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    Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97

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    Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a choppy session flat on Thursday, though global markets saw deeper losses after data showed the world's largest economy contracted in the quarter ended March 2022. Broader markets underperformed the headline indices, with the Nifty Midcap 100 and Nifty Smallcap 100 gauges falling 0.8 percent and 0.5 percent respectively. 

    Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 30, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Market might have factored in most of negatives: HDFC AMC's Gopal Agrawal

      Gopal Agrawal, Senior Fund Manager at HDFC AMC, tells CNBC-TV 18 that the market might have factored in most of the negatives in his view. 

      "The market is definitely at a balance and what we are seeing certainly, inflation might have peaked or like we are seeing some normalisation into the bond yield globally... Definitely the earnings will be a major driver from here on," he says. 

    • Market At Close | Sensex and Nifty50 fall 10% in April-June — biggest Q2 fall since 2008

      Here are some highlights:

      --Reliance and banking stocks support the market

      --IT and auto stocks drag the market 

      --Auto stocks under pressure ahead of monthly sales data

      --Metal stocks reverse Wednesday's gains — Tata Steel, JSW Steel and Hindalco fall two percent 

      --MCX rises three percent on SEBI’s nod for FPI in commodity derivatives

      --Insurance basket rises — HDFC, SBI Life and ICICI Pru rise one percent

      --Delta Corp falls eight percent as GoM gets two weeks to submit report on casino GST 

      --Birlasoft, IRCTC, Strides, JSPL, CONCOR, Bank of Baroda, Vedanta top midcap losers

      --Shriram Transport, REC, Indus Towers, HDFC AMC, MCX, USL top midcap gainers

      --Market breadth favours the bears — advance-decline ratio at 1:2

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Rupee might depreciate towards 80.5/81 vs US dollar by year-end: Anand Rathi Shares' Jigar Trivedi 

      Jigar Trivedi, Research Analyst-Commodities and Currencies Fundamental at Anand Rathi Shares & Stock Brokers, is of the view that the rupee might depreciate towards 80.5/81 levels by the end of the year owing to the widening of twin deficits.

      "Rising crude oil prices might continue to weigh down on the net importer’s trade deficit, after rising to a record high deficit of $24.29 billion in May. Meanwhile, narrowing interest rate differentials amid hawkish central banks across the horizon, with the Fed ready to hike the rate by 75 bps in July, might amplify the capital outflows, adding pressure on capital account. Though the RBI might intervene in the forex markets to curb the losses, it's unlikely to draw a line in the sand, as fundamentals remain weak," he says. 

    • Maruti Suzuki at day's low

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • MTAR Technology back in green 

    • Metro Cash & Carry is illegally issuing add-on cards on the same GST number: Praveen Khandelwal of CAIT

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Buy PVR, Ashok Leyland: Shrikant Chouhan

      Here are two recommendations by Shrikant Chouhan of Kotak Securities:

      -- Buy PVR for a target of Rs 2,050-2,100 with a stop loss at Rs 1,800 

      -- Buy Ashok Leyland for a target of Rs 155-160 with a stop loss at Rs 140 

    • ABB India to automate operations across THINK Gas’s Network

      Here's how the stock reacted to the development 

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Central banks are less important than people think: Kenneth Fisher of Fisher Investments

      According to Fisher central banks are less important than people think they are. "Central banks are more reactive, not the cause as they are seen to be. Time is what will get us out of this fall." He added that the central banks are prone to doing ‘stupid stuff’. "I am usually more fearful of central banks vs being hopeful," he said.

    • Buy Shriram Transport, Eveready, sell Indiabulls: Ashish Kyal

      Here are some recommendations by Ashish Kyal of Waves Strategy Advisors:

      -- Buy Shriram Transport Finance for a target of Rs 1,350 with a stop loss at Rs 1,205 

      -- Sell Indiabulls Housing Finance for a target of Rs 87 with a stop loss at Rs 97.50 

      -- Buy Eveready Industries for a target of Rs 350 with a stop loss at Rs 310 

    • This global fall has been longer than just a correction: Kenneth Fisher of Fisher Investments

      Fisher said that the global fall has been longer than just a correction and that people are confusing it with a bear market. "Global economic health is not as bad as it is being made out to be," he added. 
       

    • Maruti Suzuki shares at Rs 8543.4, 0.7% off day's low 

    • Delta Corp at day's low

      GST Council, on Wednesday, had deferred the proposal to levy a 28 percent tax on casinos, online gaming, race courses and lottery. 

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • FY23 revenue growth will be 30% due to higher prices: Challa Srishant of CCL Products

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Buy Axis Bank, Eicher Motors: Jay Thakkar

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

      -- Buy Axis Bank for a target of Rs 660 and Rs 675 with a stop loss at Rs 620 

      -- Buy Eicher Motors for a target of Rs 3,050 and Rs 3,190 with a stop loss at Rs 2,750 

    • Using Bitcoin Dominance to make better trades

      Bitcoin Dominance can give you a sense of how the crypto space is performing and where it is headed. It tells you whether the altcoins are performing better, worse, or similar to Bitcoin. Know more about Bitcoin Dominance here.

    • Expect EBITDA margin of 20% in FY23: Chirag Parekh of Acrysil

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Sell GNFC, buy PVR: Manas Jaiswal

      Here are two recommendations by Manas Jaiswal of manasjaiswal.com:

      -- Sell GNFC for a target of Rs 550 with a stop loss at Rs 586 

      -- Buy PVR for a target of Rs 1,950 with a stop loss at Rs 1,555 

    • Rupee could hit 80 against the US dollar soon 

      Battered by elevated crude oil prices, strength in the greenback overseas and weakness in equities amid sustained foreign institutional outflows, the rupee has hit a series of lows against the US dollar in quick succession. Experts suggest that it may be headed to even lower levels soon. (Here's why)

    • ONGC at day's low 

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • JB Chemicals near day's high 

    • Bajaj Finserv and Bajaj Finance down

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • JB Chemicals to acquire four Dr Reddy’s brands for Rs 98.3 crore

      JB Chemicals & Pharma shares rise as much as 2.2 percent to Rs 1,590 apiece on BSE after the news. The Dr Reddy's stock gains to as high as Rs 4,398.1, up 0.8 percent from its previous close. 

    • Rupee opens higher at 78.87 vs US dollar

      On Wednesday, it had settled at 78.97 against the greenback.

      Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Stock Market Highlights: Sensex holds 53,000 as market gives up day's gains — rupee hits record low of 78.97
    • Pre-Open Market | Sensex down 130 pts

      In the pre-opening session, the Sensex is down 129.8 points or 0.2 percent at 52,897.2. 

    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 finished a choppy session flat on Thursday, though global markets saw deeper losses after data showed the world's largest economy contracted in the quarter ended March 2022. Broader markets underperformed the headline indices, with the Nifty Midcap 100 and Nifty Smallcap 100 gauges falling 0.8 percent and 0.5 percent respectively.

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