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.
Download our mobile app for Android and iOS platforms
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.
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
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
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.