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    Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares

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    Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 bounced back on Monday amid gains in financial and FMCG shares. Broader markets mirrored the gains in headline indices, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising 0.7 percent and 0.6 percent respectively. Globally, concerns about steep hikes in pandemic-era interest rates and their impact on economic growth kept investors on the back foot.

    Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 4, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Market Watch | Buying into FMCG reflects the current market scenario: Dilip Bhat, Joint MD, Prabhudas Lilladher

      The FMCG names have taken it on the chin because of the rising commodity prices and very muted demand, especially coming from the rural areas. So overall, the volume growth has always been very muted for the FMCG companies for the last couple of quarters. So I think this is a big relief that the commodity prices are coming down and at the same time, we're also hearing that the rural demand is also firming up and is reviving in a very nice way. So I think all this adds up very well for the FMCG companies but yes, they are all very expensive. I think more than anything else, the buying into FMCG reflects the current market scenario where there's a lot of hesitancy, a lot of apprehensions, and a lot of uncertainty. So these stocks provide some kind of resilience to your portfolio and the way they have fallen, also on a risk-weighted basis, possibly they are at the bottom. So I think, yes, it makes sense to buy FMCG not from any great money-making point of view but to give some kind of defense in this uncertain times of the market with better management and with better cash flows. So I think these companies possibly will remain in the radar of a lot of people who want to have a little slightly cautious and defensive approach.

    • MARKET AT CLOSE

      Market Snaps 3-day Losing Streak As Financials & FMCGs Gain

      Sensex Rises 327 Points To 53,235 & Nifty 83 Points to 15,835

      Nifty Bank Gains 401 Points To 33,941 & Midcap Index 182 Points To 26,770

      FMCG Stocks Surge With Palm Oil Prices Falling 10%, Nifty FMCG Up 3%

      ITC Continues The Upmove With Stock Rising To 3-year Highs

      3 Of Top 5 Nifty Gainers Are FMCG Stocks (HUL, Britannia & ITC)

      ONGC Slips Another 4% Today As Windfall Tax Weighs, Oil India Falls Too

      Metals Stock Remain Weak As Global Prices Fall, JSW Steel Top Nifty Loser

      Autos See A Mixed Reaction To June Sales, M&M, TaMo Slip While Bajaj Auto Rises

      IDFC First Bank Is Top Midcap Gainer After Business Update, Stock Up 6%

      Siemens Closes At Day’s High With A Gain Of 5% On Positive Brokerage Note

      City Gas Cos Rise As Brokerages See ONGC’s Expected 50% Price Rise In Oct ‘At Risk’

      AU Small Fin Bank Is Top Midcap Loser With A Fall Of 3% Post Qtrly Update

      Market Breadth Favours Advances, Advance-Decline Ratio At 3:2

    • Closing Bell | Indian equity benchmark indices ended higher in the highly volatile session on July 4 with Nifty closing above 15,800. The Sensex was up 326.84 points or 0.62% at 53,234.77, and the Nifty was up 83.40 points or 0.53% at 15,835.40. 

    • UPL recovers & trading near day’s high, more than 3% off lows

    • Monetary policy smoothens out variations and volatility in relation to currency: Government sources to CNBC-TV18

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • HUL at day's high 

    • HDFC AMC has seen a substantial correction: Gaurav Ratnaparkhi

      Gaurav Ratnaparkhi, Technical Analyst at Sharekhan said that HDFC AMC has seen a substantial correction. "The monthly chart shows that the stock is in the end of correction and if we go down to lower timeframes, a daily chart, then we can see that the base formation has already taken place. Stock has form a base triangle and has broken out on the upside. So substantial upmove looks on the cards and one should definitely hold on to the counter and can even do a cost averaging at current level and expecting upside towards Rs 2,300 from medium term perspective," he said. 

    • Tata Power 0.8% off day's high

    • Launching a mid-sized SUV on July 20: Shashank Srivastava of Maruti Suzuki

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Buy HUL, Trent: Himanshu Gupta

      Here are some recommendations by Himanshu Gupta of Globe Capital:

      -- Buy Hindustan Unilever Ltd (HUL) for a target of Rs 2,360 with a stop loss at Rs 2,280 

      -- Buy Trent with for a target of Rs 1,150 with a stop loss at Rs 1,102 

    • VA Tech near day's high after sharp spike 

    • Buy ITC, Pricol: Ashish Kyal

      Here are some recommendations by Ashish Kyal of Waves Strategy Advisors

      -- Buy ITC for a target of Rs 310 with a stop loss at Rs 280 

      -- Buy Pricol Ltd for a target of Rs 147 with a stop loss at Rs 132 

      -- Avoid Oil and Natural Gas Corporation (ONGC), I will use any moves on the upside in ONGC towards Rs 130 as a shorting opportunity again for a move towards Rs 115.

    • Adani Ports back in red 

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Top weightages in the portfolio currently are private sector banks, IT: Aashish Somaiyaa

      Aashish Somaiyaa, CEO, Whiteoak Capital Asset Management, said, "Least biases in the portfolio or minimal biases in the portfolio, very few do's and don'ts, basically looking for high governance, we are perpetually half in small and midcap." He said that these are the only biases they have. We are not going after any sector... in terms of what finds more representation in the portfolio... I think is private sector banks, then it comes to IT and IT enabled services. So, I would say top weightages in the portfolio currently are private sector banks, IT and then followed by consumer durables to this specific."

    • Power Grid trading at day's high 

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Auto stocks slips on June auto sale number

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Buy Canara Bank, ONGC: Vishal Malkan

      Here are two recommendations by Vishal Malkan of malkansview.com:          

      -- Buy Canara Bank for a target of Rs 210 with a stop loss at Rs 182 

      -- Oil and Natural Gas Corporation (ONGC) is in a no-trade zone, avoid it for the time being

    • UltraTech trading flat

    • Bharti Airtel near day's high

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Should expand growth in African market: Antony Cherukara of VST Tillers Tractors

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Buy ICICI Bank, Siemens: Ruchit Jain

      Here are two recommendations by Ruchit Jain of 5paisa.com:

      -- Buy ICICI Bank for a target of Rs 735 with a stop loss at Rs 694 

      -- Buy Siemens for a target of Rs 2,540 with a stop loss at Rs 2,400 

    • Expect significant fall in oil prices hereon: Sunil Singhania of Abakkus Asset Management

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • HCL Technologies trading near day's high 

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Reliance Industries shares rebound after Friday's plunge

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

      Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    • Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares
    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 bounced back on Monday amid gains in financial and FMCG shares. Broader markets mirrored the gains in headline indices, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising 0.7 percent and 0.6 percent respectively. Globally, concerns about steep hikes in pandemic-era interest rates and their impact on economic growth kept investors on the back foot. 

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