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Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 rose almost one percent each on Monday amid gains across sectors, . Gains in financial, oil & gas, IT and metal shares pushed the headline indices higher, though losses in auto shares limited the upside. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 rose around one percent each. Globally, concerns about surging energy prices and steep hikes in COVID-era interest rates hurt investors' appetite for risk.

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Sept 5, 2022 4:46 PM

Indian market benefitting from 'there is no alternative' factor: Mahesh Nandurkar of Jefferies 

Jefferies India Strategist Mahesh Nandurkar is of the view that India is benefitting from the ‘there is no alternative’ factor currently.

"From a momentum perspective, things are in favour of Indian markets, but valuations are becoming more uncomfortable, especially in the context of the US. We have outperformed quite a lot... S&P is down almost about 15 percent year to date, and our markets are just about flat,” he tells CNBC-TV18. (Read more)

Sept 5, 2022 4:12 PM

Remain constructive on Indian market from medium-term view: JM Financial's Vinay Jaising

Vinay Jaising, MD-Portfolio Management Services at JM Financial, points out that the Indian market has relatively outperformed its global peers. "If you see the last month itself, the market is flat... If I had to add that today's performance, the global markets are down five percent. If I look at it over the last year, the absolute market is still the same, which is up 1 percent, but you know, you have the Nasdaq, which is down 25 percent... The overall global MSCI market is down and the world index down about 15-18 percent," he tells CNBC-TV18.

He remains constructive on the Indian market from a medium-term perspective. "We think the earnings growth trajectory is very positive. But in the short term, due to a couple of reasons, including valuations and liquidity, we stay a little cautious," he says. 

Sept 5, 2022 3:50 PM

Market At Close | Headline indices continue to outperform global peers in September so far

Here are some highlights:

--Sensex and Nifty rise nearly one percent each

--Reliance and financial stocks lead main indices higher — auto and FMCG stocks play spoilsport

--Metal stocks see buying — Hindalco and JSW Steel rise three percent

--ITC continues to rise — stock hits 5-year high of Rs 329

--Reliance rises over one percent following positive brokerage call

--Battery stocks Amara Raja and Exide top midcap gainers — both rise 6-8 percent

--Indian Hotels gains five percent to record high

--PVR rises over four percent on positive review in advanced booking for movie Brahmastra

--Dr Lal, Metropolis and ABB slip 2-3 percent after brokerage downgrades 

--Market breadth remains in favour of the bulls — advance-decline ratio at 2:1

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 3:46 PM

Rupee edges lower vs US dollar

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 3:41 PM

Why Reliance Industries is Morgan Stanley’s top pick

Morgan Stanley is betting on the company's fourth investment cycle in this century. It has raised its target price for the RIL stock to Rs 3,085 from Rs 3,015. (Read more on Reliance shares)

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 3:14 PM

Gabriel India hits 52-week high 

CNBC-TV18's Sonia Shenoy explains what's powering the upmove in the stock:

Sept 5, 2022 3:04 PM

Market continues to outperform global peers in September

The Indian equity market remains the best among global peers so far this month, powered by multi-month highs in the Nifty Bank. 

The Nifty50 benchmark is consistently holding on to its 20-day exponential moving average. The advance-decline ratio — also known as market breadth — has been strong even on bad days on Dalal Street. 

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 3:01 PM

Large Trade | V-Mart Retail shares slide into the red 

A total of 14.3 lakh shares of the company — equivalent to 7.2 percent of its equity — worth Rs 405 crore change hands at Rs 2,837 apiece. 

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 2:54 PM

Large Trade Rs 15.6-crore AB Fashion shares change hands

A total of 5.1 lakh AB Fashion shares — representing 0.1 percent of the company's equity — worth Rs 15.6 crore change hands at Rs 309 apiece. 

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 2:44 PM

We have diversified sourcing for better availability and hope that chip shortage will improve by early 2023: Ashish Gaikwad of Honeywell Automation

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 2:25 PM

Q1 sales were aided by launch of a new project: Dhaval Ajmera of Ajmera Realty & Infra

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 2:12 PM

IEX registers 9% MoM growth in August volumes

However, it has reported 18 percent on year-on-year basis. 

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 1:56 PM

Lyka Labs to sell land at Valsad and premises at Shivshakti Industrial Estate

Lyka Labs board approves sale of land at Valsad & premises at Shivshakti Industrial Estate, Mumbai. Proceeds will be utilised for capital expenditure & working capital requirements

Stock Market Highlights: Sensex ends 443 pts higher and Nifty reclaims 17,650 — rupee slips to 79.84 vs dollar
Sept 5, 2022 1:38 PM

Buy State Bank of India, IndiaMart: Jay Thakkar

Here are recommendations by Jay Thakkar of Marwadi Shares and Finance:

-- Buy State Bank of India (SBI) for a target of Rs 560-570 with a stop loss at Rs 528 
-- Buy IndiaMart for a target of Rs 5,000 with a stop loss at Rs 4,550 

Sept 5, 2022 1:24 PM