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Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost

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Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 continued to rise for a second straight day on Thursday led by gains across IT stocks and heavyweights Reliance Industries, Infosys and the HDFC twins. Broader markets also strengthened, with the Nifty Midcap 100 rising 1.1 percent and its smallcap counterpart 1.6 percent. HCL Tech shares rose 0.9 percent as investors awaited the company's financial results. Globally, news flow on the Russia-Ukraine war and rising COVID infections in parts of the world remained on investors' radar.

Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Thank you, readers! That's all from CNBCTV18.com's live market coverage on April 21, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    Catch latest from CNBCTV18.com's coverage of Russia-Ukraine war

  • Remain bullish on Bharti AirtelAmbareesh Baliga 

    Market expert Ambareesh Baliga remains bullish on the telecom space, especially Bharti Airtel. He expects the company's average revenue per user (ARPU) rising going forward. "Even the CEO had mentioned that the ARPU should move up to levels of about Rs 200. They are looking at nearly Rs 300 in the slightly longer term. With every one rupee rise, the sort of addition to bottom-line is humongous for these telecom companies. Any sort of a correction clearly is the opportunity to buy into Bharti Airtel," he says. 

    "Although I have also been positive on Vodafone, but then the effect of the telecom growth will actually be seen more on Bharti as compared to Vodafone," he adds. 

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Eicher, Coal India, M&M, Adani Ports, Kotak Mahindra Bank top blue-chip gainers

    Maruti Suzuki, Reliance Industries, Bajaj Finserv, HDFC and Asian Paints are also among the top gainers. 

    Only eight Nifty50 stocks finish the day below the flatline: Cipla, Hindalco, ONGC, Bajaj Auto, Tata Steel, Nestle, JSW Steel and Bharti Airtel. 

    Here's what the 30-scrip basket looks like: 

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Rupee closes higher at 76.15 vs US dollar

    The rupee finishes the day at 76.15 against the greenback. On Wednesday, it had settled at 76.21.

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Market At Close | Reliance Industries, IT, HDFC twin stocks lift Sensex, Nifty50

    Here are some highlights:

    --Except media, all sectoral indices rise; Nifty Auto top gainer

    --Reliance rises over three percent to record high

    --HDFC Bank surges after 0.2 percent equity changes hands in block deals

    --Commodity stocks fall; Hindalco, Tata Steel, JSW top losers

    --Coal India continues to gain momentum on rising demand for coal

    --Auto stocks in demand; Eicher rises five percent, Maruti, M&M 2-3 percent

    --JSPL top midcap loser after reports of ED search at co’s premises

    --Tata Communications falls two percent ahead of Jan-Mar earnings

    --Nestle edges lower amid volatility after quarterly earnings announcement

    --Market breadth favours bulls; advance-decline ratio at 5:2

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Positive on auto sector, logistics space fairly interesting: Kotak Mahindra AMC's Shibani Sircar Kurian 

    Shibani Sircar Kurian, Senior Executive VP and Head-Equiry Research at Kotak Mahindra AMC, is positive on the auto sector and finds logistics to be a fairly interesting space at the current juncture. 

    The auto sector, in his view, has seen a pretty long-term challenge where growth has been a concern. "We were starting to see improvement but then the Ukraine crisis hit us and the supply chain disruptions will possibly get prolonged. But when you look at the passenger vehicle segment, we do believe that at current level, demand seems to be recovering fairly well, inventory levels in the system are low and therefore as the supply chain concerns start to ease over a few quarters, we believe that valuations in this space are fairly attractive. Overall, from an auto sector-specific positioning, we are more positive on the passenger vehicles space over the two-wheeler space," he says. 

    He is of the view that there are not many companies to own in the logistics space. However, he given the current environment, some of these companies are very well placed, he says. "We will have to watch out for valuations in each of these names. We do expect that overall growth trajectory for some of these names would remain fairly intact and buoyant. So as an industry we are fairly positive on the logistics space but we do have some stock-specific exposures in our portfolios,” he adds. 

  • Here's what the BFSI basket looks like in the final minutes of trade

    Stock Change (%) Price
    BANDHANBNK 4.9 339
    KOTAKBANK 2.8 1,769.2
    IDFCFIRSTB 2 40.9
    INDUSINDBK 1.9 990.8
    HDFCBANK 1.6 1,376
    SBIN 1.4 516.6
    AUBANK 1.4 1,440.5
    BANKBARODA 1.4 114.2
    AXISBANK 1.1 803.5
    ICICIBANK 0.9 762.4
    PNB 0.7 36
    FEDERALBNK 0.5 96.6
  • JSPL tanks as Enforcement Directorate conducts search operations at 2 of co's locations

    Jindal Steel & Power Ltd (JSPL) shares plunged as much as 5.9 percent to Rs 523.7 apiece on BSE. The Enforcement Directorate (ED) is conducting search operations at two of the company's locations in Delhi and Gurugram, people in the know told CNBC-TV18. ED sources have indicated that they are investigating FEMA (foreign exchange management act) violations by the company.

    A response on this is awaited from the company. (Read more)

  • Spike in wheat prices unlikely on record production, Govt doesn’t foresee a wheat shortage, Govt officials tell CNBC-TV18

  • Tata Elxsi shares jump after co reports 39% rise in Jan-Mar profit

    Tata Elxsi shares rise as much as 4.9 percent to Rs 8,191 apiece on BSE.

    On Wednesday, Tata Elxsi reported a 39 percent year-on-year increase in net profit to Rs 160 crore for the January-March period. Its revenue increased 31.5 percent to Rs 682 crore backed by strong double-digit growth in transportation, media and communications, and healthcare segments. 

  • Campus Activewear sets IPO price band at Rs 278-292 per share

    Athleisure footwear company Campus Activewear on Thursday fixed a price band of Rs 278-292 a share for its Rs 1,400-crore initial public offering (IPO). The three-day initial share sale will open for public subscription from April 26 and the bidding for anchor investors will open on April 25, according to the company. The IPO is entirely an offer for sale (OFS) of 4,79,50,000 equity shares by promoters and existing shareholders.

  • Auto stocks surge, Eicher Motors over 3% off lows, trading near day's high

  • Large Trade | Rs 1,569-crore HDFC Bank shares change hands

    HDFC Bank shares worth Rs 1,569 crore, representing 0.2 percent of the company's equity, change hands.

    The stock rises as much as 1.6 percent to Rs 1,377 apiece on BSE.

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Putin says getting control over Mariupol a success: Reuters 

    Catch latest from CNBCTV18.com's coverage of Russia-Ukraine war

  • Why Saurabh Mukherjea likes HDFC Bank

    Saurabh Mukherjea, Founder at Marcellus Investment Managers, says in an interview to CNBC-TV18 that HDFC Bank's delivery over the past three, five, 10 or even 20 years has been "in a different league to any other bank. You cannot see any other bank blazing away like this, both sides of the balance sheet, superb asset quality control, great RoEs... Nobody else compares." 

    "We have to back companies that have delivered decade after decade in a stellar fashion; it's really important to understand that," says the market guru. "We are not having a punt in the stock market staring at stock prices, following which broker is saying what, what FIIs are doing and what DIIs are doing, we're managing the life savings of 9,000 families."

    "Therefore, it's not a speculative punt that we have to get. We're here to back great franchises, which can compound our clients’ money at 20-25 percent over long periods of time, and give Indian families a good retirement. That's our job. Our job is not to say whether ICICI Bank or Axis Bank or anybody else is better or worse. If somebody else wants to have a sort of speculative comparison, I'm happy to engage in that debate but that's not my job in terms of managing money for Indian families," he adds. 

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Buy Hindustan Unilever, Havells: Mitessh Thakkar

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

    --Buy Havells for a target of Rs 1,340 with a stop loss at Rs 1,300 

    --Buy HUL for a target of Rs 2,225 with a stop loss at Rs 2,178 

    Jay Thakkar, Marwadi Shares & Finance

    --Buy Maruti Suzuki India for a target of Rs 8,200 with a stop loss at Rs 7,720 

    --Buy Adani Ports for a target of Rs 885-910 with a stop loss at Rs 825 

    Himanshu Gupta, Globe Capital

    --Buy Adani Port for a target of Rs 880-900 with a stop loss at Rs 838 

    --Buy Bandhan Bank for a target of Rs 350-360 with a stop loss at Rs 326 

  • Maruti Suzuki shares up 2%

    Maruti Suzuki shares rise as much as 2.2 percent to Rs 7,835.5 apiece on BSE. 

  • Maruti Suzuki launches all new XL-6 at a starting price of Rs 11.29 lakh

  • Buy Hindustan Petroleum Rs 300 strike call option, target Rs 10: Shubham Agarwal

    Shubham Agarwal, CEO and Head-Research at Quantsapp Advisory, shares three trading calls: 

    --Buy HPCL Rs 300 strike call option for a target of Rs 10 with a stop loss at Rs 4

    --Buy Maruti Rs 7,800 strike call option for a target of Rs 150 with a stop loss at Rs 65

    --Sell IRCTCshares for a target of Rs 695 with a stop loss at Rs 760

  • Exclusive | Sources Say LIC may launch IPO soon, decision this week

    Preparations are on to launch the proposed LIC IPO next week if nod in place, sources tell CNBC-TV18. The size of the IPO may be close to Rs 30,000 crore, they add. 

    LIC was yet to respond to CNBC-TV18's query on the news.

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Nifty50 holds much of day's gain after testing 17,350

    The Nifty50 is up 191.9 points or 1.1 percent at 17,328.5, having risen to as high as 17,350.7 earlier in the day. 

    Period (No. of days) Simple moving average
    5 17,216.3
    10 17,451.8
    20 17,466.6
    50 17,128.9
    100 17,283.6
    200 17,185.4
  • ITC to acquire up to 10.07% of share capital of Blupin Technologies for Rs 39.3 crore

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • HUL, ITC, Britannia, Dabur up around 1%

    Here's how the FMCG basket is performing at this hour:

    Index Change (%) Price
    MCDOWELL-N 1.5 875.7
    HINDUNILVR 1.3 2,193.3
    BRITANNIA 1.2 3,342.8
    DABUR 1.1 556.4
    MARICO 0.9 515.5
    ITC 0.8 261.7
    RADICO 0.8 893.7
    COLPAL 0.5 1,534.5
    UBL 0.2 1,485
    TATACONSUM -0.2 809
    GODREJCP -0.4 797.5
    NESTLEIND -0.5 18,116.6
    EMAMILTD -1 471.2
    VBL -1.2 1,057.6
    PGHH -1.3 14,256.5
  • Buy Nestle from 1-year perspective, prefer Tata consumer, ITC, HUL in near term: Edelweiss Securities' Abneesh Roy

    Abneesh Roy of Edelweiss Securities, says investors should buy Nestle from a one-year perspective, and that he prefers Tata Consumer, ITC and Hindustan Unilever in the near term.

    “The good part in this result is almost 20-21 percent kind of growth on two-year basis on the revenue front. Double-digit growth even in YoY terms is a good thing," he says.

    The return of mobility and offices is positive for the company in his view going forward. "Nestle had a big impact in the last two years because of restricted office supplies. In a hyper inflationary time, the leader always gains market share. Investors are looking for a rural recovery from the second half of the financial year 2022-23 and in that, larger companies like Nestle will benefit," he says. 

  • Reliance Industries shares hit record high

    Reliance Industries Ltd (RIL) shares rise as much as 2.1 percent to a record high of Rs 2,776.4 apiece on BSE. The stock was the biggest contributor to the gain in headline indices. 

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

  • Reliance Industries shares hit record high

    Reliance Industries Ltd (RIL) shares rise as much as 2.1 percent to a record high of Rs 2,776.4 apiece on BSE. The stock was the biggest contributor to the gain in headline indices. 

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

  • Nestle India says raw material, packaging material cost hits 10-year high

    The company says double-digit growth in domestic sales driven by volume and mix in the quarter gone by. A continuous increase in costs in the January-March period impacted the company's profit from operations, it adds.

    Nestle says continued inflation likely to be a key factor in the short to medium term. 

  • Nestle Jan-Mar revenue meets Street estimates

    Analysts in a CNBC-TV18 poll had estimated the company's quarterly profit at Rs 625 crore and revenue at Rs 3,950 crore. 

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Nestle Jan-Mar revenue up 10%

    Nestle's revenue increases 10.2 percent to 3,980.7 crore for the March quarter. 

    Stock Market Highlights: Sensex ends 874 pts higher, Nifty reclaims 17,350 on Reliance, Infy, HDFC twins boost
  • Nestle India January-March profit down 1% at Rs 594.7 crore, misses Street estimate

    Nestle shares fall as much as three percent to Rs 17,772.9 apiece on BSE, extending losses after the earnings announcement. 

Stock Market Highlights
: Indian equity benchmarks BSE Sensex and NSE Nifty50 continued to rise for a second straight day on Thursday led by gains across IT stocks and heavyweights Reliance Industries, Infosys and the HDFC twins. Broader markets also strengthened, with the Nifty Midcap 100 rising 1.1 percent and its smallcap counterpart 1.6 percent. HCL Tech shares rose 0.9 percent as investors awaited the company's financial results. Globally, news flow on the Russia-Ukraine war and rising COVID infections in parts of the world remained on investors' radar.

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