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Stock Market Highlights: Sensex ends 221 points higher, Nifty tops 18,050; Vodafone Idea tumbles 21%

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Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 extended gains to a third straight day on Tuesday, led by IT, financial and oil & gas shares. However, losses in metal and consumer stocks limited the upside for both headline indices. Broader markets saw mild gains, with the Nifty Midcap 100 and Smallcap indices finishing 0.1 percent higher each. Fears of an earlier-than-expected rate hike by the Fed to tackle inflation and increasing cases of the Omicron variant of COVID-19 kept investors on the back foot globally.

Stock Market Highlights: Sensex ends 221 points higher, Nifty tops 18,050; Vodafone Idea tumbles 21%
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  • TCS, Infosys, Wipro to report Q3 numbers on Wednesday

    India Inc will kick off the quarterly earnings season on Wednesday. IT majors TCS, Infosys and Wipro will post their financial results for the October-December period.

    Analysts expect Tata Consultancy Services' dollar revenue to increase more than two percent sequentially. (Here's what to expect from TCS, Infosys, Wipro's Q3 earnings reports)

  • Technical Picks | IRCTC, Concor, Century Textiles, Apollo Hospitals and other stocks analysts suggest buying now

    Headline indices are once again inching towards the all-time highs of October 2021. Analysts have handpicked a few bets to make use of the current juncture on Dalal Street. (Check out the complete list of stocks analysts recommend now)

  • Positive Q3 earnings expectations, global cues to drive market: Equity99's Rahul Sharma

    Rahul Sharma of Equity99 believes the market is expected to give good returns in coming days given the positive expectations of Q3 results and positive global cues. Traders are advised to ride the current rally with strict stop losses to their positions, he said. 

    Sharma expects the level of 17,915 to act as major support for the Nifty, which, if broken, might be followed by 17,850. On the upper side, 18,120 will act as very strong resistance, which, if crossed, would take the index to 18,200, he said. 

    He expects banking, auto, IT and realty shares to be in focus on Dalal Street now. 

  • Positive on IT, real estate, consumer goods: Sandeep Shah

    Sandeep Shah, Associate Director of Motilal Oswal Private Wealth Management, remains positive on IT stocks. "On commercial real estate, IT already buys about 50 percent of the space there incrementally; about a quarter of residential real estate is bought by IT employees. So I think that's really a big huge move and it is not just restricted to there. I think that's going to be a great play," he said. 

    "Real estate is a very significant and important part of the economy and even though there may be fewer companies that are capital efficient to give the nature of the business or where corporate governance standards have improved dramatically, and I think that real estate could be another very interesting space. I think we are headed for a capex revival. From that perspective, capital goods should also do very well. But of course, you have got to be specific there," he said.

  • Rupee ends higher at 73.90 against US dollar

    The rupee appreciated by 14 paise to settle at 73.90 against the greenback. 

    Stock Market Highlights: Sensex ends 221 points higher, Nifty tops 18,050; Vodafone Idea tumbles 21%
  • Market At Close | IT stocks rise ahead of TCS, Infosys, Wipro Q3 numbers on Wednesday

    Here are some highlights: 

    --Sensex, Nifty50 gain for 3rd straight day led by IT, financial stocks

    --Metal stocks fall after brokerage downgrade; Tata Steel, JSW fall 3%

    --Nifty Bank up 94 points at 38,442; midcap index up 29 points at 31,400

    --Adani group stocks rise; Adani Ports, Adani Enterprises up 4-6%

    --Coforge rises 3% after Jefferies initiates coverage with Rs 7,400 target price 

    --PVR gains 3% as states keep multiplex capacity at 50%

    --Vodafone Idea tumbles 21% as government set to become single largest shareholder

    --JSPL, SAIL, Nalco, Ramco, KPIT top midcap losers

    --Motherson, Adani Enterprises, AU SFB, Trent, Tata Chemicals top midcap gainers

    --Market breadth favours bulls; advance-decline ratio at 1:1

  • Market At Close | HCL Tech, Adani Ports, HDFC, Tech Mahindra top blue-chip gainers

    ONGC, Divi's and TCS were also among top gainers. On the other hand, JSW Steel, Tata Steel, BPCL, Hindalco and Coal India were the worst hit among the 24 laggards in the Nifty50 pack. 

    Here's how the 30-scrip pack fared:

    Stock Market Highlights: Sensex ends 221 points higher, Nifty tops 18,050; Vodafone Idea tumbles 21%
  • Closing Bell | Sensex up 221 points at 60,617, Nifty50 reclaims 18,050

    The 30-scrip index ended 221.3 points or 0.4 percent higher at 60,616.9 and the broader Nifty50 benchmark settled at 18,055.8, up 52.5 points or 0.3 percent from its previous close. Both indices closed higher for the third session in a row. (Read more on the closing bell)

  • HDFC, HCL Tech, Reliance Industries, TCS top Sensex movers

    Infosys, HDFC Bank, Tech Mahindra and SBI were also among the biggest contributors to the gain in the 30-scrip index.

    Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    Stock Market Highlights: Sensex ends 221 points higher, Nifty tops 18,050; Vodafone Idea tumbles 21%
  • LIC raises stake in Ramco Cements to 6.38% in Q3

    The insurance major's shareholding in the cement maker had stood at 5.35% at the end of the second quarter of FY22. 

    Ramco Cements was down 2.8 percent at Rs 1,022 apiece on BSE minutes before the closing bell.

  • Tata Steel, SAIL shares slip over 4%, JSW Steel stock down 2% as Jefferies turns cautious on metals stocks

    Metal stocks were trading in the red on Tuesday with the sectoral gauge BSE Metal down over 2 percent during an otherwise positive sentiment in the stock market. Tata Steel, JSW Steel, SAIL and Jindal Steel were among the top laggards in the metal stocks pack on the BSE. Tata Steel stock slipped 4.7 percent to an intraday low of Rs 1,112.85. 

  • Motilal Oswal Financial Services On CNBC-TV18

    We hope the government will build on the Budget. PLI scheme will lead to a significant manufacturing environment in the country. We continue to remain positive on it and are headed towards a capex revival. The real estate space looks promising on capex revival as well.

  • Adani Power appoints Shersingh Khyalia as CEO w.e.f January 11, 2022

  • Multiplex shares rise on hope of COVID cases falling in Mumbai

    Shares of PVR and Inox Leisure, the biggest operators of movie theatres in Mumbai, rose nearly 4 percent and 2 percent, respectively, after a member of the Maharashtra COVID-19 taskforce said that the surge in daily cases in the city was likely flattening.

  • DFAN, SCV form co-investment partnership to invest Rs 100 cr in tech startups

    Digital Futurists Angels Network (DFAN), a global community-backed angel network, on Tuesday said it has formed a co-investing partnership with boutique investment banking firm Solis Capital and Ventures (SCV) to deploy a corpus of Rs 100 crores over the next four years in technology startups. This partnership is aimed to strengthen the startup ecosystem by actively investing in startups along with providing active mentorships, advisory and business development, a statement said.

  • We should be allowed to secure shareholder approval, seek nod from CCI, NCLT: Future Group

    Future Group seeks SC nod to proceed with the Reliance deal. SC reserves the order on allowing Future to proceed with the deal, pending final orders.

  • Sresta Natural Bioproducts files IPO papers

    Private equity company Peepul Capital and venture capital firm VenturEast backed organic food products company Sresta Natural Bioproducts has filed preliminary papers with the capital markets regulator Sebi to raise funds via initial public offering in the coming period.

  • Shriram Transport Finance raises $475 million

    Shriram Transport Finance Company, a part of the Shriram Group, has successfully raised $475 million through fixed-rate senior secured bonds for a 3.5-year tenor at an interest rate of 4.15 percent. This is the seventh successful issuance of dollar bonds by the company since the relaxation in ECB guidelines.

    "The proceeds from the STFC social bond would be used for employment generation, including through micro, small, and medium-sized enterprise (MSME) financing," Shriram Transport Finance said in a statement.

  • Market Watch | Buy Canara Bank, NCC: Shrikant Chouhan, EVP, Kotak Securities

    - Buy Canara Bank with a stop loss of Rs 215 and a target of Rs 235-240

    - Buy NCC with a stop loss of Rs 73 and a target of Rs 90-92

  • Aurobindo Pharma falls over 3%

    Aurobindo Pharma’s arm CuraTeq and Orion expand licensing deal for marketing & distribution of biosimilar pipeline in Baltic States in Europe. Shares were trading 1.74 percent lower at Rs 724.50.

  • Omicron News LIVE Updates

    The Delhi Disaster Management Authority (DDMA) on Tuesday said all private offices in Delhi shall be closed, except those which fall under the exempted category. The DDMA said work from home shall be followed in the wake of a surge in COVID-19 cases.

    Catch all the latest Coronavirus updates with CNBC-TV18’s live blog here.

  • Vodafone Idea shares tumble 20%; here's why

    Shares of Vodafone Idea tumbled as much as 19 percent on Tuesday after today's announcements made by the telecom operator failed to excite the Street. At 1:35 pm, shares of Vodafone Idea were down 17.51 percent at Rs 12.25 on BSE.

  • TCS, Infosys, Wipro, other IT stocks rise ahead of Q3 earnings

    TCS, Infoys and Wipro rose on Tuesday ahead of quarterly earnings announcements by the three IT majors due this week. At 12:45 pm, TCS, Infosys and Wipro shares traded up to half a percent higher. The 10-scrip Nifty IT index was up 0.8 percent, having gained as much as 1.1 percent earlier on Tuesday. All its constituents were in the green. HCL Technologies was up 4.1 percent and Mindtree 0.6 percent. The Q3 results of HCL Tech and Mindtree are due on Thursday and Friday respectively.

  • Marksans Pharma receives final USFDA nod for Cetirizine Hydrochloride Tablets

    Marksans Pharma has received final approval from US Food & Drugs Administration for its Abbreviated New Drug Application (ANDA) for over the counter (OTC) Cetirizine Hydrochloride Tablets 5 mg and 10mg. The product will be marketed under store brand labels and is comparable to the brand Zyrtec.

  • Ultimately, a lot of debt still remains, co can maintain some debt. The merger of Govt-owned telecom companies will be complicated. Investors have been hesitant to put money, says Peter Milliken of Deutsche Bank.

  • Herbicide active ingredients will allow us to diversify our portfolio: Afzal Malkani, Anupam Rasayan

    New order win can aid revenue by Rs 140 crore every yr over the next 5 years. We will get a higher wallet share from customers through this order and we are currently looking at an EBIDTA margin of 25-27 percent for this contract. Herbicide active ingredients will allow us to diversify our portfolio, says Afzal Malkani of Anupam Rasayan. We will continue to grow at more than 30 percent CAGR and can do Rs 1,500 crore revenue from the current capacity. We are expecting to add revenues of Rs 500 crore annually from FY 23-24 onwards, Malkani added.

  • Greaves Cotton surges 10%, Fineotex Chem 8%

  • Buy Tata Chemicals, Navin Fluorine: Ajit Mishra 

    Here are two trading calls from Ajit Mishra of Religare Broking: 

    --Buy Tata Chemicals for a target price of Rs 1,070 with a stop loss at Rs 930 

    --Buy Navin Fluorine for a target of Rs 4,250 with a stop loss at Rs 4,050 

  • Marksans Pharma receives final US regulator's nod for anti-allergic tablets

    Marksans Pharma receives a final nod from the US Food and Drug Administration for over-the-counter cetirizine hydrochloride tablets, used in the treatment of allergic conditions. 

    Marksans Pharma shares were up 3.6 percent at Rs 63.9 apiece on BSE. 

    The product will be marketed under store brand labels and is comparable to the brand Zyrtec, Marksans said in a regulatory filing. 

Stock Market Highlights
: Indian equity benchmarks Sensex and Nifty50 extended gains to a third straight day on Tuesday, led by IT, financial and oil & gas shares. However, losses in metal and consumer stocks limited the upside for both headline indices. Broader markets saw mild gains, with the Nifty Midcap 100 and Smallcap indices finishing 0.1 percent higher each. Fears of an earlier-than-expected rate hike by the Fed to tackle inflation and increasing cases of the Omicron variant of COVID-19 kept investors on the back foot globally.