Stock Market Highlights: Sensex surges 760 pts as market scales one-month peaks — rupee at all-time low

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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 extended gains to a second straight session on Monday tracking gains across global markets, though caution persisted over steep hikes in COVID-era interest rates. Gains in financial, IT and auto shares pushed the headline indices to more than one-month closing highs. Broader markets strengthened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising around 1.5 percent each for the day. Investors awaited more of corporate earnings from India Inc for cues, after HDFC Bank's quarterly net profit fell short of Street estimates.

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Jul 18, 2022 4:11 PM

Positive on HUL: Hemang Jani 

Hemang Jani of Motilal Oswal Financial Services is positive on Hindustan Unilever. "People are looking beyond the quarterly performance, and even the cut in the palm oil prices and the progress of the monsoon; there is a sense that things will look much better," he tells CNBC-TV18. 

"We have to wait for the quarterly numbers and the management guidance in terms of rural demand... HUL, Godrej Consumer Products and Britannia these are the three names that we like within the sector," he adds. 

Jul 18, 2022 4:10 PM

Rupee at all-time low vs US dollar

Jul 18, 2022 3:45 PM

Market At Close | All-round gains lead Sensex and Nifty50 higher

Here are some highlights:

--Headline indices hit more than one-month closing highs

--Financial and IT shares top contributors to gain in main indices

--Metal stocks rise on improving global prices — Hindalco top Nifty gainer

--Bharti Airtel surges on positive developments with respect to 5G auction

--HDFC Bank falls following mixed set of earnings

--NBCC, Hindustan Copper, L&T Infotech, Voltas, Cholamandalam Investment top midcap gainers

--FMCG stocks fall as palm oil rises 10 percent — Godrej Consumer down two percent

--Zydus, Laurus, CONCOR, Jubilant FoodWorks and LIC slide 

--Crude oil rises in line with equities — Brent back above $100/bbl

--Rupee fails to hold on to opening gains, hits record closing low of 79.97 vs US dollar

Jul 18, 2022 3:41 PM

Not very bullish from a long-term perspective: Aequitas Consultancy's Siddhartha Bhaiya 

Siddhartha Bhaiya, MD and Fund Manager at Aequitas Consultancy, tells CNBC-TV18 that he is not very bullish on the market from a long-term perspective. "Going into 2022, we had a lot of global excesses, whether it was the Nasdaq, ETFs, crypto, the domestic private space, the unlisted space or the IPOs... There are going to be repercussions of a lot of these excesses going forward," he says. 

Jul 18, 2022 3:25 PM

HUL shares recover most of day's losses

Hindustan Unilever shares are down by Rs 9.8 or 0.4 percent at Rs 2,559 apiece on BSE, having fallen as much as 1.4 percent earlier in the day.

The FMCG major will report its financial results for the April-June period on Tuesday. 

Jul 18, 2022 3:09 PM
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Jul 18, 2022 2:04 PM

Buy Tata Motors, RBL Bank: Himanshu Gupta

Here are two recommendations by Himanshu Gupta of Globe Capital:

-- Buy Tata Motors for a target of Rs 464-468 with a stop loss at Rs 444 

-- Buy RBL Bank for a target of Rs 90 with a stop loss at Rs 83 

Jul 18, 2022 1:56 PM

Phoenix Mills, Bajaj Finance: Dharmesh Shah

Dharmesh Shah, Head Technical at ICICI Direct

-- Buy Phoenix Mills for a target of Rs 1,420. with a stop loss at Rs 1,115 

-- Buy Bajaj Finance with a target of Rs 6,490

Jul 18, 2022 1:40 PM

Bank of Maharashtra at day's high

Jul 18, 2022 1:37 PM

Bhansali Engineering back in red

Jul 18, 2022 1:31 PM
Jul 18, 2022 1:21 PM