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Stock Market Highlights: Sensex ends 710 pts lower and Nifty50 slips below 15,450 — rupee hits all-time low

Stock Market Highlights: Sensex ends 710 pts lower and Nifty50 slips below 15,450 — rupee hits all-time low


Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 snapped a two-day winning run on Wednesday tracking nervousness across global markets as investors awaited a key testimony by Fed Chair Jerome Powell due later in the day. Oil & gas, financial and IT shares were the biggest contributors to the fall in headline indices. Broader markets mirrored the losses. The Nifty Midcap 100 and the Nifty Smallcap 100 fell around 1.5 percent each. 

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Jun 22, 2022 5:30 PM

Falling crude oil rates definitely a positive for Indian market: Neeraj Deewan 

Neeraj Deewan, Director at Quantum Securities, sees the ongoing fall in crude oil rates as a positive for the Indian market. 

“It is very hard to hold on to any conviction with the kind of US markets we are seeing. There are so many people giving call of a recession in US and the markets are pricing that in," he says. 

"The commodity market correction is good for a lot of industries consuming fuel and steel etc. So I think one should be looking at buying on dips. If you are looking at a one-year investment, these dips should be bought into,” he adds. 

Jun 22, 2022 4:54 PM

45 Nifty stocks in the red

Jun 22, 2022 3:55 PM

Market At Close | Sensex and Nifty50 in the red amid volatility

Here are some highlights: 

--Metal shares reverse previous day's gains as global rates slip — Nifty Metal falls five percent

--All sectoral in the red — Nifty Metal, Nifty Media and Nifty Energy top losers

--Crude fall weighs on oil & gas shares — ONGC slides three percent and OMCs gain 2-3 percent

--UPL, Tata Steel and IndusInd hit 52-week lows

--Hindalco, UPL, Tata Steel, JSW Steel, Wipro, ONGC, Adani Ports top Nifty losers

--Sun TV top midcap loser

--IndiGo rises but SpiceJet slips after monthly air passenger traffic data 

--Market breadth favours the bears — advance-decline ratio at 2:5

Jun 22, 2022 3:42 PM

RBL Bank up 3.5% as investors likely to approve new CEO

The stocks of RBL Bank had earlier fallen over 20 percent after the surprise appointment of R Subramaniakumar as the MD and CEO. Now, people in the know have told CNBC-TV18 that bank’s key investors are likely to approve the appointment.The stock reacted positively to the news and was up 3.5 percent in the afternoon. (Read more here)

Jun 22, 2022 3:11 PM

HPCL near day's high at Rs 224.5

Jun 22, 2022 3:00 PM

EU upheld antitrust veto against Thyssenkrupp-Tata Steel deal 

Jun 22, 2022 2:53 PM

No SUC on spectrum assigned post September 2021: DoT

Mixed trend among telcos. Bharti Airtel in red, Reliance Communications, Tata Teleservice and Vodafone Idea, among others extend gains. 

Jun 22, 2022 2:40 PM

Except 16% revenue growth & EBITDA margin of 21-23% in FY23: Mehul Mohanka

Jun 22, 2022 2:22 PM

Buy Praj Industries, Apollo Hospitals: Sameet Chavan

Here are recommendations by Sameet Chavan of Angel Broking:

-- Buy Praj Industries for a target of Rs 385-390 with a stop loss at Rs 348 

-- Buy Apollo Hospitals for a target of Rs 3,900-3,950 with a stop loss at Rs 3,720 

Jun 22, 2022 2:11 PM

M&M at day's low 

Jun 22, 2022 1:52 PM

Buy Berger Paints, Shriram Transport Finance, Maruti Suzuki: Aditya Agarwala

Here are some recommendations by Aditya Agarwala, Head-Research and Investments at Invest4edu:

-- Buy Berger Paints for a target price of Rs 620 with a stop loss at Rs 560 

-- Buy Shriram Transport Finance for a target price of Rs 1,250 with a stop loss at Rs 1,160 

-- Buy Maruti Suzuki for a target price of Rs 9,000 with a stop loss at Rs 7,600 

Jun 22, 2022 1:43 PM

Quarterly GDP Growth will fall into the 4% handle: Citi 

The current data, macro data, and activity data are quite strong and that is why for the April to June quarter, especially because of the favorable base, India is likely to see a GDP growth of maybe even 19-20 percent, says Surendra Goyal, Head-India Research at Citi. 

"The full-year GDP growth number in our view would be significantly elevated at around 8 percent. However, as we move in the year, the quarterly growth rates will fall quite substantially and we will see numbers more or less in the 4 percent handle on GDP growth," he said. 

Jun 22, 2022 1:30 PM

Rupee hits record low 

The Indian Rupee hit a record low of 78.28 against the US Dollar today

Jun 22, 2022 12:58 PM
Jun 22, 2022 12:43 PM