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Stock Market Highlights: Sensex ends volatile session 443 pts higher and Nifty50 reclaims 15,550 as market continues to rise after a day's breather

Stock Market Highlights: Sensex ends volatile session 443 pts higher and Nifty50 reclaims 15,550 as market continues to rise after a day's breather

Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 managed to finish a volatile session on Thursday in the green, amid mixed moves across global markets after Fed Chair Jerome Powell said the US central bank is "strongly committed" to fighting inflation. Gains in financial, IT and auto shares pushed the headline indices higher, though losses in select oil & gas scrips played spoilsport. Broader markets also mirrored the gains in the main indices, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising more than one percent each. 

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This is the best time to invest: Prime Securities' N Jayakumar

N Jayakumar, MD at Prime Securities, tells CNBC-TV18 that the Nifty50 may have made a bottom in the 15,000-15,200 range. "That is a good base to start accumulating and building portfolios... To the extent you have marginal cash, you should be deploying it. That's my personal take," he says. 

Rupee ends marginally higher vs US dollar

Market At Close | Sense and Nifty50 finish volatile session in the green

Here are some highlights: 

--Autos stocks jump amid falling raw material prices and hopes of improving demand

--Nifty Auto clocks its biggest gain of 2022

--Metal stocks fail to hold on to initial gains

--ONGC flat but Oil India rises tracking crude oil rates

--IT basket posts healthy gains ahead of Accenture earnings

--Market breadth favours the bulls with an advance-decline ratio of 2:1

Deven Choksey bullish on auto space

The commercial vehicle segment is looking good because of high demand due to logistic movement as far as industries, and infrastructure projects are concerned and the scrappage policy would also result in more commercial vehicles, Deven Choksey of KRChoksey told CNBC-TV18

"In auto space, we like commercial vehicle, to begin with and then the pent-up demand in the passenger vehicle is also making a case for likes of Maruti to remain strong in the current year,” he said.

Birla's UltraTech Cement vs Adani Group

Adani Group may have stormed into the cement industry by picking Holcim's cement business in India, placing itself in the second spot in the pecking order, but Aditya Birla Group is upping its game, too. Some brokerages say Birla's UltraTech Cement will lead. (Here's why)

Route Mobile back in green 

Asian Paints, Maruti Suzuki: Ashish Kyal

Here are recommendations by Ashish Kyal of Waves Strategy Advisors

-- Buy Asian Paints for a target of Rs 2,930 with a stop loss at Rs 2,645 

-- Buy Maruti Suzuki for a target of Rs 8,700 with a stop loss at Rs 7,840 

Divi's Lab near day's high 

Buy Mahindra and Mahindra, Maruti Suzuki, Sapphire: Shrikant Chouhan

Here are some recommendations by Shrikant Chouhan of Kotak Securities:

-- Buy Mahindra and Mahindra (M&M) for a target of Rs 1,040-1,045 with a stop loss at Rs 970 

-- Buy Maruti Suzuki with a target of Rs 8,500-8,600

-- Buy Sapphire for a target of Rs 1,200 with a stop loss at Rs 960 

US Futures, Dow Futures down amid weakness in US equities 

Bank stocks down, Nifty bank at 32,836.8

Bajaj Finance and Bajaj Finserv in red

Cement stocks down

UltraTech, Shree Cement & India Cement fall 2 percent each from respective intraday lows. Nifty Commodities trading 0.15 percent down at 4,832.75

Detailed investigation is being conducted to ascertain facts of Nexon EV fire: Tata Motor