Stock Market Highlights: Sensex ends 98 pts lower and Nifty50 slips below 15,950 — rupee at record low of 79.88

1 Min(s) Read
Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 extended losses to a fourth back-to-back session on Thursday as the heavyweight financial and IT pockets reversed course in the second half of the day. Data showing US inflation hit a fresh four-decade high fuelled concerns about aggressive hikes in COVID-era interest rates and their impact on economic growth, denting the sentiment on Dalal Street. Broader markets also weakened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices finishing 0.1 percent and 1.1 percent respectively. 

Live Updates

Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 14, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on FacebookLinkedInInstagram and Telegram

Download our mobile app for Android and iOS platforms

Jul 14, 2022 4:54 PM

TCS, Infosys and Axis Bank biggest drags on headline indices

Jul 14, 2022 4:39 PM
Jul 14, 2022 4:16 PM

Demand scenario expected to improve for HUL: Deven Choksey 

Deven Choksey of KRChoksey expects the demand scenario to improve for HUL given the upcoming festive season. Hindustan Unilever remains a relatively stronger bet in the FMCG space, he tells CNBC-TV18. 

Jul 14, 2022 4:15 PM
Jul 14, 2022 3:49 PM
Jul 14, 2022 3:47 PM

Auto sector interesting: HDFC AMC's Roshi Jain

Roshi Jain, Senior Equity Fund Manager at HDFC AMC, tells CNBC-TV18 that in her view, the threat of disruption from EVs is real. "I would not necessarily focus on very near term demand or commodity price impacts, but would say that companies balancing the transition well without risking their balance sheets will do well," she says.

"Demand drivers are in place in India... It is a company-specific call and those that can manage this transition probably will be beneficiaries," Jain adds. 

Jul 14, 2022 3:29 PM
Jul 14, 2022 2:55 PM

Butterfly Gandhimathi Appliances at day's high 

Jul 14, 2022 2:39 PM

Prefer midcaps in the IT pack: SBI Securities' Sunny Agrawal 

Sunny Agrawal of SBI Securities tells CNBC-TV18 that he prefers midcap stocks within the IT basket. "The overall IT pack has corrected significantly over the last 6-9 months, whether it is largecaps or midcaps. Growth in the long-term remain at above a 15-20 percent CAGR in the midcap IT space as against 10-12 percent in the largecap IT pack," he says. 

He suggests buying the dip in midcap IT from a long-term perspective to expect a return of 15-20 percent over the next 12 months.

Jul 14, 2022 2:23 PM
Jul 14, 2022 2:04 PM

Torrent Power near day's high 

Jul 14, 2022 1:54 PM

Concor nears day's low 

Jul 14, 2022 1:42 PM

Sell SBI Futures, buy Dr Reddy's Laboratories: Jay Thakkar

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

-- Sell SBI Futures for a target of Rs 469-460 with a stop loss at Rs 489 

-- Buy Dr Reddy’s Laboratories (DRL) for a target of Rs 4,700 and Rs 4,760 with a stop loss at Rs 4,470 

Jul 14, 2022 1:30 PM
Jul 14, 2022 1:10 PM