite: up 0.6 percent

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