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Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 recovered most of their intraday losses in a volatile session on Monday, as TCS and other IT stocks aided a rebound on Dalal Street ahead of the software services exporter's financial results due later in the day. However, losses in financial, FMCG, oil & gas and auto shares kept the headline indices from making it to the green. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 declined almost one percent each.

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Oct 10, 2022 4:19 PM

Market At Close | Financial and IT shares help Sensex and Nifty40 recover most of day's losses

Here are some highlights:

--Barring Nifty IT, all of NSE's sectoral indices in the red

--TCS rises two percent ahead of Q2 results

--Tata Motors falls four percent following weak JLR Q2 retail sales

--IDBI Bank surges nine percent after government and LIC announce stake divestment 

--Indiabulls Housing Finance drops six percent as ED moves Supreme Court to challenge Dellhi High Court order quashing probe against co

--Paytm rises nearly three percent after co reports surge of 482 percent in Q2 loan value

--JP Associates surges over 10 percent after board approves divestment of significant cement business

--Bandhan Bank falls nearly three percent after retail deposit share declines in Q2

--Market breadth favours the bears — advance-decline ratio at 1:2

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 3:48 PM

Rupee ends flat at 82.32 vs dollar

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 3:43 PM

IT stocks gain ahead of Q2 earnings

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 3:22 PM

HUL near day's high

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 3:03 PM

Net equity inflow highest in last 3 months 

Oct 10, 2022 2:44 PM

Nykaa partners with California-based fashion retailer Revolve

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 2:38 PM

Vijay Kedia is upping stake in an auto stock that has raced 5,700% in 9 years

Value investor Vijay Kedia is all set to make his second investment in Gujarat-based three-wheeler maker Atul Auto, which has issued warrants worth Rs 115 crore.

Kedia is looking to invest Rs 100 crore through the preferential issue. Following the conversion of warrants to equity, his shareholding in the company will increase to 18.2 percent. (Read more)

Oct 10, 2022 2:24 PM

Expect IT margins to improve from December quarter: Manoj Bahety

Manoj Bahety of Carnelian Asset Advisors expect decent dollar-denominated growth for IT companies in the July-September period. His remarks come at a time when TCS is scheduled to report its financial results for the quarter later in the day. 

"Their constant currency growth may take some beating because of the cross currency headwinds and margin pressure... This quarter should be the last in terms of margin pressure. From the next quarter, we may start seeing margin pressure come down because I think the attrition issue, which the IT sector was facing for almost all of the last one year, is going to subside," he tells CNBC-TV18.

"Structurally, we are bullish on IT sector, because the kind of digitisation theme or the kind of Cloud migration that has started will continue... I would say that in terms of order book execution, it may get delayed... To the extent, the growth trajectory of a few of the IT companies may get delayed, but for the long term, the structural trend specifically for Indian IT companies remains intact," he adds. 

Oct 10, 2022 2:12 PM

Buy Bharat Forge, sell Tata Motors: Himanshu Gupta 

Himanshu Gupta of Globe Capital shares two trading recommendations: 

--Sell Tata Motors for a target of Rs 380-375 with a stop loss at Rs 403 

--Buy Bharat Forge for a target of Rs 800 with a stop loss at Rs 760 

Oct 10, 2022 1:53 PM

CAMS to consider raising equity investment in CAMS Financial Info Services on October 17

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 1:35 PM

Banking and financial firms should do well this earnings season: Carnelian's Manoj Bahety

Manoj Bahety, Founder of Carnelian Asset Advisors, tells CNBC-TV18 that in his view there are three tailwinds for banks in the July-September quarter: 

--Credit growth coming back

--NIM expansion as loan interest rates start to rise

--Credit costs continue to be benign

He sees strong tailwinds for the banking space for the next 2-3 years. 

"We continue to like private sector banks and a few of PSU banks also should do well... NBFCs are going to catch up," he adds. 

Oct 10, 2022 1:28 PM

NMDC revises iron ore rates

 -- Lump ore: Rs 4,100 per tonne

-- Fines: Rs 2,910 per tonne

The revised prices will take effect from October 8, 2022. 

Oct 10, 2022 1:22 PM

Buy Axis Bank, ICICI Bank: Sudeep Shah

Here are two recommendations by Sudeep Shah of SBI Securities:

-- Buy Axis Bank for a target of Rs 800-810 with a stop loss at Rs 755.

-- Buy ICICI Bank for a target of Rs 910-920 with a stop loss at Rs 865-870 

Oct 10, 2022 12:53 PM

DoT may announce names of companies approved under design-linked incentive scheme this week

Applications of Dixon, Tejas, HFCL, ITI likely to have been approved: From CNBC Awaaz

Stock Market Highlights: Sensex ends 200 pts lower and Nifty50 slips below 17,250 — rupee at 82.32 vs dollar
Oct 10, 2022 12:33 PM

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