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    Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%

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    Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%

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    Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 failed to stay positive in a choppy session on Thursday amid a mixed trend in global markets, after Fed minutes showed policymakers are in favour of faster rate hikes to tame inflation. Investors globally remained cautious on news updates on the Ukraine-Russia conflict. Losses in financial, pharma and metal shares pulled the headline indices lower though gains oil & gas shares lent support. Broader markets weakened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.3 percent and one percent respectively.  

    Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Thank you, readers! That's all from CNBC-TV18.com's live market coverage on February 17, 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 conflict

    • Rupee ends lower at 75.11 vs US dollar

      The rupee closes at 75.11 against the greenback. On Wednesday, it had settled at 75.07.

      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Market At Close | Financial stocks drag Sensex, Nifty50 below flatline; Russia-Ukraine updates in focus

      Here are some highlights: 

      --All Nifty Bank constituents in the red; ICICI Bank, HDFC Bank, Axis Bank top losers

      --Benchmarks outperform relatively; RIL, HDFC major supports to Nifty

      --ICICI Bank, HDFC Bank, Axis Bank drag Nifty by 39 points

      --Nestle down after in-line set of earnings for December quarter

      --ONGC rises 2 percent after rebound in crude; Brent back above $94/barrel

      --Capital good stocks see healthy gains on positive brokerage note; Siemens up over 2%

      --Shriram Transport, Navin Fluorine, ICICI Pru, Cummins, Page Industries top midcap gainers

      --NMDC, Nalco, Muthoot Finance, Alembic, Bharat Forge top midcap losers

      --Market breadth favours bears; NSE advance-decline ratio at 1:2

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

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

      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Tata Consumer, HDFC, ONGC top blue-chip gainers

      On the other hand, ICICI Bank, Axis Bank and UltraTech the worst hit among the 33 laggards in the Nifty50 pack. 

      How the 30-scrip basket fared:

      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Closing Bell: Sensex, Nifty fail to hold on to day's gains; Nifty Bank falls 1%

      The Sensex down 104.7 points or 0.2 percent at at 57,892 and the Nifty50 at 17,304.6, down 17.6 points or 0.1 percent from its previous close. (Read more on the closing bell)

    • Adani Wilmar shares extend losses to 2nd day, sink over 4%

      The shares of the newly-listed Adani Wilmar extended losses to the second straight day on Thursday. Adani Wilmar's share price slipped 4.3 percent to an intraday low of Rs 360.60 on the BSE.

    • Nestle shares fall after FMCG major's Q4 profit, revenue misses Street estimates

      Nestle India shares slid into negative territory on Thursday after the FMCG major reported its quarterly net profit and revenue fell short of Street estimates. The Nestle stock dropped as much as 1.5 percent to Rs 17,969.3 on BSE after the earnings announcement, having stayed in the green for much of the session earlier in the day.

    • Kaustubh Pawaskar, Sharekhan on Nestle Q4 numbers

      “I think numbers are better on margin front, revenues came largely in line with what we and street were anticipating at around Rs 3740 crore odd, but the important part is operating margins, which came at around 23 percent I think street was anticipating at around 21-21.5 percent. So at operating profit level, the numbers were quite good, and there was a onetime exceptional hit but if you exclude that Rs 623 crore of PAT, I think it was better than what we were anticipating,” said Kaustubh Pawaskar of Sharekhan.

      The company reported an overall decent set of numbers in the current environment. He added that Nestle is less impacted because of the rural slowdown or the even the raw material or input cost inflation. Nestle is better poised as compared to other FMCG companies, he said.

      “So, I think things would come back on track and also we need to consider that out of home categories this quarter has seen good bit of recovery. So, I think that would continue and which will help Nestle to achieve consistent kind of top line growth in the coming quarters,” Pawaskar explained.

      We have a target price of Rs 22,395 and he believes the stock has corrected from its highs and any correction in quality stock like Nestle, is a good entry point. So Pawaskar believes that whenever there is a healthy correction in stocks like Nestle, I think it is a good opportunity to enter into the stock.

    • Murudeshwar Ceramics shares zoom 14%

      Promoter stake rises by 5 percent after conversion of warrants into equities. With this, shares of Murudeshwar Ceramics gain 14 percent.

    • From Tata Motors to Bajaj Auto and TVS Motors, here are top stocks to benefit from electric vehicle boom
      At the recently concluded COP26, India vowed to decrease its carbon emissions to zero by the year 2070. According to recent research by Accelerated e-Mobility Revolution for India’s Transportation (e…
      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Expect pre-owned vehicle segment to drive growth; eyeing acquisitions: M&M Financial Services
      Ramesh Iyer, Vice Chairman and Managing Director, Mahindra & Mahindra Financial Services, believes disbursal growth will not be a challenge for the company. Iyer expects disbursals in Q4 to be better…
      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Advani Hotels soars 20% after Radhakishan S Damani raises stake

      Shares of Advani Hotels & Resorts India soared 20 percent on Thursday after ace investor Radhakishan S Damani and his family increased their stake in the firm. In intraday, the stock hit a high of Rs 97.80 on BSE. 

    • From Tata Motors to Bajaj Auto to TVS Motors, top stocks to benefit from EV boom

      --Tata Motors enjoys 90 percent market share in the EV passenger segment. Its highest-selling EV in India: Tata Nexon. Tata Motors EV sales are up six times in the last 12 months. 

      --Bajaj Auto has invested Rs 300 crore in an EV plant in Pune that will have a production capacity of 5,00,000 units a year by June 2022. (Find out which other companies are on the list and why)

    • Market Watch | George Heber Joseph, CEO & CIO at ITI Mutual Fund on consumer discretionary space

      “Consumer centric businesses got related massively in the last 10 years. We believe that infrastructure is going to come back in a big way and the signs of that are pretty much there and we are extremely bullish on the infrastructure theme to play for the decade,” said George Heber Joseph, CEO & CIO at ITI Mutual Fund.

      He thinks that the government capex has already picked up now, private capex also will follow suit.

      “If you look at the government budgets also is pretty much aligned to this particular theme. And we are quite bullish on the capex cycle story. This is the time to ditch the consumer theme, some of the discretionary plays we like but consumer staples is pretty much we are underweight heavily and we think that they are going to underperform massively, mainly because of the fact that they are extremely overvalued. They are at the peak margins and the growth rates also have peaked out. So we feel that there is significant room for disappointment in this particular sector. We are more bullish on the discretionary space here and also on the capex theme,” Joseph said.

    • Market Watch | George Heber Joseph, CEO & CIO at ITI Mutual Fund on energy space

      Reducing carbon and increasing green energy is the way forward, that is pretty much clear. These themes are pretty much interesting to look at, there are companies in that space which are looking to invest huge amounts of money, and which has already been announced by some of the large players in the industry, said George Heber Joseph, CEO & CIO at ITI Mutual Fund.

      The green policy, whatever government is putting it out, I think it will create a clear corridor for people to invest and make money in that sector, he said.

      “Large themes like this - when you talk about EV, or your new talk about green energy, or ESG, these are all big themes, which is working globally and going against that theme is not a good idea. Obviously, these are all linked to certain government policies and practices, which we have to keep in mind, for we are quite positive on this theme,” Joseph added.

    • Market Watch | George Heber Joseph, CEO & CIO at ITI Mutual Fund on consumer durable space

      The sector in general has been going through a tough time, because of the post-COVID-19 scenario, where people are sitting at home or most of the consumer durable outlets are not functioning in the way it should be functioning, said George Heber Joseph, CEO & CIO at ITI Mutual Fund.

      “So we are, in general, very positive on the sector, from the perspective that it is connected to the demography of the country, and it is very nice sector to invest in. But the way the sector fundamentals have been deteriorated in the last couple of years, it is really concerning at this point in time,” he said.

    • Need to be selective in EV space, bullish on consumer durables: Kotak Mahindra AMC's Pankaj Tibrewal

      Pankaj Tibrewal, Senior Executive Vice President and Fund Manager-Equity at Kotak Mahindra AMC, believes there’s a need to be selective about stocks in the EV space. The EV theme has just started both in India and around the world, and a lot of companies are currently going through the transition. He also likes auto ancillaries that benefit from this space. 

      His advice: One needs to be selective in stocks now.

      "Our preference to this sector is more towards auto ancillaries that are agnostic to any engine, whether internal combustion engine (ICE) or electric, and we are positioning our portfolio accordingly,” he adds. (Read more)

    • Russia announces new military withdrawal from annexed Crimea: AFP 

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

    • Buy BSE, Tata Consumer: Himanshu Gupta

      Himanshu Gupta of Globe Capital shares two stock recommendations: 

      --Buy BSE for a target of Rs 2,400 with a stop loss at Rs 2,270 

      --Buy Tata Consumer for a target of Rs 740 with a stop loss at Rs 708 

    • Oil could test $90/barrel again, rupee to remain volatile: Rahul Kalantri

      Rahul Kalantri, VP Commodities at Mehta Equities, believes crude oil prices could give a knee-jerk reaction on progress on the Iran-US nuclear deal front. It can test the $90 per barrel level again, he says.

      Crude oil has support at $92-90 and resistance at $94.8-96 for today's session (support at Rs 6,921-6,794 and resistance at Rs 7,153–7,258), he says. 

      He expects the USD-rupee pair to remain volatile during the day, and hold the support level of 74.95 on a closing basis. He sees the range of 74.95-75.45 for today's session.

    • Bharti Airtel up 0.2%, Vodafone Idea down 0.7%

      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    • Telecom Data | India total subscriber loss at 1.28 crore in December 

      Data from telecom regulator TRAI shows total subscriber loss in India at 1.28 crore in December, as against an addition of 11.99 lakh in the previous month. 

      --Reliance Jio loses 1.29 crore subscribers in December vs addition of 20.19 lakh in the previous month 

      --Bharti Airtel adds 4.75 lakh subscribers in December vs addition of 13.80 lakh in the previous month

      --Vodafone Idea loses 16.14 lakh subscribers in December vs loss of 18.97 lakh subscribers in the previous month

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

    • Nifty FMCG up 0.2%; Nestle flat

      Index Change (%)
      TATACONSUM 2.6
      PGHH 1.2
      MARICO 0.9
      MCDOWELL-N 0.6
      GODREJCP 0.5
      VBL 0.3
      HINDUNILVR 0.3
      BRITANNIA 0.2
      NESTLEIND 0.0
      EMAMILTD -0.3
      ITC -0.3
      DABUR -0.5
      UBL -0.7
      COLPAL -0.8
      RADICO -0.9
    • Q4 Results | Nestle EBITDA up 11% at Rs 865.7 crore, beats Street estimates

      Analysts in a CNBC-TV18 poll had estimated the company's EBITDA at Rs 850 crore. 

      The company sees a one-time loss of Rs 236.5 crore in the December quarter. 

      Its EBITDA margin improves to 23.1 percent in the October-December period from 22.6 percent in the corresponding period a year ago. Analysts had estimated Nestle's Q4 EBITDA margin at 22.4 percent. 

    • Nestle shares fall 1.5% after earnings announcement

      Nestle shares fall as much as 1.5 percent after the earnings announcement. The stock, however, recovers most of those losses.

      At 12:20 pm, the Nestle stock down 0.3 percent at Rs 18,192.2.

    • Results Q4 | Nestle India profit down 20%, misses Street estimates

      Nestle India net profit at Rs 386.6 crore for the October-December period, down 20 percent on a year-on-year basis.Its quarterly revenue increases 8.9 percent on year to Rs 3,739.3 crore.

      Analysts in a CNBC-TV18 poll had estimated the company's net profit at Rs 545 crore and revenue at Rs 3,800 crore. (Read more on Nestle earnings)

    • Buy Eicher, Adani Ports, Titan: Ashish Chaturmohta

      Ashish Chaturmohta, Director-Research at Sanctum Wealth Management, shares three stock recommendations: 

      --Buy Titan for a short-term target of Rs 2,560-2,570 and a stop loss at Rs 2,460

      --Buy Rs 775-790 for a stop loss at Rs 725

      --Buy Eicher for a short-term target of Rs 2,780 with a stop loss at Rs 2,670

    • Buy Reliance Industries, ONGC: Mitessh Thakkar 

      Here are two stock recommendations from Mitessh Thakkar of earningwaves.com: 

      --Buy Reliance Industries for a target of Rs 2,500 with a stop loss at Rs 2,420 

      --Buy ONGC for a target of Rs 180 with a stop loss at Rs 170 

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

    • Investors cannot miss Tata Steel, SAIL, Hindalco: Sanjiv Bhasin

      Sanjiv Bhasin, Director at IIFL Securities, believes investors cannot miss opportunities such as Tata Steel, SAIL and Hindalco. 

    • M&M Financial expects gross NPAs to decline to 8.5-9% in Q4 from 11.3% in Q3

      M&M Financial Services down 0.4 percent at Rs 161.7, having declined as much as 1.4 percent earlier in the day. 

      Stock Market Highlights: Sensex ends 105 pts lower, Nifty at 17,305; Nifty Bank down 1%
    Stock Market Highlights
    : Indian equity benchmarks Sensex and Nifty50 failed to stay positive in a choppy session on Thursday amid a mixed trend in global markets, after Fed minutes showed policymakers are in favour of faster rate hikes to tame inflation. Investors globally remained cautious on news updates on the Ukraine-Russia conflict. Losses in financial, pharma and metal shares pulled the headline indices lower though gains oil & gas shares lent support. Broader markets weakened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.3 percent and one percent respectively.

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