Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 18, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
Download our mobile app for Android and iOS platforms
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.
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
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.