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Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%

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Market Highlights: The benchmark 30-share S&P BSE Sensex ended at 60,766, rising 482 points, or 0.80 percent on Monday. The broader 50-share NSE Nifty settled at 18,173, surging 182 points, at 1.01 percent. The MidCap index added 481 points, rising 1.51 percent, to settle at 32,286, while the banking gauge, Bank Nifty settled at 38,617.Catch main highlights from today's session here:

Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
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  • Nifty gainers and losers; Tata Motors zooms 21%

    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Sensex gainers and losers: M&M, PowerGrid, ITC, L&T gain; Maruti Suzuki, HUL, Nestle top losers

    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • European indices up on strong earnings from cos
    Major European indices recouped losses made in early trade, following encouraging earnings outlook by German software major SAP and robust earnings from French luxury goods maker LVMH. Shares of SAP rose more than 4%, following the gains in their US-listed shares, as the company raised its full-year outlook for the third time amid strong digital deal wins.

  • Closing Bell: Sensex settles at 60,766; Nifty at 18,173

    The benchmark 30-share S&P BSE Sensex ended at 60,766, rising 482 points, or 0.80 percent on Monday. The broader 50-share NSE Nifty settled at 18,173, surging 182 points, at 1.01 percent. The MidCap index added 481 points, rising 1.51 percent, to settle at 32,286, while the banking gauge, Bank Nifty settled at 38,617.

    MARKET AT CLOSE: Key highlights from today's trading session
    Market Ends At A Record Closing High Amid All-round Gains
    All Frontline Indices (Sensex, Nifty, Midcap Index & Nifty bank) Post Record Close
    Nifty Closes Above 18,000 For The 1st Time Ever
    Sensex Rises 453 Points To 60,737, Nifty 170 Points To 18,162
    Nifty Bank Gains 114 Points To 38,636 & Midcap Index 489 Points To 32,294
    11 Nifty Stocks Hits Freah 52-week Highs In Wednesday’s Trade
    Tata Motors’ Fund Raising For EV Biz Lifts Other Group Stocks Too
    Tata Group Stocks Gain Market Cap Of More Than `60,000 Cr Today
    Tata Chem, Tata Power Gain In-line With TaMo On EV Boost, Up  14% Each
    Maruti Slips While Other Auto Stocks Rise, Nifty Auto Up Over 3%
    Reliance’s New Announcement For Renewable Biz Helps Stock Gain Nearly 1%
    Govt’s Gati Shakti Scheme Focussing Infra Projs Lift L&T, GMR, Bharat Forge
    PSU Banks Continue To Move Higher, Union Bank Up Over 10%
    EV-exposed Stocks See Major GainS, Sona BLW Up 14%, Greaves Up Over 6%

  • ITC extends gains, hits 52-week high

  • Major progress made on LIC divestment plan, says Finance Secretary TV Somanathan
    Finance Secretary TV Somanathan on Wednesday said that a lot of progress has been made on the Life Insurance Corporation (LIC) divestment plan. "A lot of constructive work has already been completed," he said in an interview with CNBC-TV18.

  • Kotak Mahindra Bank sees FY22 GDP growth rate at 9%
    The bond markets are taking a breather now: US bond yields have cooled from 1.61 percent to 1.58 percent. The dollar index has cooled off from 94.5 to closer to 94. Indian markets have seen similar trends as the rupee cooled to 75.25 from 75.5 on Tuesday. Indian bond yields – which were at 6.34 have cooled to 6.31.

  • Esop Effect: Digital payment service MobiKwik becomes a unicorn ahead of IPO
    Fintech platform MobiKwik's valuation has crossed the $1 billion mark, making it the 33rd Indian start-up to become a unicorn this year. The development comes after MobiKwik’s staff exercised their employee stock ownership plan (Esop) in a secondary sale. The sale was led by Mathew Cyriac, former Blackstone India head. According to media reports, Cyriac bought shares at almost twice the price he had invested in the start-up earlier this year.

  • Gold Price Today: Yellow metal edges higher, near Rs 47,250; should you take positions?

    Gold and silver prices rose amid a weakening dollar overseas. However, sharp gains in domestic equities dented the precious metals' appeal as a safe-haven bet.
    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • CNBC-TV18 Exclusive | CII's Sanjiv Bajaj says Gati Shakti to reduce supply chain, logistics cost

    CII President-Designate Sanjiv Bajaj said in an exclusive interaction with CNBC-TV18 that the Gati Shakti scheme will reduce supply chain and logistics-related costs.

  • Market Watch | Buy Godrej Consumer Products, JSW Steel and Mahanagar Gas, says KRChoksey Securities’ Kapadia

    Here are trading calls by Hemen Kapadia of KRChoksey Securities:

    Buy Godrej Consumer Products with a target of Rs 1,100 and stop loss at Rs 1,025

    Buy JSW Steel with a target of Rs 720 and stop loss at Rs 660

    Buy Mahanagar Gas Ltd with a target of Rs 1,125 and stop loss at Rs 1,050

  • So far today, Tata Group companies gain market capitalisation of nearly 70,000 crore

  • See substantial increase in demand, expect good growth in Q3: Berger Paints
    Berger Paints CEO Abhijit Roy explains what the jump in demand for real estate means for the paints industry.
    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Tata group is the major beneficiary of EV theme, says Meena of Swastika Investmart

    “There is a turnaround story in the entire Tata Group since N Chandrasekaran joins as a chairman of the Tata group” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

    Tata group is the major beneficiary of EV theme as it is getting the benefit of early mover and strategic asset allocation. Tata group worked very well in EV theme with a proper synergy of Tata Motors, Tata Chemical, and Tata Power, said Meena.

    “Tata Motors is doing very well in the PV segment and gained more than 10 percent market share where at the same time Maruti is losing its market share. Tata Motors valuations are still cheap compared to Tesla, Maruti, and other global EV giants despite big rally where the recent investment by TPG group could lead to serious rerating for the counter,” Meena added.

    Tata Chemical is working very aggressively towards the lithium-ion battery and Tata Power could be a leader in EV infrastructure in the country furthermore other renewal businesses may be revalued as many PE investors are betting on clean energy. The long-term outlook for all three stocks is very bullish however some intermediate corrections can't be ruled out, he said.

    “Investors should remain invested in these counters and any correction should be taken as a buying opportunity,” he added.

    Technically, Tata Motors is resuming its bullish momentum following a breakout of bullish flag formation where it may head towards the next important hurdle 550 and it may see some correction or consolidation around the 550 level. On the downside, 440-420 will be the first support zone while 400-380 will be the critical demand zone, according to Meena.

    Meena said Tata Chemical is trading in uncharted territory and it may head towards 1,500 level in the next 6-8 months however 1,200 could act as an immediate hurdle. On the downside, 1,000 should act as a base now.

    “Tata Power has entered into a multi-year bull market after crossing the 100 mark however it has achieved our medium target of 225 too early so we can expect some consolidation or profit booking,” Meena said. The overall texture is bullish and the stock can see further upside towards 300 or higher levels therefore investors should remain invested while any correction 185-175 zone will provide a great buying opportunity, he added.

  • Coal shortage issue partly seasonal; opportunities in autos and banks: Tata MF
    Rahul Singh, chief investment officer (CIO)-equities at Tata Mutual Fund, on Wednesday, said that a part of this coal shortage issue is seasonal in nature. He also bet on IT companies in the medium…
    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Tata Motors-TPG deal validates EV opportunity in India; launch pipeline impressive: Experts
    To discuss the Tata Motors-TPG group's deal, CNBC-TV18 spoke to Rishabh Jain, the programme lead at Council on Energy, Environment and Water-Centre for Energy Finance, Karthik Reddy, Co-founder and…
    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Reliance Industries, Tata Motors and Infosys contributed the most to the gains in Nifty50 today

    (Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.)

    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Barring Nifty FMCG and Nifty Realty, all sectoral indices on the NSE were trading above the flatline. Nifty Auto gained the most, followed by Nifty Metal.

    Market Highlights: Sensex settles at 60,766; Nifty at 18,173; Tata Motors zooms 21%
  • Adani Total Gas shares were up 0.5%

  • Tata Motors' stock zooms 19%

  • LIC hikes stake in Amara Raja Batteries

    Life Insurance Corporation of India - P & GS Fund increased its shareholding in Amara Raja Batteries to 7.09 percent as of September end.

    As of June end, the institutional investor owned 5.41 percent stake in the company.

    Shares of Amara Raja Batteries were up 0.5 percent on the BSE.

  • UltraTech Cement shares gain 1.4% 

    The cement maker has announced the commissioning of cement capacity of 1.2 mtpa in October at the following locations of UltraTech Cement, which is the first phase of the 19.5 mtpa capacity expansion announced in December:

    --Patliputra Cement Works, Bihar with an additional cement capacity of 0.6 mtpa, taking the unit’s capacity to 2.5 mtpa

    --Dankuni Cement Works, West Bengal with an additional cement capacity of 0.6 mtpa, taking the unit’s capacity to 2.2 mtpa

    This additional capacity will help the cement manufacturer to cater to the fast-growing cement demand in the Eastern markets and will also help in increasing its blended cement ratio.

    Shares of the company were up 1.4 percent on the BSE.

  • Here is CNBC-TV18's interaction with Tata Motors CFO PB Balaji and President - PV Business Shailesh Chandra and Ankur Thadani of TPG Rise:

  • Shares of SpiceJet rose nearly 4 percent whereas those of InterGlobe Aviation were up 0.1 percent

  • Zee to see upward trend, quantum of re-rating depends on how things pan out: Elara Securities' Karan Taurani 

    Karan Taurani of Elara Securities said in an interview to CNBC-TV18 that Zee is expected to see an upward trend, and the quantum of rerating depends on how things pan out. He has a target of Rs 390 per share on Zee Entertainment. 

    Things are going to turn around for the media company, he said.

  • Expect Infosys to outperform TCS on growth: JM Financial

    Manik Taneja, Research Analyst-IT Services at JM Financial Institutional Securities, said in an interview to CNBC-TV18 that he expects Infosys to outperform TCS on the growth front. “Between three names that announce results today (Infosys, Wipro and Mindtree), I would wager a bet on Infosys," he said.

    Infosys is likely to raise its revenue guidance, which is the base expectation. Infosys has had relative growth momentum on its side compared to Tata Consultancy Services (TCS). So they outperformed TCS on growth both in FY20 and FY21. Given whatever we have heard over the last few quarters and its guidance, it looks to be the case that even this year, Infosys will outperform TCS on growth," he added. (Read more on IT shares here

  • Buy Jindal Steel, NMDC: Mitessh Thakkar 

    Here are two trading calls from Mitessh Thakkar of earningwaves.com:

    --Buy Jindal Steel and Power for a target of Rs 460 with a stop loss below Rs 430 
    --Buy NMDC for a target of Rs 163 with a stop loss below Rs 150 

  • Abiraterone by DRL becomes first anti-cancer drug from India to enter Chinese market: India’s Ambassador to China 

  • India looks at close to double-digit growth this year: Sitharaman

    India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade. "As regards the growth of India, we are looking at near close to double-digit growth this year and this would be the highest in the world. And for the next year, on the basis of this year, (the) growth would definitely be somewhere in the range of eight (per cent), Sitharaman said on Tuesday during a conversation at Harvard Kennedy School. 

Market Highlights:
The benchmark 30-share S&P BSE Sensex ended at 60,766, rising 482 points, or 0.80 percent on Monday. The broader 50-share NSE Nifty settled at 18,173, surging 182 points, at 1.01 percent. The MidCap index added 481 points, rising 1.51 percent, to settle at 32,286, while the banking gauge, Bank Nifty settled at 38,617.