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    Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn

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    Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a volatile session lower on Tuesday, as losses in financial, IT and FMCG shares in the last hour of trade dented the overall sentiment on Dalal Street. Broader markets also succumbed to negative territory in the second half of the session. The Nifty Midcap 100 and the Nifty Smallcap 100 ended 0.3 percent and 0.1 percent lower, having risen around one percent each in intraday trade. Caution persisted among investors globally amid concerns about aggressive increases in COVID-era interest rates and their impact on economic growth.

    Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 5, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Potential in Nifty IT to rally to at least 30,000: Jai Bala

      Jai Bala of Cashthechaos.com tells CNBC-TV18 that the IT index in his view has the potential to rally close to at least the 30,000 mark provided it holds its June low. "The decline in Nifty IT may have come to an end but the question is what kind of an end it is. The low of June 17 should provide a temporary reprieve if not a complete turnaround though strong support is about 5-10 percent lower," he tells CNBC-TV18. 

      "I think it will hold. I expect Infosys and Tata Consultancy Services (TCS) to touch somewhere close to Rs 1,600 and Rs 3,600 (respectively)," he adds. 

    • Rupee at record closing low of 79.37 vs US dollar

      The rupee is down seven percent so far this year.

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Market At Close | Sensex and Nifty50 slide over 1% from day's highs

      Here are some highlights:

      Market Gives Up 1st Half Gains As Global Currencies Fall Against US Dollar

      Global Currencies See A Sharp Fall VS $, Euro At A 20-year Low

      Frontline Indices Slip Over 1% From Highs To Closes With Minor Cuts

      Sensex Slips 732 Points From Intra-Day High To Close 100 Points Lower At 53,134

      Nifty Fails To Hold 16,000, Falls 215 Points From Highs To End 25 Pts Lower At 15,811

      Nifty Bank Slips 545 Points From Day’s High & Midcap Index Is 311 Points Off Highs

      Nifty Bank Closes 125 Points Lower At 33,816 & Midcap Index 71 Pts Lower At 26,698

      IT Stocks Weak Ahead Of Q1 Earnings, Nifty IT Is Top Losing Index

      Infosys, TCS, L&T, HDFC Drag Nifty While Reliance & HUL Support

      ONGC Snaps Losing Streak, Trades With A Minor Gain Of 1%

      RBL Bank Slips Following Weak Q1 Updates, Bank Loses Market Share

      SRF, TVS, Indiabulls Hsg, Coromandel, Delta, Mphasis Top Midcap Losers

      SBI Card, Havells, Godrej Cons, ICICI Lombard, M&M Fin Gain In A Volatile Session

      Market Breadth Neutral, , Advance-Decline Ratio At 1:1

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Tata Steel Long in the red, near day's low 

    • Nifty50 down at 15,821

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Headline indices turn flat amid losses in IT, FMCG stocks

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • HDFC Life near day's low

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • NTPC near day's low 

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Buy Trent: Dharmesh Shah

      Here are recommendations by Dharmesh Shah of ICICI Direct:

      -- Remain positive on autos, banking and IT

      -- Buy Trent for a target of Rs 1,275 with a stop loss at Rs 1,015 

    • See a slight rise in COVID-19 numbers: Dr Ravinder Sethi of Krsnaa Diagnostics

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • RBL continues to lose market share

      The private lender reported a deposit growth of 6.37 percent year-on-year, the lowest in seven quarters. Advances were 6.5 percent up (year-on-year) at Rs 62,095 crore. The bank's loan market share declined to 0.51 percent vs 0.54 percent, year-on-year. CASA ratio is at all time high of 36 percent. 

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Buy Tata Steel: Sacchitanand Uttekar

      Sacchitanand Uttekar of Tradebulls suggests buying Tata Steel for a target of Rs 915 with a stop loss at Rs 864 

    • Expect manufacturing sector to become mainstream investment theme: Emkay Investment Managers CEO

      Vikaas M Sachdeva, CEO, Emkay Investment Managers Ltd expects manufacturing sector to become the mainstream investment theme. "In the medium to long term we expect a higher allocation of investments exposure from the funds. After a long hiatus, manufacturing companies are likely to be the wealth creators, leaders of the next rally in the markets," he added. 

    • We have been selective in the FMCG sector: Varun Lohchab

      Varun Lohchab, Head-Institutional Research, HDFC Securities said that they have been selective in the sector. "ITC has been our topic for more than a year now" He also named Godrej Consumer, Dabur and Marico as the likes. Lohchab added: "HUL, we have avoided because of rich valuations.”

    • Expect demand of electric vehicles to start picking up in a few months: Vinkesh Gulati

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Buy Oberoi Realty, Nippon Life India Asset Management: Mitessh Thakkar

      Here are two recommendations by Mitessh Thakkar of earningswaves.com

      -- Buy Oberoi Realty for a target of Rs 802-805 with a stop loss at Rs 765 

      -- Buy Nippon Life India Asset Management Ltd for a target of Rs 295-300 with a stop loss at Rs 276 

    • Ujjivan Small Finance Bank at day's high after a sharp spike  

    • Can expect earnings upgrade for Reliance Industries: Sanjeev Prasad

      Sanjeev Prasad, MD & Co-Head, Kotak Institutional Equities, said, “Reliance build $13.5 per barrel refining margin for FY23 and about $11.5 for FY24. So even with export levied tax, we will see earning upgrades over there looking at where tax spreads are.”

      (Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

    • Simplification journey will continue with every passing year of GST: DP Nagendra Kumar

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • India services activity highest since April 2011: PMI survey 

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Nifty50 touches 16,000 mark for first time since June 10

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Force Motors total sales rise 4% in June

      The auto maker reports total sales of 2,001 units last month. Force Motors shares rise as much as 2.7 percent to Rs 1,034.1 apiece. 

    • HDFC and HDFC Bank shares extend gains after RBI approves merger

      The HDFC twins gain up to 1.5 percent in the first two hours of trade following a positive start. 

    • Buy Siemens, Aurobindo Pharma: Jay Thakkar

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

      -- Buy Siemens for a target of Rs 2,750-2,900 with a stop loss at Rs 2,450 

      -- Buy Aurobindo Pharma for a target of Rs 565-575 with a stop loss at Rs 529 

    • TCS partners with Outokumpu for a Cloud-first transformation journey    

      TCS shares rise as much as one percent to Rs 3,268 apiece on BSE. The country's largest software exporter will report its financial results for the April-June period on Friday. 

    • Rupee edges lower to 79.04 vs US dollar

      The rupee is not far from a record low of 79.115, hit on July 1.

      On Monday, it had settled at 78.95 against the greenback.

      Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    • Stock Market Highlights: Sensex ends 100 pts lower and Nifty50 near 15,800 as financial stocks make a U-turn
    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a volatile session lower on Tuesday, as losses in financial, IT and FMCG shares in the last hour of trade dented the overall sentiment on Dalal Street. Broader markets also succumbed to negative territory in the second half of the session. The Nifty Midcap 100 and the Nifty Smallcap 100 ended 0.3 percent and 0.1 percent lower, having risen around one percent each in intraday trade. Caution persisted among investors globally amid concerns about aggressive increases in COVID-era interest rates and their impact on economic growth.

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