Thank you, readers! That's all from CNBCTV18.com's live market coverage on March 25, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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Market This Week | Sensex, Nifty50 finish week lower after 2 straight weekly gains
Here are some highlights:
--Sensex, Nifty fall 0.6 percent
--Nifty Bank down 2.4 percent
--Financial stocks biggest drag on headline indices
--Nifty FMCG falls most among sectoral indices
--34 Nifty stocks take weekly cuts; Britannia, HUL, Titan top losers
--Hindalco, Dr Reddy’s, Coal India, JSW, UPL top Nifty gainers
--Midcap index up 1 percent
Earnings situation to get clearer in 2-3 quarters: Trideep Bhattacharya
Trideep Bhattacharya, CIO-Equities of Edelweiss MF, expects the first half of the calendar year to be fairly volatile on an overall basis. "Till June, July or August, we always expected the market to be volatile; it is proving to be that way," he says.
He is of the view that things will get clearer on the earnings front in the next 2-3 quarters.
No triggers for market to go up in a hurry: Neeraj Deewan
Quantum Securities Director Neeraj Deewan believes rangebound action may continue in the market. He doesn't see any triggers for the market to really go up in a hurry.
"You get a lot of mid cap stocks that have corrected and are available at reasonable valuations. If one is investing now, you have to keep at least one to one and a half year's perspective in mind, because there's a good possibility that crude will stay at higher levels... The way inflation is going up, if our the RBI, or even the US Fed, continues with the fight against inflation, you may not get those kind of inflows in a hurry," he says.
Committed to NBFCs: Prakash Diwan
Market expert Prakash Diwan says he is committed to the NBFC basket, but feels that HFCs probably stand a better chance going forward in terms of resilience than gold finance companies. "It is more of intra-sector rotation from a theme perspective, but nothing really alarming. I haven’t come across anything which is very upsetting," he says.
Market At Close | Sensex, Nifty50 off day's lows helped by financial stocks
Here are some highlights:
--Axis Bank, IndusInd, Kotak Bank, HDFC Bank, SBI see major recovery
--Reliance Industries continues to support Nifty, hits 5-month high
--Atul rises over 5 percent from day's low after Rs 70 crore buyback announcement
--Adani Group stocks recover; Adani Ports, Adani Enterprises up 2 percent from lows
--Indus Towers slip more than 5 percent after Bharti Airtel’s analyst meet
--Titan top Nifty loser ahead of quarterly update next week, stock down 4 percent
--Tech Mahindra, Maruti, Cipla, Indian Oil, Nestle top Nifty losers
--Bajaj Auto, Adani Ports, JSW Steel, SBI top Nifty gainers
--Concor top midcap gainer, up 11 percent
--IndiGo, Indian Hotels, Godrej Properties, L&T Finance top midcap gainers
--Astral, GNFC, Escorts, Muthoot Finance top midcap losers
--Market breadth favours bears; advance-decline ratio at 1:2
Market Watch: Aman Chowhan Fund Manager Abakkus Asset Management on Metals
“Metal sector still has legs to move on because in the last 3-6 months the kind of cash flows these companies have generated, that is going to dramatically change the balance sheet. So from hereon even if the earnings remain flat, just by the interest cost savings and better working capital management, these companies can still report positive earnings growth. So there is still steam left in these names to be invested.”
Market Watch | Prakash Diwan, Market Expert on Titan
The stock has the advantage of a very well defined well in place, kind of a customer segment. The product mix that they have been reporting now alone has been fairly encouraging. They have gone beyond jewellery and watches and other things also have started contributing though of course, it's not so significant. At that 85-90 times multiple, I mentioned that this is price to perfection, I mean, any weakness and demand, any slowdown, any secular downtrend, in terms of consumption as a theme, could impact the stock and that's when you would have to buy. Asian Paints, Titan these are leaders who always give you opportunities to enter at reasonable valuations and not at the top of the band. So, I would wait for those levels to arrive at some point. You don't know when that happens, because structurally, everything is well priced. But if something were to give you that opportunity to buy at lower valuation, then you definitely stand a chance because the organic growth path for Titan even in terms of market share gains has been phenomenal. So I would be a buyer but at lower valuations.
Closing Bell: Sensex falls 233 points, Nifty at 17,153; IT, FMCG top losers
Both headline indices finish the day down 0.4 percent. The Sensex sheds 233.5 points to settle at 57,362.2, retreating 483.2 points from the day's high. The Nifty50 ends at 17,153, down 69.8 points from its previous close. (Read more on the closing bell)
Ruchi Soya FPO subscribed 29% on Day 2 of bidding so far
The follow-on public offer (FPO) of Patanjali Ayurved-backed Ruchi Soya Industries had received bids for 1.39 crore equity shares against an offer size of 4.89 crore shares, a 29 percent subscription by the afternoon of March 25, the second day of bidding.