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Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
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Summary

Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 switched between gains and losses in early hours on Wednesday, amid a mixed trend across global markets as investors awaited the outcome of a key Fed meeting. Losses in financial and oil & gas shares pulled the headline indices lower, though gains in auto and IT stocks kept the downside in check. 

Live Updates

Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 15, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Jun 15, 2022 4:52 PM

Like LIC at current levels depending on time horizon: Sudip Bandopadhyay

Sudip Bandopadhyay, Group Chairman of Inditrade Capital, tells CNBC-TV18 that in his view, LIC is not the stock for investors in a hurry to make money. 

"If I am going to be a little patient and want to be in this particular sector, I think it is a great buy at current levels,” he adds. 

Jun 15, 2022 4:50 PM

Market At Close | Sensex and Nifty50 fail to hold on to gains

Here are some highlights:

--IT and metal stocks remain a major drag on headline indices

--Tata Steel top Nifty loser 

--Tata Communications hits 52-week low on lack of revenue growth guidance 

--LIC extends gains — near day’s high

--Bajaj twins top Nifty gainers 

--GAIL in the green after gas prices fall after US-based Freeport LNG reports fire

--Asian Paints up but ONGC down tracking crude oil rates

--Sun TV fails to hold on to the green

--Paytm rises nearly two percent after company reports strong loan disbursals

--Sugar stocks rise 

--Bharti Airtel almost flat after government approves 5G spectrum auctions

--RBL Bank halts losing streak

--Delta Corp falls nearly five percent on reports of large investor selling company shares

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 4:07 PM

Shree Cement trading near day's high

Shree Cement 1.6 percent off lows at Rs 19,350

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 3:00 PM
Jun 15, 2022 2:42 PM

Sensex and Nifty50 slip into the red amid volatile trade

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 2:40 PM

Infibeam Avenues appoints Rahul Hirve as the CEO of CCAvenue softPoS, India

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 2:29 PM

Buy TCS, Affle India: Sameet Chavan

Here are recommendations by Sameet Chavan, Technical Analyst, Angel Broking:

-- Buy Tata Consultancy Services (TCS) for a target of Rs 3,300-3,320 with a stop loss at Rs 3,180 

-- Buy Affle India for a target of Rs 1,080-1,100 with a stop loss at Rs 980 

Jun 15, 2022 2:10 PM

Q1FY23 margin will be under pressure: Madhu Sudhan Bhageria

Jun 15, 2022 1:58 PM

Yes Bank trading flat at Rs 12.8 on BSE

Jun 15, 2022 1:47 PM

Buy Eicher, HDFC AMC: Aditya Agarwala

Here are two trading calls from Aditya Agarwala of Invest4edu:

--Buy Eicher Motors for a target of Rs 2,900 with a stop loss at Rs 2,670 

--Buy HDFC AMC for a target of Rs 1,900 with a stop loss at Rs 1,760 

Jun 15, 2022 1:44 PM

India's trade deficit up by $17.76 billion year-on-year

Jun 15, 2022 1:27 PM

LIC's MR Kumar on the stock's fall

MR Kumar of LIC said the stock market is down and it is a concern, which is why the insurer's stock is down. The LIC stock is down 20% from its listing a month ago

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 1:08 PM

ONGC at day's low

Stock Market Highlights: Sensex sheds nearly 2,800 pts in 4 days and Nifty cracks below 15,700 — all eyes on Fed
Jun 15, 2022 12:46 PM

Sitting with cash on sidelines is not a bad strategy: Avendus Capital 

For the next few months, sitting on the sidelines, holding some cash and protecting capital is not a bad strategy, according to Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP.

"Everyone forgets that cash can be a strategy in volatile times. But if we are correct, and we are starting to see the global economy really falter, then the Fed will go and hold towards it - this opening a risk on trade back and that is when foreign investors will come back to India in very significant ways because we will be seen as the growth area globally," he told CNBC-TV18.

Jun 15, 2022 12:03 PM