Homemarket newsstocks news

    Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results

    This article is more than 6 month old.

    Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results

    Mini

    Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 surged around three percent on Tuesday, a day after their worst fall in 10 months triggered by the Russia-Ukraine crisis. Gains across sectors pushed the headline indices higher, with financial, IT and oil & gas shares being the biggest movers. Broader markets also made a comeback, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 2.5 percent and 2.9 percent respectively. HDFC shares rose after CLSA upgraded the stock to 'buy'.

    Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Thank you, readers! That's all from CNBC-TV18.com's live market coverage on February 15, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

      You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

      And on FacebookLinkedInInstagram and Telegram

      Download our mobile app for Android and iOS platforms

    • Nifty should trade above 17,600 within next 2 days: Manish Shah

      Independent technical analyst Manish Shah expects the Nifty to at least cross the 17,600 mark in the next two days. The index has support at its 200-day moving average of 16,811, and is undergoing a very volatile phase within the trading band of 16,800-17,800, he says.

      He says buyers have managed to grab full control of the market.

      Till the Nifty breaks out of the 16,800-17,800 range in either direction, the volatile phase will continue, he says.

      "There is no telling when the Nifty will break out of this trading range. It should see a rally to major resistance at 17,750-17,600... For traders, the weekly expiry this could be a small window of opportunity in the next two days," he adds. 

    • Positive on gold finance cos, in no hurry to buy Manappuram shares: Mehraboon Irani 

      Market expert Mehraboon Irani is positive on gold finance companies. He says he has liked Manappuram Finance and Muthoot Finance for the past 5-7 years. "Muthoot’s Q3 earnings were a bit disappointing and the management for the first time sounded a little defensive. I would give it one more quarter to deliver and if they it comes back, the stock is not expensive at all. Manappuram had made a couple of mistakes in the past and has not yet rectified them. The margins have come down, the AUM has come down, and the stock has been punished... The stock is not expensive but I would not be in a hurry to buy,” he adds. 

    • Bitcoin here to stay in some form or shape: N Jayakumar

      N Jayakumar, MD of Prime Securities, believes Bitcoin is here to stay in "some form or shape". "I haven’t invested (in Bitcoin). I haven't even had the urge to invest in them (cryptos) so that I can be fairly candid," he adds. 

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Froth in new-age business valuations not far from over, many of them great cos: Vikas Khemani

      Vikas Khemani, Founder of Carnelian Capital Advisors, advises caution on new-age companies now. "We wrote a note about this six months ago that this is a fad that would fade away. People are participating out of a FOMO and which is what has happened. There's no way you can - many of them are great companies - justify that kind of valuation," he says. 

      "When sanity prevails, we will see all this getting corrected and I continue to believe that still there is froth, which is not far from over. I'm glad that some amount of this was already getting cleared so at least the new round of companies when they go public, people will be more cautious, more careful. Right now, the extent of damage is very limited; it could be far more lethal. One has to be very careful," he adds. 

    • Market At Close | Sensex, Nifty50 recover previous day’s losses as Russia-Ukraine tensions ease

      Here are some highlights:

      --Sharp recovery in 2nd half of day helps headline indices finish day near intraday highs

      --Nifty Bank up 1,262 points at 38,170 

      --Midcap index up 817 points at 29,375

      --All sectoral indices in green

      --Volatility index falls 10 percent

      --Economy-facing shares (such as banking, cement, capital goods) see major intraday recovery

      --Positive commentary on demand leads to gain in auto stocks

      --Auto stocks Bajaj Auto, TVS, Maruti Suzuki, Eicher, Tata Motors gain 3-7 percent

      --Weak Q3 leads to fall of 11 percent in Manappuram Finance

      --Metropolis continues to fall, down 20 percent in two sessions

      --NMDC falls 2 percent after sharp fall in SGX iron ore prices 

      --BSE-listed companies regain nearly 80 percent of mcap lost on Monday; mcap up Rs 6.5 lakh crore on Tuesday

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

    • SEBI | Separation of role of chairperson and MD/CEO made voluntary

      Listed companies could decide if they wanted to have separate roles for Chairperson and Managing Director/CEO, according to market regulator SEBI. 

      That is because just about 54 percent of the companies have complied with the SEBI directive to separate the roles by April 1, 2022. (Read more)

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Rupee ends higher at 75.33 vs US dollar

      The rupee settles at 75.33 against the greenback. On Friday, it had settled at 75.61.

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Market At Close | Tata Motors, Bajaj Finance, Eicher, Shree Cement, Hero MotoCorp top blue-chip gainers

      Bajaj Finserv, SBI, Wipro, Titan and Larsen & Toubro also among the gainers. Two stocks in the Nifty50 pack in the red: Cipla and ONGC. 

      Here's how the 30-scrip basket fared:

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Market At Close | Sensex up 1,736 points at 58,142, Nifty50 reclaims 17,350

      Both Sensex and Nifty50 finish the day around three percent higher. The 30-scrip index gains 1,736.2 points to end at 58,142.1 and the broader Nifty50 benchmark settles at 17,352.5, up 509.7 points from its previous close.

      All sectors well in the green. Financial, IT and oil & gas shares top contributors to the surge in headline indices. (Read more on the closing bell)

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Closing Bell: Sensex, Nifty end 3% higher led by rally in auto, IT; Metals shine

      Benchmark indices recouped all the losses incurred yesterday, and were back in the green for the year, as reports of withdrawal of Russian troops from Ukranian border soothed investor's nerves. At close, the Sensex was up 1,736.21 points or 3.08% at 58,142.05, and the Nifty was up 509.70 points or 3.03% at 17,352.50. About 1996 shares have advanced, 1286 shares declined, and 90 shares are unchanged.

    • EV launch plan on track; SUV segment remains a concern for co: Maruti Suzuki

      In an interview with CNBC-TV18, Shashank Srivastava, ED-Marketing & Sales, Maruti Suzuki, said that the company is sticking to its 2025 timeline for launching an electric vehicle (EV). "We have our own plans for EVs, which I can't really discuss it here. However, I must say that we have made an announcement that we should come out with an EV before 2025," he said.

    • BSE Midcap index adds 2 percent supported by the Zee Entertainment Enterprises, LIC Housing Finance, Jubilant FoodWorks

    • BSE Smallcap index added 2 percent led by the Sree Rayalaseema Hi-Strength, GMDC, Tanla Platforms

    • LKP Securities ties up with HDFC Bank Ltd to launch 3-in-1 account

      LKP Securities Ltd has entered into an arrangement with HDFC Bank Ltd to offer a special 3-in-1 online account. Under this facility, customers of LKP Securities Ltd can complete their bank account opening formalities and gain added benefits of broking and demat account. The 3-in-1 account offers a host of benefits including no annual maintenance charges (AMC) for one year from the trading account opening date and waiver on brokerage charges of up to Rs 500 for one month from the date of demat account opening. The demat and trading accounts also provide the facility to trade in other segments like commodities and currency.

    • Gold near 8-month high as Russia-Ukraine tensions boost appeal

      Gold prices were steady near an eight-month high on Tuesday, as heightened tensions between Russia and the West over Ukraine prompted investors to shun riskier assets and opt for safe-haven bullion. Spot gold was steady at $1,869.46 per ounce by 0812 GMT, after hitting its highest level since June 11 at $1,879.48 earlier. U.S. gold futures rose 0.5% to $1,878.00.

    • Bond yields down 5 basis points

      The government 10-year bond yield fell nearly 5 basis points on Tuesday as, according to analysts, rate hike by the Reserve Bank of India might be delayed in the face of weak factory data and higher inflation. This was the seventh consecutive session when the bond yields fell. The RBI on Monday cancelled its forthcoming weekly auction for the second straight week on the back of comfortable cash balances and improved sentiments.

    • Zomato slips below issue price, Paytm shares hit fresh low; what’s pulling new-age stocks down

      The shares of new-age companies including Paytm and Zomato declined to fresh lows on Tuesday even as the overall market sentiment remained positive. CarTrade and Fino Payments Bank’s stocks also traded lower. Nykaa and PB Fintech were among those in the green territory.

    • Q3 results | SpiceJet net profit at Rs 42.5 crore, revenue up 34%

      SpiceJet has posted a consolidated net profit at Rs 42.5 crore versus a loss of Rs 66.7 crore and consolidated revenue was up 33.8 percent at Rs 2,263 crore versus Rs 1,692 crore, YoY. The profit included a one-time loss at Rs 77.4 crore.

      EBITDA was down 52.4 percent at Rs 116.4 crore versus Rs 244.3 crore and margin was at 5.1 per cent versus 14.4 percent, YoY. SpiceJet has touched a 52-week low of Rs 56.25 and was quoting at Rs 63.55, up Rs 4.30, or 7.26 percent on the BSE.

    • Q3 Results | Religare Enterprises Q3 net sales rises 35% at Rs 826.94 crore

      Religare Enterprises consolidated net sales at Rs 826.94 crore in December 2021 up 34.99 percent from Rs. 612.58 crore in December 2020. Quarterly net loss at Rs. 249.64 crore in December 2021 down 120.04 percent from Rs. 113.45 crore in December 2020. EBITDA stands negative at Rs. 39.95 crore in December 2021 down 150.11 percent from Rs. 79.72 crore in December 2020.

    • January trade data: Export rises 37% YoY, Imports up 30% YoY

      Exports up 36.7 percent at $61.4 billion against $44.9 billion (YoY). Imports up 30.5 percent at $67.8 billion against $51.9 billion (YoY). Trade deficit at $6.35 billion against $7 billion (YoY).

    • CNBC-TV18 Exclusive: Indian equities are still in a long-term bull market: Mark Mobius

      In an exclusive interaction with CNBC-TV18, the Founder of Mobius Capital Partners Mark Mobius said that the growth prospects continue to look up here in India as Indian equities are still in a long-term bull market. He also said that a fall in the cryptocurrency market will lead to an improvement in equity. He believes that the Russia-Ukraine crisis is a side-show to the international rate scenario. Mobius also said that he believes US Fed is behind the curve when it comes to rate hikes. “Fed hiking interest rates is the main factor to track for equity markets. I believe rate hikes by the US Fed haven't been priced in yet,” he added.

    • Banks, FMCG cos won't deliver strong compounding growth: Shankar Sharma

      Market veteran Shankar Sharma in a conversation with CNBC-TV18 said that he believes the headline markets in India have been narrating a tale about weakness. On sectors, he said that banks and FMCG companies are not going to deliver strong compounding growth. (Read more here)

    • '800-pound gorilla' LIC's IPO won't drain out market liquidity directly from small investors: Shankar Sharma

      Market veteran Shankar Sharma is of the view the upcoming mega IPO of Life Insurance Corporation (LIC) will drain out market liquidity but not directly from small investors. His remarks come at a time when LIC is gearing up to launch an initial share sale to raise an estimated Rs 63,000 crore for the government. The proposed LIC IPO is likely to hit the Street in March. (Read here for more)

    • Macleod Pharma files papers for IPO with Sebi, likely to be one of the biggest in sector

      In what is likely to be one of the biggest pharma IPOs in recent times, Mumbai-based Macleod Pharmaceuticals has filed draft papers with Sebi to list on the domestic bourses, according to Moneycontrol. The Rs 6,480-crore IPO of Gland Pharma, which was launched in November 2020, holds the record for the biggest-ever offering in the domestic pharma segment. 

    • Zomato slides below issue price for 1st time since listing

      Zomato Ltd slid below its issue price for the first time since listing on Tuesday. The stock hit a low of Rs 75.75 on BSE, down 8 percent from its issue price. The share has been down for four consecutive sessions falling around 20 percent in this period. The stock was listed on 23 July 2021 and its issue price was Rs 76. So far this year it is down 45 percent.

    • Gold may remain volatile this week: ShareIndia's Ravi Singh

      Ravi Singh-Vice President and Head of Research at ShareIndia, expects volatility in the yellow metal to continue this week. 

      Traders and investors are showing keener risk aversion to start the trading week... Uncertainty on the Russia-Ukraine matter is likely to continue to run high. 

      He sees a buy zone for gold futures near Rs 49,650 for a target of Rs 50,000, and a sell zone below Rs 49,500 for a target of Rs 49,300. 

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

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • Trade Data | Exports up 36.7% in January, imports up 30.5%; trade deficit narrows to $6.35 billion 

        January 2022 January 2021 Change YoY (%)
      Exports 61.4 44.9 36.7
      Imports 67.8 51.9 30.5
      Trade deficit 6.35 7 -9.3
      *Figures in billion dollars  
    • DB Corp increases ad rates by 20% on MY FM across key markets

      DB Corp shares rise as much as 4.7 percent to Rs 90.9 after the news. 

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    • India in early cycle inflation stage, does not need to take aggressive rate hikes for now: Morgan Stanley's Chetan Ahya

      Stock Market Highlights: Sensex ends 1,736 pts higher, Nifty reclaims 17,350 as market rebounds; SpiceJet soars 8% after Q3 results
    Stock Market Highlights
    : Indian equity benchmarks Sensex and Nifty50 surged around three percent on Tuesday, a day after their worst fall in 10 months triggered by the Russia-Ukraine crisis. Gains across sectors pushed the headline indices higher, with financial, IT and oil & gas shares being the biggest movers. Broader markets also made a comeback, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 2.5 percent and 2.9 percent respectively. HDFC shares rose after CLSA upgraded the stock to 'buy'.

      Market Movers

      View All
      CompanyPriceChng%Chng