Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 17, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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Market At Close | Wipro, BPCL, TCS, Tech Mahindra among 17 Nifty stocks to hit 52-week lows
--Reliance, ICICI Bank and HDFC Bank aid market recovery
--L&T, Titan and TCS drag headline indices
--Titan suffers biggest fall since May 2020
--Pharma stocks see major selling -- index donw two percent
--Reliance Industries rises nearly two percent after Jio reports maximum monthly user additions
--Metal stocks halt losing streak
--Delta Corp surges 13 percent after company files DRHP for gaming arm
--Market breadth favours the bulls -- advance-decline ratio at 2:5
Buy Delta Corp, sell Coromandel International: Hemen Kapadia
Here are two recommendations by Hemen Kapadia of KRChoksey Securities:
-- Buy Delta Corp for a target of Rs 195 with a stop loss at Rs 165
-- Sell Coromandel International for a target of Rs 905 with a stop loss at Rs 950
Inflation problem in Asia is purely commodity driven: Credit Suisse
Dan Fineman of Credit Suisse told CNBC-TV18 the the problem of inflation in Asia is purely commodity driven. "Inflation in Asia can drop off pretty quickly... could get into recessionary situation next year," he said
Nominal GDP growth estimate is 14-15 percent: Chief Economic Adviser
V Anantha Nageswaran, Chief Economic Adviser, told CNBC-TV18, that the nominal GDP will be higher than the budgeted 11.1 percent. He said that the nominal GDP growth estimate is 14-15 percent.
He added that the government is doing whatever it can do to create jobs. "Employment generation will remain a policy priority," Nageswaran said.