Fifa World Cup
Homemarket News

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Read Time
1 Min(s) Read
Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 fell sharply on Wednesday, extending losses to the sixth trading day in a row, amid weakness across global markets as worries persisted about aggressive policy tightening by the Fed and its impact on economic growth. Investors awaited the outcome of a key meeting of the RBI's Monetary Policy Committee due this week for domestic cues.

Live Updates

Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 28, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on FacebookLinkedInInstagram and Telegram

Download our mobile app for Android and iOS platforms

Sept 28, 2022 4:02 PM
Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 4:02 PM
Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 3:45 PM

Edelweiss Financial announces ₹400 cr public issue of secured redeemable NCDs

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 3:25 PM

IDBI Bank board gives in-principle nod to divest stake in North Eastern Development Fin Corp

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 2:56 PM

FPIs continued to sell Indian shares for 5th straight day on Tuesday

Foreign portfolio investors have net sold Indian shares worth almost Rs 13,800 crore in the past five trading days, according to exchange data. (Read more)

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 2:37 PM

Large Trade | Axis Bank shares worth Rs 1,261 crore change hands 

A total of 1.8 crore Axis Bank shares — representing 0.6 percent of the lender's equity — worth Rs 1,261 crore change hands at average of Rs 720.

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 2:25 PM

Target margin of 20% in 2023-24: Siddartha of Vishnu Chemicals

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 2:04 PM

Good opportunity to pick up IT companies in tranches: Devang Mehta

"With the quarterly numbers just 10-15 days away for most of IT companies, it's a good opportunity to sort of pick up these companies in tranches," said Devang Mehta, Centrum Wealth Management to CNBC-TV18. 

"The tilt has been towards more of home improvement as a theme. Some companies like Asian paints, some companies like Cera Ceramics or something like an Astral Poly in the midcap universe. Something in the agro chemical as well as speciality chemical universe, all this form part of the portfolio," Mehta said adding, "we can't forget something in the BFSI, Bank Nifty is corrected by eight percent why not get into companies like ICICI Bank or Kotak Mahindra Bank or something like Bajaj Finserve, when you get a proxy for NBFC, holding in Bajaj Finance and also the indirect holding on to the Bajaj FinServ, the Bajaj insurance companies, both general as well as life insurance."

According to Mehta, with this as the theme, if one buys certain sectors in the portfolio, the portfolio is likely to do very well for the next 3-5 years.

Sept 28, 2022 1:39 PM

Buy Asian Paints, United Spirits: Sameet Chavan

Here are two recommendations by Sameet Chavan, Angel One:
-- Buy Asian Paints for a target of Rs 3,650-3,680 with a stop loss at Rs 3,470 
-- Buy United Spirits for a target of Rs 885-890 with a stop loss at Rs 848 

Sept 28, 2022 1:34 PM

CBDT likely to issue a clarification on taxation of gains made via winning through online gaming: Sources to CNBC-TV18 

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 1:28 PM

Union Cabinet has taken a decision to increase dearness allowance by 4%: Sources to CNBC-TV18

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 1:02 PM

IFCI board approves preferential issue of up to ₹100 crore to promoters for FY23

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 12:45 PM

ICRA revises outlook of Chalet Hotels to stable from negative

Stock Market Highlights: Sensex ends 509 pts lower and Nifty50 drops below 16,850 — rupee sinks to 81.94 vs dollar
Sept 28, 2022 12:08 PM

Buy Asian Paints, Mphasis: Mitessh Thakkar

Here are two recommendations by Mitessh Thakkar of earningwaves.com:
-- Buy Asian Paints for a target of Rs 3,600 with a stop loss at Rs 2,470 
-- Buy Mphasis for a target of Rs 2,180 with a stop loss at Rs 2,075 

Sept 28, 2022 11:53 AM