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    Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%

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    Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%

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    Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 extended gains to the fifth trading session in a row on Monday, led by gains in financial and IT shares, shrugging off weakness across most global markets. Losses in metal and select oil & gas shares limited the upside for headline indices. Broader markets finished the choppy day with mild gains. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose 0.2 percent each. Investors globally braced for rate action in central bank meetings due this week and continued to track updates on the Russia-Ukraine war.

    Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on March 14, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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      Catch latest from CNBC-TV18's coverage of Russia-Ukraine war

    • Avoid midcap banking: Amit Gupta

      Amit Gupta, Vice President and PMS Fund Manager at ICICI Securities, is of the view that it is the time to avoid midcap banking stocks and even NBFCs from the lower spectrum. That is where the major problem is, he says. 

      "In banking, technology, metals and energy sectors, if you look at the Nifty EPS, it is not getting downgraded despite crude moving higher. If you combine all of them, they are in excess of 60 percent of the Nifty weight right now - banking primarily the results are coming better from the big banks, the big NBFCs or the big the private banks or PSUs," he adds. 

    • Market At Close | Sensex, Nifty50 at 3-week closing highs

      Here are some highlights:

      --Financial stocks lead benchmark indices higher

      --HDFC Bank, ICICI Bank, Infosys, Reliance Industries top index movers

      --HDFC Bank gains 3 percent after RBI lifts tech ban 

      --Infosys at 2-month high, 3 percent within lifetime high

      --Auto stocks off lows; M&M, Maruti Suzuki among top gainers

      --Oil marketing cos under pressure on no fuel price hike, down 1-5 percent

      --ONGC, Oil India slip amid fall in crude oil prices; Brent remains around $110/barrel

      --36 Nifty stocks rise; Infosys, SBI, HDFC Bank, Maruti Suzuki top gainers

      --Chemical stocks rise as China locks down major producing cities

      --Jubilant FoodWorks slumps 12 percent to 15-mth low after co's CEO resigns

      --AU Small Finance Bank among top midcap losers, down 6 percent

      --Metal shares fall; Hindustan Copper, Nalco down 3 percent

      --Sugar stocks continue to rise; Balrampur Chini up 2 percent

      --Market breadth slightly in favour of bears

    • Infosys, HDFC Bank, SBI top blue-chip gainers

      Axis Bank, ICICI Bank, Maruti Suzuki and HDFC also among the top gainers. On the other hand, Indian Oil, ONGC, Hindustan Unilever, Tata Motors and HDFC Life the worst hit among the 13 laggards in the Nifty50 universe.

      Here's how the 30-scrip basket fares:

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Market At Close | Sensex, Nifty50 extend gains to 5th day

      The 30-scrip Sensex index rises 935.7 points or 1.7 percent to end at 56,486 and the broader Nifty50 settles at 16,871.3, up 240.9 points or 1.5 percent from its previous close. Gains in financial and IT packs were the biggest boosts for both headline indices. (Read more on the closing bell)

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Geopolitical situation led to steel rise in global crudef oil rates: Oil Minister In Parliament           

      The global oil market and potential energy supply disruptions are being closely monitored, and the government is ready to take appropriate action as deemed fit, the minister said.

    • BharatPe forays into secured loans, launches gold loan for merchant partners

      Fintech company BharatPe announces the launch of gold loan for its merchant partners, making a forwar in secured loans. The company has partnered with RBI-approved NBFCs to offer gold loan of up to Rs 20 lakh, according to a company statement. 

      BharatPe has already launched gold loans for merchants in the Delhi NCR, Bangalore and Hyderabad, and will be scaling this to 20 cities by the end of 2022. It has set a target of facilitating disbursals of Rs 500 crore by the end of 2022.

    • How HDFC Bank, SBI, Axis Bank, ICICI Bank rise 3%

      Here's how the BFSI pack looks:

      Stock Change (%)
      HDFCBANK 3.4
      SBIN 2.9
      AXISBANK 2.9
      ICICIBANK 2.6
      HDFC 1.9
      KOTAKBANK 1.4
      M&MFIN 1.3
      SBILIFE 1
      CHOLAFIN 0.7
      BAJAJFINSV 0.4
      ICICIGI 0.3
      PEL 0.1
      SRTRANSFIN -0.1
      BAJFINANCE -0.2
      ICICIPRULI -0.2
      PFC -0.6
      HDFCAMC -0.6
      HDFCLIFE -1.3
      RECLTD -1.9
      MUTHOOTFIN -2.5
    • Total bank frauds at Rs 11,582 crore in FY21 vs Rs 61,229 crore in FY17

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Buy HDFC Bank, Balrampur Chini: Jay Thakkar

      Jay Thakkar of Marwadi Shares & Finance shares two trading calls: 

      --Buy HDFC Bank for a target of Rs 1,470-1,490 with a stop loss at Rs 1,415 

      --Buy Balrampur Chini for a target of Rs 530-545 with a stop loss at Rs 490 

    • Buy HCL Tech, Cipla: Ajit Mishra

      Ajit Mishra of Religare Broking shares two trading calls: 

      --Buy HCL Tech for a target of Rs 1,260 with a stop loss at Rs 1,180 

      --Buy Cipla with a stop loss at Rs 1,000

    • RBI releases regulatory framework for microfinance loans

      Here are some highlights:

      --All entities (banks and NBFC-MFIs) brought under similar rules (previous rules applied only to NBFC-MFIs)

      --To qualify as an MFI loan, households’ total income limit raised to Rs 3 lakh from (previously, urban household income limit was Rs 2 lakh, Rs 1.6 lakh for rural)

      --MFI loans not to have end-use restrictions (previously 50 percent loans had to be income generating)

    • Fall in Jubilant FoodWorks shares not justified: Karan Taurani 

      Karan Taurani of Elara Securities is of the view that the steep fall in the Jubilant FoodWorks stock on Monday is not justified. "Definitely there will be someone new who will be coming stepping on to Pratik (Pota)’s shoes. The only thing here is that there will be lag time, there might be transition of about two or three quarters for the company to basically come back on growth track now... Pratik was one of the first CEOs who actually started this value pizza and Jubilant was moving very favourably towards the sector food tech journey, which was there, and that is why the stock had also seen a sharp de-rating in the last 18 months since the COVID outbreak had begun," he says. 

      "I would probably favour someone from a tech background, because currently these QSR companies need a lot of tech in terms of the overall strategy. They really cannot do without it and whatever Jubilant is getting in terms of premium multiple versus peers is primarily because of their delivery experience, which is there. That strategy should not change too much. Otherwise, I don't think there is any problem from a medium- to long-term perspective," Taurani adds.

    • IT, financial stocks push headline indices higher

      Here's how NSE's sectoral indices look like:

      Index Change (%)
      NIFTY MEDIA 2.1
      NIFTY BANK 1.7
      NIFTY FINANCIAL SERVICES 1.5
      NIFTY PRIVATE BANK 1.4
      NIFTY IT 1.3
      NIFTY PSU BANK 1.2
      NIFTY CONSUMER DURABLES 0.2
      NIFTY AUTO -0.2
      NIFTY HEALTHCARE INDEX -0.2
      NIFTY PHARMA -0.3
      NIFTY FMCG -0.4
      NIFTY OIL & GAS -1.1
      NIFTY METAL -1.2
      NIFTY REALTY -1.7
    • Wholesale inflation at 13.11% in February                 

      Wholesale inflation in the country at 13.11 percent in February, official data shows. Economists in a CNBC-TV18 poll had estimated WPI inflation at 11.9 percent.

      The WPI inflation reading for December revised to 14.27 percent from 13.56 percent.      

      Here are some highlights:

      --Food inflation at 8.47 percent vs 9.55 percent in previous month

      --Primary articles inflation at 13.39 percent vs 13.87 percent MoM                   

      --Fuel and power inflation at 31.50 percent vs 32.27 percent MoM                        

      --Manufactured products inflation at 9.84 percent vs 9.42 percent MoM      

      --Potato inflation at 14.78 percent vs -14.45 percent MoM    

      --Onion inflation at -26.37 percent vs -15.98 percent MoM   

      --Eggs, meat and fish inflation at 8.14 percent vs 9.85 percent MoM              

      --Vegetables inflation at 26.93 percent vs 38.45 percent MoM            

      --Manufactured oroducts index up 0.95 percent MoM

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Nomura revises India GDP, inflation forecasts, sees crude oil at $125/barrel in worst case

      Nomura lowers its forecast for GDP growth in India in FY23 to 6.5 percent in the worst case scenario.

      The brokerage raises its consumer inflation forecast to 6.3 percent in the base case scenario and 7 percent in the worst case scenario, as against 5.9 percent earlier.

      The move comes ahead of monthly wholesale as well as consumer inflation numbers due today. (Read more)

    • Nifty50 tops 20-DMA

      Period (No. of days) Simple moving average Signal
      5 16466.3 Bullish
      10 16433.8 Bullish
      20 16735.2 Bullish
      50 17296.6 Bearish
      100 17415.6 Bearish
      200 16973.8 Bearish
    • Paytm hits return above Rs 700 

      Here's how One97 fares among recent market debutants:

      Stock Issue price LTP LTP vs issue price (%)
      One 97 Communications 2,150 700.9 -67.4
      CarTrade Tech 1,618 549.7 -66
      Suryoday Small Finance Bank 305 113 -63
      FINO Payments Bank 577 284.5 -50.7
      Windlas Biotech 460 238.6 -48.1
      Krsnaa Diagnostics 954 542 -43.2
      Glenmark Life Sciences 720 477.5 -33.7
      Shriram Properties 118 80 -32.2
      Kalyan Jewellers India 87 60.6 -30.4
      RateGain Travel Technologies 425 296.7 -30.2
    • Income Tax department conducts searches against Omaxe Builders: Sources

      Omaxe shares down 4.4 percent at Rs 84.4, having dropped as much as 11.1 percent earlier in the day.

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Income Tax department conducts searches against Omaxe Builders: Sources

      Omaxe shares down 4.4 percent at Rs 84.4, having dropped as much as 11.1 percent earlier in the day.

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Buy Godrej Properties, Nippon Life India Asset Management: Hemen Kapadia

      Hemen Kapadia of KRChoksey Securities shares two trading calls: 

      --Buy Nippon Life India Asset Management for a target price of Rs 344 with a stop loss at Rs 308 

      --Buy Godrej Properties for a target of Rs 1,520 with a stop loss at Rs 1,460 

    • L&T wins order worth Rs 1,000-2,500 crore for water, effluent treatment business    

      Larsen & Toubro shares at day's high, up 0.8 percent at Rs 1,740.9. 

      The water and effluent treatment business of L&T Construction -- a subsidiary of L&T -- secured significant contracts. The construction major classifies orders to the tune of Rs 1 ,000-2,500 crore as significant. 

      The Gujarat Water Infrastructure Limited (GWIL) has placed EPC orders for the design and construction of the Dhanki-Navda Bulk Pipeline project, which aims to enhance water supply capacity to meet the future demands of the Amreli, Junagadh, Botad and Rajkot districts of Gujarat, according to a regulatory filing. 

    • Crude oil rates key thing to monitor from India's standpoint: Atul Suri

      Atul Suri of Marathon Trends tells CNBC-TV18 crude oil prices are the key thing to monitor from India's standpoint. For global equity markets, which are going through a consolidation phase, a key monitorable is inflation and the Federal Reserve. 

      His advice: Refrain from panicking and invest in select stocks instead.

      The IT sector looks good to him. Marathon bought IT stocks in the recent correction, he says. 

    • Investors to closely track inflation numbers: CapitalVia's Likhita Chepa

      Likhita Chepa, Senior Research Analyst at CapitalVia Global Research, says the market opened flat on fears of escalating geopolitical tensions following Russian missiles striking a huge Ukrainian base near NATO member Poland's border on Sunday. WPI and CPI inflation numbers (due later in the day) will be watched closely by investors, she says.

      "Traders may be concerned since RBI Deputy Governor Michael Patra recently stated that India's economic story remains as weak as it was during the 2013 taper tantrum, and that recent geopolitical tensions in Ukraine and Russia are likely to stymie a recovery," she adds. 

    • Not surprised on Paytm, co fairly hurried into payment bank biz: Prakash Diwan

      Market expert Prakash Diwan says he is not surprised by the news on Paytm Payments Bank. "If you recall, they were amongst the first few fintech platforms to have moved into a payment bank, which was fairly hurried at that point and seemingly seamless... But the kind of mass participation that you have in the Paytm platform is definitely something which was always rolled to some sort of gaps in terms of the compliance on particularly KYC and particularly the way the IT platform could kind of corroborate all of that documentation that was coming from all parts of the country in specially a lot of areas very new to banking," he says. 

      "The other businesses, which are ancillary to the primary business, are not something that are recording great valuations... The primary business itself starts suffering, and then that's something which is a fairly significant blow. Where does the stock price go? I think it still continues on its way down, because nobody is going to stick their necks out and buy into it, especially when there's such a big area of concern that needs to be repaired... The valuations will definitely start looking even more expensive than it did when the IPO happened. I believe people will just want to exit, especially long-term institutional investors, and will have to relook at it after a while and just get out even if they have to book a loss," he adds. 

    • HDFC Bank shares rise after RBI lifts restrictions

      HDFC Bank shares rise as much as 2.6 percent to Rs 1,433.8 after the RBI lifts all restrictions on the private lender’s business generating activities planned under the Bank’s Digital 2.0 program.

      The RBI had in 2020 restricted HDFC Bank from launching any new digital products and services, and from issuing new credit cards until the lender resolved all technical issues. In September 2021, the regulator provided a partial relaxation by lifting restrictions on the issuance of new credit cards by HDFC Bank. (Read more on HDFC Bank)

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Gold, silver edge lower on hopes of Russia-Ukraine peace talks

      Gold eases amid firmer US Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. 

      --Spot gold: down 0.4 percent at $1,977.1/ounce 

      --US gold futures: down 0.4 percent at $1,976.4/ounce

      Benchmark US 10-year Treasury yields rose to a near one-month high as the Federal Reserve widely expected to raise interest rates by a quarter of a percentage point at a two-day event scheduled to begin from March 16.      

      "We are expecting gold and silver prices take support on lower levels. Traders can buy gold around Rs 52,100-52,200 levels with a stop loss at Rs 51,700 for a target of Rs 53,000-53,200," says Anuj Gupta, VP-Research at IIFL Securities. He suggests buying silver around Rs 69,300-69,500 for a target of Rs 71,000 with a stop loss at Rs 68,500. (Read more on gold, silver rates)

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Paytm shares hit fresh low 

      Paytm parent One97 Communications' shares fall as much as 13.3 percent to an all-time low of Rs 672.1. At this level, the stock is 68.7 percent below its issue price of Rs 2,150.

      This makes Paytm the fastest and biggest wealth destroyer.

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • Infosys, HDFC Bank, ICICI Bank top Sensex movers

      SBI, Tech Mahindra and TCS also among the biggest contributors to the gain in the 30-scrip index.

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    • HDFC Bank, Infosys, SBI, Tech Mahindra top blue-chip gainers

      Asian Paints, ICICI Bank, Sun Pharma, Wipro and Divi's also among the top gainers. Tata Motors, Indian Oil, Bharat Petroleum, SBI Life and Hindustan Unilever the worst hit among the 30 laggards in the Nifty50 pack. 

      How the Sensex basket looks like:

      Stock Market Highlights: Sensex ends 936 pts higher, Nifty reclaims 16,850; Infy jumps 4%, SBI, HDFC Bank 3%
    Stock Market Highlights
    : Indian equity benchmarks Sensex and Nifty50 extended gains to the fifth trading session in a row on Monday, led by gains in financial and IT shares, shrugging off weakness across most global markets. Losses in metal and select oil & gas shares limited the upside for headline indices. Broader markets finished the choppy day with mild gains. The Nifty Midcap 100 and Nifty Smallcap 100 indices rose 0.2 percent each. Investors globally braced for rate action in central bank meetings due this week and continued to track updates on the Russia-Ukraine war.

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