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Stock Market Highlights: Sensex ends volatile session 38 pts lower and Nifty holds 17,000 — rupee inches higher to 81.58 vs dollar

Stock Market Highlights: Sensex ends volatile session 38 pts lower and Nifty holds 17,000 — rupee inches higher to 81.58 vs dollar

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 recovered most of the day's losses in a choppy session on Tuesday, amid mixed moves across other Asian markets as investors weighed whether aggressive hikes in interest rates to curb inflation will hurt economic growth. Losses in auto and metal shares offset gains in financial and FMCG stocks. Investors awaited the outcome of a key meeting of the RBI's Monetary Policy Committee due this week. Newly-listed Harsha Engineers' shares gave up some of the previous day's gains, finishing 3.2 percent lower.

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Sept 27, 2022 4:33 PM

Remais to be seen if valuations still attractive in some pockets: PPFAS MF's Raunak Onkar 

Raunak Onkar of PPFAS Mutual Fund tells CNBC-TV18 some of the decent companies that have been trending upwards in India are cash generating-positive. Over a long period of time, such businesses have shown profitability, he says. 

"Some of those companies are still valued quite expensively, or I would say reasonably. But it remains to be seen that there are some pockets where valuations are still attractive, and we have been adding them over the past few months," he adds. 

Sept 27, 2022 4:32 PM

Market At Close | Sensex and Nifty50 flat amid volatility

Here are some highlights: 

--Headline indices fail to hold on to intraday recovery

--City gas company stocks jump 5-7 percent as panel needs more time to submit report

--Muthoot Finance jumps six percent after company signs agreement with LuLu International Exchange

--Can Fin Homes continues to fall following CEO's resignation

--MCX, Indiabulls Housing Finance, HAL, Bharat Forge and Nippon Life top midcap losers

--IDFC gains four percent following 50 percent stake sale in Delhi Integrated Multi-Modal Transit

--SBI Cards rises four percent as company's credit card business outperforms industry in August

--PowerGrid gains two percent after government rejects proposal to acquire REC

--Market breadth slightly in favour of the bulls — advance-decline ratio at 3:2

Sept 27, 2022 3:58 PM

Rupee inches higher vs US dollar

Sept 27, 2022 3:41 PM

Inox Wind commissions 3.3 MW wind turbine in Gujarat

The shares of Inox Wind were trading 0.1 percent up at Rs 139.4 at the time of writing.

Sept 27, 2022 3:16 PM

From Reuters | India's inclusion into key government bond index pushed back to next year
Indian government still needs to address various operational issues

Sept 27, 2022 3:02 PM

Banking, consumption we remain to be positive: Dharmesh Shah

"Stocks like State Bank of India (SBI) or in the private segment, Axis Bank, HDFC Limited, HDFC Bank and Bajaj Finance should do good from the current level. So overall, banking, consumption we remain to be positive. Asian Paints, Titan are other stocks which have been relatively outperforming even in this current fall," Dharmesh Shah, ICICI Securities told CNBC-TV18.

"IT again an oversold territory so technical pullback cannot be ruled out for IT also. So except metals are the ones, which seems to be quite vulnerable even at the current levels. Most of the sectors should see a contribution from the current levels," Shah said. 

Shah suggests buying Reliance at Rs 2,390-2,400 with a target of Rs 2,580-2,600.

Sept 27, 2022 2:43 PM

Authorities say Nord Stream 1 gas pipeline hit by two leaks in Baltic Sea: Report 

In the Baltic Sea, two leaks have been discovered on the Nord Stream 1 Russia-to-Europe gas pipeline, hours after a similar incident on its twin pipeline, reported news agency AFP. (Read more | Learn what Nord Stream 2 pipeline is)

Sept 27, 2022 2:26 PM

Oct-Dec 2022 to reflect selling of bad loans and reduction in balance sheet stress: Yes Bank CEO

Yes Bank MD and CEO Prashant Kumar tells CNBC-TV18 that the financial results for the Oct-Dec 2022 period will recflect selling of non-performing assets (bad loans) and reduction in stress on balance sheet. 

“The whole transaction...assignment of the loans would happen within 60 days. So by November-end, and then December quarter numbers should reflect this part,” he says.

Sept 27, 2022 2:25 PM

Govt-appointed panel for gas pricing, seeks more time for submission of report

Sept 27, 2022 2:00 PM

Dish TV in focus

The stock had tanked earlier in the session after shareholders rejected four of the six resolutions at the company's annual general meeting held on September 26. (Read more)

Sept 27, 2022 1:44 PM

Power Grid shares touch an intraday high of over 3%

Sources from the Finance Ministry told CNBC-TV18 that there is currently no proposal to have Power Grid acquire PFC's stake in REC. The Power Minister is likely to issue a clarification on this soon. (Read more)

Sept 27, 2022 1:24 PM

HFCL bags orders worth Rs 202.6 crore for supply of optical fibre cables

Sept 27, 2022 1:13 PM

Buy Dr Lal Pathlabs, sell Coal India: Sacchitanand Uttekar

Here are two recommendations by Sacchitanand Uttekar of Tradebulls:
-- Buy Dr Lal Pathlabs for a target of Rs 2,540-2,660 with a stop loss at Rs 2,380 
-- Sell Coal India for a target of Rs 208-202 with a stop loss at Rs 221 

Sept 27, 2022 12:50 PM

Large Trade | 78.37 lakh shares of GMDC worth Rs 88.64 crore change hands 

Sept 27, 2022 12:32 PM