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    Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak

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    Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 managed to finish a volatile session in the green, halting a losing streak that stretched to six back-to-back sessions and dragged the headline indices more than five percent each. Gains in financial and auto stocks pushed the headline indices higher, though losses in IT shares limited the upside. Broader markets managed stronger gains than the benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising more than one percent each. Investors awaited the last leg of the earnings season for direction. 

    Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 16, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Prakash Diwan is avoiding BFSI space 

      Market expert Prakash Diwan is staying away from the BFSI space. He believes the biggest and well capitalised banks will be the first to see growth impetus within the basket.

      "I would stay away from a small set of BFSI players for the time being because of the way they could kind of get impacted negatively if things don't go as planned. It's more from a risk reward view. The risk is slightly higher than the reward at this point. Otherwise, no taking away the fact that numbers have been fairly decent, but most of that has been priced in," he adds. 

    • Market At Close | Sensex, Nifty50 snap 6-day losing streak

      Here are some highlights: 

      --Financial, auto stocks top gainers

      --Eicher Motors posts biggest single-day gain after strong earnings

      --UltraTech, Shree Cement slip after Adani-Holcim deal for Ambuja, ACC

      --Diagnostic stocks fall on rising competition, down three percent

      --AB Capital among top midcap losers on whistleblower complaints, down five percent

      --Honeywell top midcap loser after weak set of earnings 

      --Vodafone Idea surges 13 percent, near day’s high

      --Bandhan Bank rises seven percent after brokerage upgrades following strong earnings 

      --Tyre stocks follow positive moves in auto companies; Apollo Tyres, Balkrishna top gainers

      --Defence stocks BEL, HAL rise 4-6 percent

      --Ambuja rises two percent, ACC four percent on Adani’s acquistion of Holcim stake in both companies

      --Bharat Forge surges five percent after better-than-expected earnings 

      --Market breadth favours bulls

    • Eicher, Apollo Hospitals, UPL, NTPC, SBI top blue-chip gainers

      UltraTech, Shree Cement, Asian Paints, ITC and Divi's are the worst hit among the 16 laggards in the Nifty50 basket. 

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

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Sensex, Nifty50 halt 6-day losing streak

      Both headline indices manage to finish a volatile session in the green, halting a losing streak that stretched to six back-to-back sessions and dragged the headline indices more than five percent each. Gains in financial and auto stocks aided the rebound in both Sensex and Nifty50, though losses in IT shares limited the upside. (Read more on the May 17 session)

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Higher G-Sec yields were one of worries in PSU banking: ICICI Securities' Amit Gupta 

      Amit Gupta, VP and Fund Manager-PMS at ICICI Securities, is of the view that one of the worries in the PSU banking pack was higher yields of government securities. "We need to understand how much is discounted in the bond yields – if you see the difference between the repo rate and the 10-year G-Sec, it generally used to be 150 basis points. Now you have the repo around 4.4 percent and the G-Sec yield around 7.4 percent, so a difference of 300 basis points. This is where 150 basis points of rate hike bond yields are already factoring in. This is what market also understands because the SBI earnings have been good,” he says.

    • HDFC twins, Kotak Bank, ICICI Bank top Sensex movers

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Entire IT pack has seen correction post-earnings: Geojit Financial Services' Gaurang Shah

      Gaurang Shah of Geojit Financial Services tells CNBC-TV18 that the IT pack as well as the market have witnesses a correction. "We remain positive on IT and Cyient features in our fundamental coverage. From a long-term point of view, investors should stay invested and if you do get dips and have an investable amount, you can add to the stock,” he says.

    • Century Ply Jan-Mar net profit up 2.1% at Rs 88.5 crore

      The company's consolidated revenue increased 20.9 percent on a year-on-year basis to Rs 901 crore, according to a regulatory filing. 

      Its EBITDA rose 27.7 percent on year to Rs 160.7 crore and EBITDA margin improved by 90 bps to 17.8 percent. 

    • Expect 2022-23 to be a strong year with topline growth, strong cash flows: Baba Kalyani 

      Baba Kalyani tells CNBC-TV18 that Bharat Forge expects continued growth in its key markets for its standalone business. 

      Easing of cost pressure and supply chain tightness will give a fillip to end-demand, he says. 

      Bharat Forge shares are near the strongest level of the day as the market enters the last hour of trade. The stock is up 6.2 percent at Rs 668 apiece.

    • Monsoon likely to hit Kerala by May 27, +/-4 days: Weather office IMD To CNBC-TV18  

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • It's a done deal with Adani: Holcim to CNBC-TV18

    • Nifty50 pullbacks getting sold into. How to approach the market now?

      Indian equity benchmarks have lost more than five percent of their value in a broad sell-off that stretched to six back-to-back sessions, with the Street punishing every attempt of a pullback. (Read more)

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • 15,950-16,000 important levels to watch out for in Nifty50: Prakash Gaba

      Prakash Gaba of prakashgaba.com tells CNBC-TV18 that an important level to watch out for in his view is the 15,950-16,000 band, where he sees strong resistance. A cross above that on Monday will be very good for the market in his view.

      "Then we can see even 16,100-16,200 levels. So far, the market looks okay because I don't see weakness, but some profit looking or short covering can happen... On the Bank Nifty, looks like 33,500 should be possible and we will see 34,000 possibly in a day or two," he said.

      He expects an upmove in the banking index that could help the 50-scrip benchmark.

      Gaba recommends buying Apollo Tyres for a target of Rs 215 with a stop loss at Rs 208, and selling Bharti Airtel for a target of Rs 680 with a stop loss at Rs 690. 

    • PI Industries shares rise ahead of earnings

      PI Industries shares rise as much as 3.1 percent to Rs 2,454.4 on BSE. However, the stock has declined 15 percent so far this month, and retreated 32 percent from its 52-week high.

      Motilal Oswal Financial Services estimates the company's revenue to increase 10.9 percent on a year-on-year basis to Rs 1,327 crore. The brokerage expects the company's PAT ro rise 23 percent to Rs 222 crore. 

      The company will report its financial results on Tuesday. 

      Here's what to watch out for:

      --PI Industries' custom synthesis manufacturing (CSM) business expected to report 11 percent export growth

      --Domestic business expected to grow 10 percent

      --New product launches in both domestic and CSM segments key monitorables

      --An update on acquisition in the pharma segment

    • Bharat Forge Jan-Mar profit at Rs 261.9 crore, exceeds Street estimates

      Bharat Forge shares rise as much as 4.3 percent to Rs 656 apiece after the earnings announcement. 

      Here's what the quarterly numbers look like:

    • Don't see much upside beyond Rs 380 for Ambuja: HDFC Securities' Rajesh Ravi

      Rajesh Ravi, Institutional Research Analyst-Cement at HDFC Securities, doesn't see much upside beyond Rs 380 in Ambuja shares. "In case of ACC, at Rs 2,300, the valuation would work out close to 11 times EV/EBITDA on a standalone basis, which is still a cheaper valuation, given that ACC has most of its expansions getting completed by the end of this calendar year and more visibility in terms of volume growth. This is a better opportunity. Between both the companies, I prefer playing ACC," he says. 

    • Route Mobile shares in high demand ahead of financial results

      The company is scheduled to report its earnings for the January-March period on Wednesday, May 18. 

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Nifty, Nifty Bank far below long-term simple moving averages

      Period (No. of sessions) Nifty DMA Nifty Bank DMA Signal
      5 15,985.1 33,917.7 Bearish
      10 16,306.8 34,511.6 Bearish
      20 16,722.1 35,419.4 Bearish
      50 16,963.9 35,756.6 Bearish
      100 17,186.3 36,508 Bearish
      200 17,251.5 36,880.2 Bearish
    • Buy IGL, Kotak Mahindra Bank: Angel One's Sameet Chavan 

      Sameet Chavan of Angel One shares two trading calls: 

      --Buy IGL for a target of Rs 400-405 with a stop loss at Rs 363 

      --Buy Kotak Mahindra Bank for a target of Rs 1,850-1,855 with a stop loss at Rs 1,790 

    • Sensex, Nifty50 hold on the green zone

      Positive global cues in the form of optimism on reopening in China support the sentiment on Dalal Street. Metal and financial stocks, especially in the PSU banking space, lead gains in headline indices though losses in IT and FMCG shares limited the upside. 

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Titan not looking to list Caratlane separately: Titan CFO

      Titan CFO Ashok Sonthalia tells CNBC-TV18 that though four jewellery brands, Tanishq, Zoya, Mia and Caratlane, Titan is able to address the vast segment of consumer preferences.

      "Some amount of overlap is always good because that means that you are not leaving any crack, and you are not missing any consumer or segment or preferences," he says. 

      Titan shares rise as much as 2.9 percent to Rs 2,152.3 apiece on BSE.

    • Better risk reward in domestic themes than tech space: Nippon India MF's Manish Gunwani

      Manish Gunwani of Nippon India MF tells CNBC-TV18 he sees a better risk reward in domestic themes than the tech space. More depreciation in the rupee will aid the equity market, he says. 

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Avenue Supermarts (DMart) shares jump 8%

      DMart shares rise as much as 8.2 percent to Rs 3,499.2 apiece on BSE. During the weekend, Avenue Supermarket -- the operator of DMart stores -- reported a 3.1 percent year-on-year increase in net profit to Rs 426.8 crore for the quarter ended March. Its revenue increased 18.5 percent to Rs 8,786.5 crore, according to a regulatory filing.

      The company's EBITDA margin increased by 10 bps on year to 8.4 percent in the three-month period.

    • A benchmark deal for Ambuja, ACC, positive for industry: Complete Circle's Gurmeet Chadha

      Gurmeet Chadha, Co-Founder and CEO of Complete Circle Consultants, is of the view that the Ambuja-ACC deal is quite a benchmark deal as far as the value of infrastructure and material assets is concerned. He believes the deal will be positive for the industry.

      "I started my career with ACC cement as a management trainee so that makes it even more positive to track this. I think what this will do is rerate the sector a little bit. I think what we will be seeing is that last quarter, if you see volumes, were we saw the volume decline. There were erratic rains and there was sand shortage so this will consolidate that. I think the combined entity would have about 13 percent market share. UltraTech Cement already has about 22 percent market share. It will be interesting to see how they can increase the EBITDA per tonne and whether the brands will be merged or not," he says. 

      Chadha expects the price discipline to continue. "We have UltraTech and ACC on our radar as far as our portfolio is concerned," he adds. 

    • Open offer triggered by Adani-Holcim deal excites D-Street 

      The Adani group is acquiring Switzerland-based Holcim’s entire stake in Ambuja Cements and ACC through an offshore special purpose vehicle. The value for the Holcim stake and the open offer consideration is around $10.5 billion. This is the largest ever acquisition by Adani Group and India’s largest-ever merger and acquisition transaction in the infrastructure and materials space. 

      Holcim holds 63.19 percent in Ambuja Cements and 54.53 percent in ACC. (Read more)

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    • Pre-Open Market | Sensex up over 150 pts 

      In the pre-opening session, the Sensex is up 152.7 points or 0.3 percent at 52,946.3. The Nifty50 is at 15,845.1, up 63 points or 0.4 percent from its previous close.  

    • Stocks To Watch | Maruti Suzuki, Ambuja, ACC, IndiGo, SpiceJet in focus

    • Adani to buy Holcim’s India assets for $10 billion, spend $3-3.5 billion to buy shares from public investors

      In a $10.5-billion deal, the Adani Group on Sunday entered into definitive agreements to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC, including the open offers.

      According to reports, the Adani Group may spend $3-3.5 billion to buy public shareholders' shares.

      The Adani group has offered Rs 385 per share for Ambuja Cements while that for ACC at Rs 2,300, according to a stock exchange filing. (Read more)

      Stock Market Highlights: Sensex ends 180 pts higher, Nifty reclaims 15,800 as HDFC twins, ICICI Bank help market snap 6-day losing streak
    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 managed to finish a volatile session in the green, halting a losing streak that stretched to six back-to-back sessions and dragged the headline indices more than five percent each. Gains in financial and auto stocks pushed the headline indices higher, though losses in IT shares limited the upside. Broader markets managed stronger gains than the benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising more than one percent each. Investors awaited the last leg of the earnings season for direction. 

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